Pakistan: Wood Barrel Market 2025

Wood Barrel Market Size in Pakistan

The Pakistani wood barrel market totaled $X in 2022, with an increase of 14% against the previous year. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Wood Barrel Production in Pakistan

In value terms, wood barrel production expanded sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 84%. Wood barrel production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wood Barrel Exports

Exports from Pakistan

In 2022, exports of casks, barrels, vats, tubs, and coopers products of wood from Pakistan fell remarkably to X units, waning by -37.5% on the previous year's figure. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 220%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wood barrel exports contracted significantly to $X in 2022. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 175%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for wood barrel exports from Pakistan, with a 90% share of total exports. Moreover, wood barrel exports to the United Arab Emirates exceeded the volume sent to the second major destination, Canada (X units), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +4.1%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for casks, barrels, vats, tubs, and coopers products of wood exports from Pakistan, comprising 76% of total exports. The second position in the ranking was held by Canada ($X), with a 9.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-16.5% per year) and the UK (-30.3% per year).

Export Prices by Country

In 2022, the average wood barrel export price amounted to $X per unit, increasing by 9.1% against the previous year. Overall, the export price recorded a tangible expansion. The growth pace was the most rapid in 2015 when the average export price increased by 160% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+43.8%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Barrel Imports

Imports into Pakistan

In 2022, after two years of decline, there was significant growth in purchases abroad of casks, barrels, vats, tubs, and coopers products of wood, when their volume increased by 104% to X units. Over the period under review, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2018 with an increase of 145%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wood barrel imports soared to $X in 2022. Overall, imports, however, saw a abrupt shrinkage. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of wood barrel to Pakistan, accounting for a 85% share of total imports. Moreover, wood barrel imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.8% per year) and the UK (-16.7% per year).

In value terms, the United States ($X) constituted the largest supplier of casks, barrels, vats, tubs, and coopers products of wood to Pakistan, comprising 93% of total imports. The second position in the ranking was taken by China ($X), with a 3.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.8% per year) and the UK (-2.0% per year).

Import Prices by Country

The average wood barrel import price stood at $X per unit in 2022, with an increase of 33% against the previous year. Overall, the import price, however, saw a perceptible reduction. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+21.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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