Pakistan: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Pakistan

In 2021, the Pakistani market for plastic plates, sheets, film, foil and strip increased by 19% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, showed a relatively flat trend pattern. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Plastic Plates, Sheets, Film, Foil And Strip in Pakistan

In value terms, production of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a mild shrinkage. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Pakistan

For the third consecutive year, Pakistan recorded growth in shipments abroad of plastic plates, sheets, film, foil and strip, which increased by 18% to X tons in 2021. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 168%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, exports of plastic plates, sheets, film, foil and strip surged to $X in 2021. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 140% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Canada (X tons) was the main destination for exports of plastic plates, sheets, film, foil and strip from Pakistan, with a 31% share of total exports. Moreover, exports of plastic plates, sheets, film, foil and strip to Canada exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to +204.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+82.1% per year) and the United Arab Emirates (+40.3% per year).

In value terms, Canada ($X), the United States ($X) and Sri Lanka ($X) appeared to be the largest markets for plastic plate, sheet, film, foil and strip exported from Pakistan worldwide, together comprising 56% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +186.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, picking up by 18% against the previous year. Overall, the export price, however, saw a noticeable setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, 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 South Africa (+0.9%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Pakistan

In 2021, overseas purchases of plastic plates, sheets, film, foil and strip increased by 56% to X tons, rising for the fourth consecutive year after five years of decline. Over the period under review, imports saw a slight expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic plates, sheets, film, foil and strip surged to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest plastic plate, sheet, film, foil and strip supplier to Pakistan, accounting for a 58% share of total imports. Moreover, imports of plastic plates, sheets, film, foil and strip from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), sevenfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+68.5% per year) and the United Arab Emirates (-13.7% per year).

In value terms, China ($X) constituted the largest supplier of plastic plates, sheets, film, foil and strip to Pakistan, comprising 49% of total imports. The second position in the ranking was held by Sweden ($X), with an 11% share of total imports. It was followed by Thailand, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+73.1% per year) and Thailand (+1.4% per year).

Import Prices by Country

In 2021, the average import price for plastic plates, sheets, film, foil and strip amounted to $X per ton, reducing by -11% against the previous year. Over the period under review, the import price, however, saw a mild expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat 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 Indonesia ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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