Pakistan: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in Pakistan

In 2021, after three years of decline, there was significant growth in the Pakistani assembled parquet panels market, when its value increased by 15% to $X. Overall, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -27.3% against 2017 indices. Assembled parquet panels consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Assembled Parquet Panels Production in Pakistan

In value terms, assembled parquet panels production surged to $X in 2021 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -28.2% against 2017 indices. The pace of growth was the most pronounced in 2016 with an increase of 59%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Assembled Parquet Panels Exports

Exports from Pakistan

In 2021, after three years of growth, there was significant decline in shipments abroad of assembled parquet panels, when their volume decreased by -49.9% to X tons. Over the period under review, exports recorded a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 493% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, assembled parquet panels exports reduced notably to $X in 2021. Overall, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2019 when exports increased by 115%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for assembled parquet panels exports from Pakistan, with a 80% share of total exports. Moreover, assembled parquet panels exports to the United Arab Emirates exceeded the volume sent to the second major destination, the UK (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-25.7% per year) and Afghanistan (-10.1% per year).

In value terms, the United Arab Emirates ($X), Afghanistan ($X) and the UK ($X) constituted the largest markets for assembled parquet panels exported from Pakistan worldwide, together accounting for 85% of total exports.

The United Arab Emirates, with a CAGR of -10.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average assembled parquet panels export price amounted to $X per ton, dropping by -58.2% against the previous year. In general, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 114% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Afghanistan ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United States (+0.5%), while the prices for the other major destinations experienced a decline.

Assembled Parquet Panels Imports

Imports into Pakistan

After three years of decline, supplies from abroad of assembled parquet panels increased by 29% to X tons in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 58%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, assembled parquet panels imports rose notably to $X in 2021. Over the period under review, imports posted a modest increase. The most prominent rate of growth was recorded in 2015 when imports increased by 95% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest assembled parquet panels supplier to Pakistan, with a 78% share of total imports. Moreover, assembled parquet panels imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold. The third position in this ranking was taken by Sweden (X tons), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-15.1% per year) and Sweden (-19.1% per year).

In value terms, China ($X), Sweden ($X) and Indonesia ($X) were the largest assembled parquet panels suppliers to Pakistan, with a combined 89% share of total imports.

China, with a CAGR of +11.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average assembled parquet panels import price stood at $X per ton in 2021, dropping by -13.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2015 when the average import price increased by 24%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+27.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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