Pakistan: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Pakistan

The Pakistani vulcanised rubber mats market skyrocketed to $X in 2021, with an increase of 48% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a significant expansion. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Vulcanised Rubber Mats Exports

Exports from Pakistan

In 2021, exports of floor coverings and mats of vulcanised rubber from Pakistan reduced to X tons, declining by -14.5% against 2020 figures. Overall, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 44% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, vulcanised rubber mats exports contracted to $X in 2021. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2013 when exports increased by 54%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Oman (X tons) was the main destination for vulcanised rubber mats exports from Pakistan, with a 77% share of total exports. Moreover, vulcanised rubber mats exports to Oman exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), sixfold. Australia (X kg) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman amounted to +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+7.9% per year) and Australia (0.0% per year).

In value terms, Oman ($X) emerged as the key foreign market for floor coverings and mats of vulcanised rubber exports from Pakistan, comprising 68% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Australia, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+0.5% per year) and Australia (0.0% per year).

Export Prices by Country

The average vulcanised rubber mats export price stood at $X per ton in 2021, with an increase of 12% against the previous year. In general, the export price showed slight growth. The pace of growth was the most pronounced in 2017 an increase of 120% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+144.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into Pakistan

In 2021, vulcanised rubber mats imports into Pakistan soared to X tons, jumping by 68% compared with the year before. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 108%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, vulcanised rubber mats imports soared to $X in 2021. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 130%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main vulcanised rubber mats supplier to Pakistan, accounting for a 91% share of total imports. Moreover, vulcanised rubber mats imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.4% per year) and the United Arab Emirates (-5.8% per year).

In value terms, China ($X) constituted the largest supplier of floor coverings and mats of vulcanised rubber to Pakistan, comprising 91% of total imports. The second position in the ranking was held by Germany ($X), with a 3.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.5% per year) and the United Arab Emirates (-7.8% per year).

Import Prices by Country

The average vulcanised rubber mats import price stood at $X per ton in 2021, with a decrease of -24.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 33% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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