Pakistan: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Pakistan

In 2022, the Pakistani market for cellular plates, sheets and films of polyymers of styrene was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption showed a relatively flat trend pattern. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Pakistan

In 2022, the amount of cellular plates, sheets and films of polyymers of styrene exported from Pakistan dropped dramatically to X tons, reducing by -49.4% on the previous year. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 5,991%. As a result, the exports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene shrank sharply to $X in 2022. In general, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 6,219%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from Pakistan, accounting for a 93% share of total exports. It was followed by the United Arab Emirates (X kg), with a 3.1% share of total exports. The third position in this ranking was held by Kuwait (X kg), with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland stood at +293.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+26.0% per year) and Kuwait (-0.1% per year).

In value terms, Ireland ($X) emerged as the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from Pakistan, comprising 92% of total exports. The second position in the ranking was taken by the UK ($X), with a 3.6% share of total exports. It was followed by Kuwait, with a 2% share.

From 2012 to 2022, the average annual growth rate of value to Ireland stood at +277.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-10.9% per year) and Kuwait (-1.1% per year).

Export Prices by Country

The average export price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 111%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+38.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Pakistan

In 2022, overseas purchases of cellular plates, sheets and films of polyymers of styrene were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a noticeable increase. The pace of growth appeared the most rapid in 2019 when imports increased by 120%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene soared to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 101% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Croatia (X tons) were the main suppliers of imports of cellular plates, sheets and films of polyymers of styrene to Pakistan, together comprising 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +56.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to Pakistan, comprising 60% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 15% share of total imports. It was followed by Indonesia, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +34.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+51.5% per year) and Indonesia (-22.4% per year).

Import Prices by Country

The average import price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, with an increase of 22% against the previous year. Overall, the import price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 69% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 Turkey ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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