Pakistan: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in Pakistan

The Pakistani metal spring washer market soared to $X in 2022, increasing by 46% 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). Overall, consumption, however, continues to indicate a deep downturn. Metal spring washer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Spring Washer Exports

Exports from Pakistan

In 2022, overseas shipments of iron or steel spring washers were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 320%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal spring washer exports soared to $X in 2022. Over the period under review, exports, however, recorded a slight slump. The pace of growth was the most pronounced in 2016 with an increase of 104% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for metal spring washer exports from Pakistan, with a 56% share of total exports. Moreover, metal spring washer exports to Saudi Arabia exceeded the volume sent to the second major destination, Yemen (X kg), threefold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia amounted to +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+37.1% per year) and the United Arab Emirates (+21.4% per year).

In value terms, the largest markets for metal spring washer exported from Pakistan were Yemen ($X), Saudi Arabia ($X) and Mozambique ($X), with a combined 61% share of total exports.

Yemen, with a CAGR of +52.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average metal spring washer export price amounted to $X per ton, waning by -15.6% against the previous year. Overall, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 32%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Saudi Arabia ($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 Mozambique (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Spring Washer Imports

Imports into Pakistan

For the third year in a row, Pakistan recorded growth in overseas purchases of iron or steel spring washers, which increased by 44% to X tons in 2022. Over the period under review, imports, however, recorded a deep reduction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal spring washer imports soared to $X in 2022. In general, imports, however, showed a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 49% against the previous year. 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 spring washer to Pakistan, accounting for a 52% share of total imports. Moreover, metal spring washer imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Turkey (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.2% per year) and Turkey (+27.6% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel spring washers to Pakistan, comprising 46% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Russia, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.4% per year) and Russia (+138.1% per year).

Import Prices by Country

The average metal spring washer import price stood at $X per ton in 2022, increasing by 2.2% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal spring washer import price decreased by -40.4% against 2017 indices. The pace of growth was the most pronounced in 2015 an increase of 32%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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