Pakistan: Market for Lighting Sets For Christmas Trees 2024

Exports of Lighting Sets For Christmas Trees

Exports from Pakistan

In 2022, after four years of growth, there was significant decline in overseas shipments of lighting sets for christmas trees, when their volume decreased by -30.4% to X units. Overall, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 364% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then plummeted in the following year.

In value terms, lighting set for christmas trees exports dropped significantly to $X in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 289%. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

The UK (X units) was the main destination for lighting set for christmas trees exports from Pakistan, with a 81% share of total exports. Moreover, lighting set for christmas trees exports to the UK exceeded the volume sent to the second major destination, the United Arab Emirates (X units), sevenfold. The third position in this ranking was taken by Canada (X units), with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+36.8% per year) and Canada (+4.6% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for lighting sets for christmas trees exports from Pakistan, comprising 68% of total exports. The second position in the ranking was held by the UK ($X), with a 17% share of total exports. It was followed by Canada, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +57.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+23.7% per year) and Canada (+13.1% per year).

Export Prices by Country

The average export price for lighting sets for christmas trees stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lighting set for christmas trees export price increased by +123.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 49% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to the UK ($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 United Arab Emirates (+12.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lighting Sets For Christmas Trees

Imports into Pakistan

In 2022, lighting set for christmas trees imports into Pakistan declined significantly to X units, which is down by -16.8% against 2021 figures. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 165%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, lighting set for christmas trees imports contracted notably to $X in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 181% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main lighting set for christmas trees supplier to Pakistan, accounting for a 100% share of total imports. It was followed by Chile (X units), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +24.7%.

In value terms, China ($X) constituted the largest supplier of lighting sets for christmas trees to Pakistan, comprising 100% of total imports. The second position in the ranking was taken by Chile ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +30.2%.

Import Prices by Country

In 2022, the average import price for lighting sets for christmas trees amounted to $X per unit, dropping by -2.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 13%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Chile amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :