Pakistan: Hard Plastic Comb Market 2024

Hard Plastic Comb Market Size in Pakistan

In 2022, the Pakistani hard plastic comb market increased by 3% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, posted a prominent increase. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Hard Plastic Comb Exports

Exports from Pakistan

In 2022, overseas shipments of hard rubber or plastic combs were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 2,023%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, hard plastic comb exports surged to $X in 2022. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 1,148% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons), Saudi Arabia (X tons) and Bahrain (X kg) were the main destinations of hard plastic comb exports from Pakistan, with a combined 61% share of total exports. Oman, the United Arab Emirates, South Africa, Hong Kong SAR, Spain, Germany, the United States and Montenegro lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Montenegro (with a CAGR of +631.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hard plastic comb exported from Pakistan were the UK ($X), Bahrain ($X) and Saudi Arabia ($X), together comprising 51% of total exports. Hong Kong SAR, Spain, Germany, the United Arab Emirates, the United States, Montenegro, South Africa and Oman lagged somewhat behind, together comprising a further 38%.

Montenegro, with a CAGR of +1,095.1%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 hard plastic comb export price stood at $X per ton in 2022, falling by -15.8% against the previous year. Over the period under review, the export price, however, saw resilient growth. The growth pace was the most rapid in 2020 an increase of 64% against the previous year. The export price peaked at $X per ton in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Oman ($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 Montenegro (+63.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hard Plastic Comb Imports

Imports into Pakistan

In 2022, purchases abroad of hard rubber or plastic combs increased by 0.2% to X tons, rising for the second year in a row after three years of decline. Overall, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by 91%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, hard plastic comb imports soared to $X in 2022. In general, imports posted buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 101% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest hard plastic comb supplier to Pakistan, accounting for a 75% share of total imports. Moreover, hard plastic comb imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+70.6% per year) and Iran (+4.7% per year).

In value terms, China ($X) constituted the largest supplier of hard rubber or plastic combs to Pakistan, comprising 75% of total imports. The second position in the ranking was held by India ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+99.9% per year) and Iran (+0.3% per year).

Import Prices by Country

In 2022, the average hard plastic comb import price amounted to $X per ton, rising by 21% against the previous year. Over the last decade, it increased at an average annual rate of +5.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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