Pakistan: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Pakistan

The Pakistani market for plastics pipes and pipe fittings contracted to $X in 2022, waning by -2.8% against the previous year. In general, consumption, however, continues to indicate a prominent expansion. Plastics pipe and pipe fitting consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Plastics Pipes And Pipe Fittings in Pakistan

In value terms, plastics pipe and pipe fitting production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 48% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Pakistan

In 2022, the amount of plastics pipes and pipe fittings exported from Pakistan surged to X tons, increasing by 89% against the year before. In general, exports, however, saw a precipitous setback. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastics pipe and pipe fitting exports soared to $X in 2022. Over the period under review, exports, however, recorded a precipitous slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), the UK (X tons) and Afghanistan (X tons) were the main destinations of plastics pipe and pipe fitting exports from Pakistan, together accounting for 97% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +21.2%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for plastics pipe and pipe fitting exported from Pakistan were the UK ($X), the United Arab Emirates ($X) and Afghanistan ($X), with a combined 94% share of total exports.

The UK, with a CAGR of +31.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for plastics pipes and pipe fittings amounted to $X per ton, rising by 26% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastics pipe and pipe fitting export price increased by +71.2% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) 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 (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Pakistan

In 2022, after four years of growth, there was significant decline in purchases abroad of plastics pipes and pipe fittings, when their volume decreased by -24.8% to X tons. Over the period under review, imports, however, continue to indicate a notable increase. The growth pace was the most rapid in 2021 with an increase of 45%. As a result, imports attained the peak of X tons, and then fell markedly in the following year.

In value terms, plastics pipe and pipe fitting imports declined notably to $X in 2022. In general, imports, however, posted notable growth. The pace of growth was the most pronounced in 2015 when imports increased by 48% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastics pipe and pipe fitting to Pakistan, with a 55% share of total imports. Moreover, plastics pipe and pipe fitting imports from China exceeded the figures recorded by the second-largest supplier, Oman (X tons), fivefold. The third position in this ranking was held by the United Arab Emirates (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+22.8% per year) and the United Arab Emirates (-1.4% per year).

In value terms, China ($X) constituted the largest supplier of plastics pipes and pipe fittings to Pakistan, comprising 55% of total imports. The second position in the ranking was taken by Turkey ($X), with a 7.7% share of total imports. It was followed by the United Arab Emirates, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-6.6% per year) and the United Arab Emirates (-4.6% per year).

Import Prices by Country

In 2022, the average import price for plastics pipes and pipe fittings amounted to $X per ton, growing by 7.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 45% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :