Pakistan: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2024

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Pakistan

The Pakistani market for iron or steel gas domestic cooking appliances and plate warmers was finally on the rise to reach $X in 2022, after four years of decline. Over the period under review, consumption, however, saw a pronounced expansion. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Exports from Pakistan

In 2022, overseas shipments of iron or steel gas domestic cooking appliances and plate warmers decreased by -18.2% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 227% against the previous year. Over the period under review, the exports of hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers fell sharply to $X in 2022. Over the period under review, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 189% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for exports of iron or steel gas domestic cooking appliances and plate warmers from Pakistan, accounting for a 54% share of total exports. Moreover, exports of iron or steel gas domestic cooking appliances and plate warmers to the United States exceeded the volume sent to the second major destination, Cameroon (X units), twofold. Saudi Arabia (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (+15.6% per year) and Saudi Arabia (+41.7% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel gas domestic cooking appliances and plate warmers exports from Pakistan, comprising 68% of total exports. The second position in the ranking was held by Cameroon ($X), with a 10% share of total exports. It was followed by Saudi Arabia, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (-7.6% per year) and Saudi Arabia (+42.6% per year).

Export Prices by Country

In 2022, the average export price for iron or steel gas domestic cooking appliances and plate warmers amounted to $X per unit, shrinking by -8.5% against the previous year. Over the period under review, the export price saw a drastic downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Arab Emirates ($X per unit), while the average price for exports to Cameroon ($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 (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Imports into Pakistan

In 2022, the amount of iron or steel gas domestic cooking appliances and plate warmers imported into Pakistan contracted to X units, waning by -6.6% compared with the previous year. Over the period under review, imports, however, saw temperate growth. The pace of growth was the most pronounced in 2014 with an increase of 157%. Over the period under review, imports of attained the maximum at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers reached $X in 2022. Overall, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 144%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main iron or steel gas domestic cooking appliances and plate warmers supplier to Pakistan, accounting for a 91% share of total imports. Moreover, imports of iron or steel gas domestic cooking appliances and plate warmers from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-9.0% per year) and Italy (+11.7% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic cooking appliances and plate warmers to Pakistan, comprising 72% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 22% share of total imports. It was followed by Italy, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-4.2% per year) and Italy (+15.8% per year).

Import Prices by Country

The average import price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, surging by 8.5% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price 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, import price for iron or steel gas domestic cooking appliances and plate warmers decreased by -31.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 78%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform