Pakistan: Copper Screw Market 2024

Copper Screw Market Size in Pakistan

The Pakistani copper screw market reduced modestly to $X in 2021, dropping by -4.3% against the previous year. Over the period under review, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +4.7% against 2019 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Copper Screw Production in Pakistan

In value terms, copper screw production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -22.9% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 68% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Copper Screw Exports

Exports from Pakistan

In 2021, approx. X kg of copper screws, bolts and nuts were exported from Pakistan; falling by -43.4% compared with the previous year's figure. In general, exports continue to indicate a significant decrease. The pace of growth was the most pronounced in 2016 with an increase of 200%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper screw exports reduced rapidly to $X in 2021. Overall, exports faced a sharp reduction. The pace of growth was the most pronounced in 2016 when exports increased by 298%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for copper screw exports from Pakistan, accounting for a 82% share of total exports. Moreover, copper screw exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -22.6%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for copper screws, bolts and nuts exports from Pakistan, comprising 77% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled -16.0%.

Export Prices by Country

In 2021, the average copper screw export price amounted to $X per ton, shrinking by -30.1% against the previous year. Overall, the export price, however, saw slight growth. The growth pace was the most rapid in 2017 an increase of 64%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Screw Imports

Imports into Pakistan

In 2021, the amount of copper screws, bolts and nuts imported into Pakistan plummeted to X tons, falling by -55.4% on 2020 figures. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 680%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, copper screw imports shrank remarkably to $X in 2021. In general, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 782% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Japan (X tons) and Thailand (X kg) were the main suppliers of copper screw imports to Pakistan, together comprising 73% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +597.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Thailand ($X) appeared to be the largest copper screw suppliers to Pakistan, with a combined 77% share of total imports.

Thailand, with a CAGR of +862.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average copper screw import price stood at $X per ton in 2021, with an increase of 17% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 29%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+37.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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