Pakistan: Metal Chain Market 2024

Metal Chain Market Size in Pakistan

The Pakistani metal chain market surged to $X in 2022, picking up by 29% 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). In general, consumption, however, recorded a mild reduction. Metal chain consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Metal Chain Exports

Exports from Pakistan

In 2022, shipments abroad of iron or steel chain increased by 18% to X kg, rising for the second year in a row after four years of decline. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 54% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal chain exports expanded significantly to $X in 2022. Overall, exports, however, showed a precipitous slump. The pace of growth appeared the most rapid in 2016 when exports increased by 87%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for metal chain exports from Pakistan, accounting for a 48% share of total exports. Moreover, metal chain exports to the United Arab Emirates exceeded the volume sent to the second major destination, the UK (X kg), fivefold. The third position in this ranking was held by Belarus (X kg), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-2.1% per year) and Belarus (-14.1% per year).

In value terms, Canada ($X), the UK ($X) and Germany ($X) constituted the largest markets for metal chain exported from Pakistan worldwide, with a combined 48% share of total exports.

Canada, with a CAGR of +3.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average metal chain export price amounted to $X per ton, declining by -9.1% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 22% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United Arab Emirates ($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 Canada (+10.8%), while the prices for the other major destinations experienced a decline.

Metal Chain Imports

Imports into Pakistan

In 2022, the amount of iron or steel chain imported into Pakistan rose notably to X tons, growing by 10% on the previous year's figure. Over the period under review, imports, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, metal chain imports surged to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal chain to Pakistan, accounting for a 36% share of total imports. Moreover, metal chain imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+50.9% per year) and the United States (-5.6% per year).

In value terms, the largest metal chain suppliers to Pakistan were China ($X), Switzerland ($X) and Thailand ($X), with a combined 54% share of total imports.

Switzerland, with a CAGR of +57.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal chain import price stood at $X per ton in 2022, with an increase of 24% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal chain import price decreased by -7.8% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of 46%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :