Pakistan: Plastic Furniture Market 2024

Plastic Furniture Market Size in Pakistan

The Pakistani plastic furniture market skyrocketed to $X in 2021, growing by 21% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.0% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Plastic Furniture Production in Pakistan

In value terms, plastic furniture production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 61% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Plastic Furniture Exports

Exports from Pakistan

For the fourth consecutive year, Pakistan recorded growth in overseas shipments of furniture of plastic, which increased by 40% to X units in 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 171% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, plastic furniture exports surged to $X in 2021. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 108% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United Arab Emirates (X units) was the main destination for plastic furniture exports from Pakistan, accounting for a 52% share of total exports. Moreover, plastic furniture exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold. The UK (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+168.5% per year) and the UK (+82.9% per year).

In value terms, the largest markets for plastic furniture exported from Pakistan were Saudi Arabia ($X), the UK ($X) and the United Arab Emirates ($X), together accounting for 70% of total exports.

Saudi Arabia, with a CAGR of +180.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic furniture export price stood at $X per unit in 2021, picking up by 7.4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 85%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Afghanistan ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Imports

Imports into Pakistan

In 2021, overseas purchases of furniture of plastic decreased by -17.1% to X units, falling for the third consecutive year after three years of growth. In general, imports, however, continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2014 with an increase of 79% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, plastic furniture imports declined to $X in 2021. Over the period under review, imports, however, posted tangible growth. The pace of growth was the most pronounced in 2014 with an increase of 78% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), the United Arab Emirates (X units) and Indonesia (X units) were the main suppliers of plastic furniture imports to Pakistan, together comprising 91% of total imports.

From 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of +82.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of plastic furniture to Pakistan, comprising 55% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 27% share of total imports. It was followed by Indonesia, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+2.4% per year) and Indonesia (+83.5% per year).

Import Prices by Country

In 2021, the average plastic furniture import price amounted to $X per unit, surging by 12% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Thailand ($X per unit) and Indonesia ($X per unit), while the price for the United Arab Emirates ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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