Pakistan: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in Pakistan

The Pakistani iron or steel can market reached $X in 2021, remaining constant against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Iron or Steel Cans in Pakistan

In value terms, iron or steel can production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by 30%. Iron or steel can production peaked at $X in 2020, and then shrank in the following year.

Exports of Iron or Steel Cans

Exports from Pakistan

In 2021, iron or steel can exports from Pakistan dropped notably to X units, falling by -21.3% on 2020 figures. In general, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 39%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, iron or steel can exports reduced to $X in 2021. Over the period under review, exports saw a sharp slump. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mauritius (X units) was the main destination for iron or steel can exports from Pakistan, with a 63% share of total exports. Moreover, iron or steel can exports to Mauritius exceeded the volume sent to the second major destination, Oman (X units), threefold. The third position in this ranking was taken by Afghanistan (X units), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mauritius stood at -15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-0.9% per year) and Afghanistan (-37.1% per year).

In value terms, the largest markets for iron or steel can exported from Pakistan were the UK ($X), Mauritius ($X) and Oman ($X), together comprising 82% of total exports.

Among the main countries of destination, Oman, with a CAGR of +12.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average iron or steel can export price amounted to $X per unit, picking up by 23% against the previous year. In general, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron or steel can export price increased by +94.1% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 32%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Afghanistan (less than $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 the UK (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cans

Imports into Pakistan

In 2021, imports of iron or steel cans into Pakistan surged to X units, increasing by 57% on the year before. Overall, imports saw a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 100% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, iron or steel can imports reduced slightly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 83% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

The United Arab Emirates (X units), China (X units) and Turkey (X units) were the main suppliers of iron or steel can imports to Pakistan, with a combined 60% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +12.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the United Arab Emirates ($X) and Turkey ($X) appeared to be the largest iron or steel can suppliers to Pakistan, together accounting for 62% of total imports.

Turkey, with a CAGR of +5.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average iron or steel can import price stood at $X per unit in 2021, reducing by -38.3% against the previous year. Overall, the import price showed a deep contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 71% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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