Pakistan: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Pakistan

The Pakistani metal solid fuel appliances market rose to $X in 2022, growing by 3.3% against the previous year. Overall, consumption, however, showed a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Pakistan

In value terms, metal solid fuel appliances production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of 79% against the previous year. Metal solid fuel appliances production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Pakistan

In 2022, shipments abroad of iron or steel solid fuel domestic appliances increased by 123% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2017 when exports increased by 203% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, metal solid fuel appliances exports soared to $X in 2022. In general, exports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of 480%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units), the United States (X units) and Australia (X units) were the main destinations of metal solid fuel appliances exports from Pakistan, together comprising 70% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +42.3%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Australia ($X) and the United States ($X) constituted the largest markets for metal solid fuel appliances exported from Pakistan worldwide, with a combined 79% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +57.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal solid fuel appliances export price amounted to $X per unit, jumping by 44% against the previous year. Overall, the export price, however, recorded a deep setback. The pace of growth was the most pronounced in 2014 an increase of 159% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Ukraine ($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 Spain (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Pakistan

For the third consecutive year, Pakistan recorded growth in purchases abroad of iron or steel solid fuel domestic appliances, which increased by 12% to X units in 2022. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 1,479%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, metal solid fuel appliances imports plummeted to $X in 2022. Over the period under review, imports showed resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 642%. Imports peaked at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest metal solid fuel appliances supplier to Pakistan, with a 71% share of total imports. Moreover, metal solid fuel appliances imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by the United States (X units), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +36.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+43.8% per year) and the United States (+41.2% per year).

In value terms, the largest metal solid fuel appliances suppliers to Pakistan were China ($X), Germany ($X) and the United States ($X), together accounting for 80% of total imports.

Among the main suppliers, Germany, with a CAGR of +44.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal solid fuel appliances import price amounted to $X per unit, which is down by -25.7% against the previous year. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 39%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 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 Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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