Pakistan: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Pakistan

In 2021, the Pakistani non-woven glass fibre articles market increased by 38% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +59.5% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Pakistan

In 2021, overseas shipments of non-woven glass fibre webs, felts, mattresses and boards decreased by -4.9% to X kg, falling for the fourth year in a row after two years of growth. Over the period under review, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2016 when exports increased by 213%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-woven glass fibre articles exports shrank to $X in 2021. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 240%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X kg) was the main destination for non-woven glass fibre articles exports from Pakistan, accounting for a 88% share of total exports. Moreover, non-woven glass fibre articles exports to Belgium exceeded the volume sent to the second major destination, Afghanistan (X kg), more than tenfold. Canada (X kg) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-49.4% per year) and Canada (-21.8% per year).

In value terms, Belgium ($X) emerged as the key foreign market for non-woven glass fibre webs, felts, mattresses and boards exports from Pakistan, comprising 86% of total exports. The second position in the ranking was held by Afghanistan ($X), with a 6.4% share of total exports. It was followed by Canada, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-37.0% per year) and Canada (-27.2% per year).

Export Prices by Country

In 2021, the average non-woven glass fibre articles export price amounted to $X per ton, falling by -3.7% against the previous year. Overall, the export price, however, saw significant growth. The growth pace was the most rapid in 2013 when the average export price increased by 759%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were Afghanistan ($X per ton) and Belgium ($X per ton), while the average price for exports to Canada ($X per ton) and Tanzania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+24.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Pakistan

In 2021, supplies from abroad of non-woven glass fibre webs, felts, mattresses and boards increased by 38% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded resilient growth. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, non-woven glass fibre articles imports soared to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of non-woven glass fibre articles imports to Pakistan, with a combined 93% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +30.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Thailand ($X) and Taiwan (Chinese) ($X) were the largest non-woven glass fibre articles suppliers to Pakistan, with a combined 91% share of total imports.

Taiwan (Chinese), with a CAGR of +35.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2018 an increase of 6.5% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Japan ($X per ton) and Thailand ($X per ton), while the price for China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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