Pakistan: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Pakistan

The Pakistani plastic household articles market declined to $X in 2022, with a decrease of -7.9% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.7% against 2020 indices. Plastic household articles consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Plastic Household Articles Production in Pakistan

In value terms, plastic household articles production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 54% against the previous year. Plastic household articles production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Plastic Household Articles Exports

Exports from Pakistan

After two years of growth, shipments abroad of household articles and toilet articles of plastics decreased by -23.5% to X tons in 2022. Overall, exports showed a pronounced slump. The pace of growth appeared the most rapid in 2020 with an increase of 92% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, plastic household articles exports soared to $X in 2022. Over the period under review, exports saw a slight contraction. The most prominent rate of growth was recorded in 2015 with an increase of 136%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for plastic household articles exports from Pakistan, accounting for a 80% share of total exports. Moreover, plastic household articles exports to Afghanistan exceeded the volume sent to the second major destination, the United States (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Afghanistan stood at -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+75.0% per year) and the United Arab Emirates (+4.5% per year).

In value terms, Afghanistan ($X) remains the key foreign market for household articles and toilet articles of plastics exports from Pakistan, comprising 61% of total exports. The second position in the ranking was held by the United States ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Afghanistan totaled -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+86.1% per year) and the United Arab Emirates (+1.9% per year).

Export Prices by Country

The average plastic household articles export price stood at $X per ton in 2022, jumping by 89% against the previous year. In general, the export price posted a tangible increase. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United States (+6.3%), while the prices for the other major destinations experienced a decline.

Plastic Household Articles Imports

Imports into Pakistan

In 2022, overseas purchases of household articles and toilet articles of plastics decreased by -41.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 70%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic household articles imports dropped notably to $X in 2022. In general, imports recorded a noticeable contraction. The pace of growth was the most pronounced in 2014 when imports increased by 68%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of plastic household articles to Pakistan, with a 79% share of total imports. Moreover, plastic household articles imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.2% per year) and Iran (+12.1% per year).

In value terms, the largest plastic household articles suppliers to Pakistan were the United Arab Emirates ($X), China ($X) and Iran ($X), with a combined 90% share of total imports.

In terms of the main suppliers, Iran, with a CAGR of +9.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, growing by 9.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 25%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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