Pakistan: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Pakistan

The Pakistani rubber-to-metal and moulded article market declined to $X in 2021, dropping by -14.9% 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). The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Pakistan

In 2021, the amount of rubber-to-metal and moulded articles exported from Pakistan soared to X tons, with an increase of 44% against 2020 figures. Overall, exports continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2020 with an increase of 156%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, rubber-to-metal and moulded article exports surged to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for rubber-to-metal and moulded article exports from Pakistan, accounting for a 45% share of total exports. Moreover, rubber-to-metal and moulded article exports to Canada exceeded the volume sent to the second major destination, Oman (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to +69.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+31.3% per year) and the United Arab Emirates (-11.8% per year).

In value terms, Canada ($X) emerged as the key foreign market for rubber-to-metal and moulded articles exports from Pakistan, comprising 58% of total exports. The second position in the ranking was taken by Oman ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +60.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+41.8% per year) and the United Arab Emirates (-12.0% per year).

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, surging by 45% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Kenya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Pakistan

In 2021, the amount of rubber-to-metal and moulded articles imported into Pakistan rose notably to X tons, surging by 5.8% against 2020 figures. Overall, imports, however, continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, rubber-to-metal and moulded article imports fell sharply to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 38% against the previous year. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

Japan (X tons), China (X tons) and Thailand (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Pakistan, with a combined 79% share of total imports. The United Arab Emirates, Singapore, Indonesia, Germany and the United States lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +30.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of rubber-to-metal and moulded articles to Pakistan, comprising 46% of total imports. The second position in the ranking was taken by Japan ($X), with a 19% share of total imports. It was followed by Germany, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.5% per year) and Germany (+4.4% per year).

Import Prices by Country

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, dropping by -22.2% against the previous year. In general, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average import price increased by 37% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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