Pakistan: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2025

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Pakistan

The Pakistani market for equipment for scaffolding, shuttering, propping or pit propping declined modestly to $X in 2021, remaining stable against the previous year. Over the period under review, consumption, however, saw a buoyant increase. Over the period under review, the market hit record highs at $X in 2020, and then contracted modestly in the following year.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Pakistan

In value terms, scaffolding, shuttering, and propping equipment production reached $X in 2021 estimated in export price. Overall, production, however, posted a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 54% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Pakistan

In 2021, overseas shipments of equipment for scaffolding, shuttering, propping or pit propping decreased by -64.3% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a sharp slump. The pace of growth was the most pronounced in 2019 with an increase of 42%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment exports amounted to $X in 2021. In general, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 76% 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 failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for scaffolding, shuttering, and propping equipment exports from Pakistan, accounting for a 75% share of total exports. Moreover, scaffolding, shuttering, and propping equipment exports to Singapore exceeded the volume sent to the second major destination, Kuwait (X tons), fivefold. Trinidad and Tobago (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore stood at -16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+2,246.4% per year) and Trinidad and Tobago (0.0% per year).

In value terms, Singapore ($X) remains the key foreign market for equipment for scaffolding, shuttering, propping or pit propping exports from Pakistan, comprising 74% of total exports. The second position in the ranking was taken by Trinidad and Tobago ($X), with a 10% share of total exports. It was followed by Kuwait, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (0.0% per year) and Kuwait (+2,304.8% per year).

Export Prices by Country

The average export price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, increasing by 183% against the previous year. Overall, the export price continues to indicate strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Pakistan

In 2021, overseas purchases of equipment for scaffolding, shuttering, propping or pit propping were finally on the rise to reach X tons after four years of decline. In general, imports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2014 with an increase of 228% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment imports soared to $X in 2021. Over the period under review, imports, however, saw a perceptible setback. The pace of growth was the most pronounced in 2014 when imports increased by 250% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and the UK (X tons) were the main suppliers of scaffolding, shuttering, and propping equipment imports to Pakistan, together comprising 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +3.5%), while imports for the other leaders experienced a decline.

In value terms, the largest scaffolding, shuttering, and propping equipment suppliers to Pakistan were China ($X), the United Arab Emirates ($X) and the UK ($X), with a combined 98% share of total imports.

China, with a CAGR of +3.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, reducing by -9.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2020 an increase of 39%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :