Pakistan: Plastic Bag Market 2024

Plastic Bag Market Size in Pakistan

The Pakistani plastic bag market surged to $X in 2022, picking up by 20% against the previous year. In general, consumption recorded a buoyant expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Plastic Bag Production in Pakistan

In value terms, plastic bag production soared to $X in 2022 estimated in export price. Overall, production enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 142% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Plastic Bag Exports

Exports from Pakistan

In 2022, the amount of plastic sacks and bags exported from Pakistan surged to X tons, jumping by 25% on 2021 figures. In general, exports, however, faced a precipitous decline. The most prominent rate of growth was recorded in 2019 when exports increased by 1,692%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic bag exports soared to $X in 2022. Over the period under review, exports, however, saw a sharp decrease. The pace of growth was the most pronounced in 2019 when exports increased by 1,289% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for plastic bag exports from Pakistan, with a 34% share of total exports. Moreover, plastic bag exports to Afghanistan exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was held by Saudi Arabia (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Afghanistan stood at -28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-22.7% per year) and Saudi Arabia (+28.9% per year).

In value terms, Saudi Arabia ($X), Afghanistan ($X) and the United Arab Emirates ($X) appeared to be the largest markets for plastic bag exported from Pakistan worldwide, together comprising 52% of total exports. India, the UK, Greece, the United States, the Netherlands, Qatar, Belgium and the Philippines lagged somewhat behind, together accounting for a further 39%.

Greece, with a CAGR of +47.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic bag export price stood at $X per ton in 2022, jumping by 38% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the Philippines ($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 (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Bag Imports

Imports into Pakistan

In 2022, purchases abroad of plastic sacks and bags increased by 21% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 83%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, plastic bag imports rose modestly to $X in 2022. In general, imports, however, showed a mild descent. The pace of growth was the most pronounced in 2013 when imports increased by 64%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest plastic bag supplier to Pakistan, with a 59% share of total imports. Moreover, plastic bag imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), eightfold. Turkey (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+6.3% per year) and Turkey (+10.3% per year).

In value terms, China ($X) constituted the largest supplier of plastic sacks and bags to Pakistan, comprising 39% of total imports. The second position in the ranking was taken by Turkey ($X), with a 9.9% share of total imports. It was followed by the United Arab Emirates, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.6% per year) and the United Arab Emirates (+6.9% per year).

Import Prices by Country

The average plastic bag import price stood at $X per ton in 2022, falling by -13.5% against the previous year. Over the period under review, the import price recorded a mild descent. The growth pace was the most rapid in 2014 an increase of 37% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 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 Oman ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :