Pakistan: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Pakistan

The Pakistani plastic household ware market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, recorded a abrupt decrease. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Plastic Household Ware Production in Pakistan

In value terms, plastic household ware production surged to $X in 2021 estimated in export price. In general, production, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 56%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Plastic Household Ware Exports

Exports from Pakistan

Plastic household ware exports from Pakistan soared to X tons in 2021, picking up by 37% against 2020. Overall, exports, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 88% 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, plastic household ware exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 119% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for plastic household ware exports from Pakistan, with a 78% share of total exports. Moreover, plastic household ware exports to Afghanistan exceeded the volume sent to the second major destination, the United States (X tons), eightfold. Jordan (X tons) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to Afghanistan amounted to -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+70.1% per year) and Jordan (+29.4% per year).

In value terms, Afghanistan ($X) remains the key foreign market for plastics household articles and toilet articles exports from Pakistan, comprising 57% of total exports. The second position in the ranking was taken by the United States ($X), with a 21% share of total exports. It was followed by the UK, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to Afghanistan amounted to -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+69.0% per year) and the UK (+11.1% per year).

Export Prices by Country

In 2021, the average plastic household ware export price amounted to $X per ton, growing by 34% against the previous year. In general, the export price, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2013 an increase of 50% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Afghanistan ($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 UK (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Household Ware Imports

Imports into Pakistan

Plastic household ware imports into Pakistan contracted sharply to X tons in 2021, shrinking by -27.4% on the previous year's figure. In general, imports, however, saw a measured expansion. The growth pace was the most rapid in 2014 with an increase of 117%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, plastic household ware imports reduced rapidly to $X in 2021. Over the period under review, imports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2014 with an increase of 128%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest plastic household ware supplier to Pakistan, with a 78% share of total imports. Moreover, plastic household ware imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.4% per year) and Taiwan (Chinese) (+16.8% per year).

In value terms, the United Arab Emirates ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest plastic household ware suppliers to Pakistan, with a combined 81% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +16.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average plastic household ware import price amounted to $X per ton, picking up by 6.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 15% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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