Pakistan: Metal Gas Appliances Market 2024

Metal Gas Appliances Market Size in Pakistan

In 2022, the Pakistani metal gas appliances market decreased by -43.3% to $X, falling for the fifth year in a row after two years of growth. In general, consumption recorded a abrupt contraction. Metal gas appliances consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Gas Appliances Exports

Exports from Pakistan

In 2022, overseas shipments of iron or steel gas domestic appliances were finally on the rise to reach X units for the first time since 2015, thus ending a six-year declining trend. Over the period under review, exports, however, continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2014 when exports increased by 419% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, metal gas appliances exports surged to $X in 2022. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 642%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Kuwait (X units), South Africa (X units) and the UK (X units) were the main destinations of metal gas appliances exports from Pakistan, with a combined 31% share of total exports. Australia, Austria, Saudi Arabia, the Czech Republic, the Netherlands, Poland, Ireland, the United States, Kenya and France lagged somewhat behind, together comprising a further 38%. Moreover, metal gas appliances exports in Kuwait exceeded the figures recorded by the second-largest exporter, South Africa, twofold.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), the UK ($X) and Saudi Arabia ($X) were the largest markets for metal gas appliances exported from Pakistan worldwide, together comprising 69% of total exports. Australia, South Africa, the United States, France, the Czech Republic, Ireland, the Netherlands, Austria, Poland and Kenya lagged somewhat behind, together comprising a further 27%.

Australia, with a CAGR of +1.6%, recorded the highest growth rate of the value of exports, among 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 metal gas appliances export price stood at $X per unit in 2022, with an increase of 106% against the previous year. Overall, the export price posted tangible growth. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Kenya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Gas Appliances Imports

Imports into Pakistan

In 2022, supplies from abroad of iron or steel gas domestic appliances decreased by -33.2% to X units, falling for the fifth year in a row after two years of growth. In general, imports showed a deep contraction. The growth pace was the most rapid in 2016 when imports increased by 112% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal gas appliances imports declined significantly to $X in 2022. Over the period under review, imports showed a sharp decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 93%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of metal gas appliances to Pakistan, accounting for a 97% share of total imports. It was followed by Japan (X units), with a 0.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-51.7% per year) and South Korea (-48.2% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic appliances to Pakistan, comprising 97% of total imports. The second position in the ranking was taken by South Korea ($X), with a 0.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-43.0% per year) and Japan (-51.1% per year).

Import Prices by Country

The average metal gas appliances import price stood at $X per unit in 2022, with a decrease of -19.4% against the previous year. Overall, the import price saw a slight shrinkage. The pace of growth was the most pronounced in 2014 when the average import price increased by 40% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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