Pakistan: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Pakistan

In 2021, the Pakistani market for plastic hoses and hose fittings decreased by -17.3% to $X, falling for the fourth consecutive year after six years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Pakistan

In 2021, overseas shipments of plastic hoses and hose fittings decreased by -5.6% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports showed a noticeable reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 137% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, plastic hose and hose fitting exports skyrocketed to $X in 2021. Overall, exports recorded a pronounced slump. The pace of growth was the most pronounced in 2018 when exports increased by 99% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for plastic hose and hose fitting exports from Pakistan, accounting for a 70% share of total exports. Moreover, plastic hose and hose fitting exports to Turkey exceeded the volume sent to the second major destination, Afghanistan (X tons), ninefold. The third position in this ranking was held by Saudi Arabia (X tons), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey stood at +155.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-24.6% per year) and Saudi Arabia (+99.9% per year).

In value terms, Turkey ($X) remains the key foreign market for plastic hoses and hose fittings exports from Pakistan, comprising 55% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Afghanistan, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey amounted to +252.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+23.7% per year) and Afghanistan (-25.9% per year).

Export Prices by Country

In 2021, the average export price for plastic hoses and hose fittings amounted to $X per ton, with an increase of 27% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 44% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 (+20.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Hoses and Hose Fittings

Imports into Pakistan

For the fourth year in a row, Pakistan recorded decline in supplies from abroad of plastic hoses and hose fittings, which decreased by -10.5% to X tons in 2021. Over the period under review, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 73%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, plastic hose and hose fitting imports contracted rapidly to $X in 2021. Overall, imports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2015 when imports increased by 110%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and South Korea (X tons) were the main suppliers of plastic hose and hose fitting imports to Pakistan, with a combined 62% share of total imports. These countries were followed by Mexico, Germany, Saudi Arabia, Thailand and the United States, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +25.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of plastic hoses and hose fittings to Pakistan, comprising 30% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+5.6% per year) and Germany (+11.8% per year).

Import Prices by Country

The average import price for plastic hoses and hose fittings stood at $X per ton in 2021, dropping by -9.1% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic hose and hose fitting import price decreased by -22.1% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 31%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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