Pakistan: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Pakistan

In 2021, after three years of growth, there was significant decline in the Pakistani cement prefabricated structural components market, when its value decreased by -14.8% to $X. In general, consumption, however, continues to indicate strong growth. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Pakistan

In value terms, cement prefabricated structural components production dropped dramatically to $X in 2021 estimated in export price. Overall, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 43%. As a result, production attained the peak level of $X, and then contracted markedly in the following year.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from Pakistan

In 2021, overseas shipments of prefabricated structural components of cement, concrete or artificial stone increased by 73% to X tons, rising for the fourth year in a row after five years of decline. Over the period under review, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2018 when exports increased by 140%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cement prefabricated structural components exports soared to $X in 2021. Overall, exports, however, faced a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 32% 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

The UK (X tons) was the main destination for cement prefabricated structural components exports from Pakistan, accounting for a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +1.5%.

In value terms, the UK ($X) also remains the key foreign market for prefabricated structural components of cement, concrete or artificial stone exports from Pakistan.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

In 2021, the average cement prefabricated structural components export price amounted to $X per ton, declining by -23.4% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 65%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for Afghanistan amounted to +3.8% per year.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into Pakistan

In 2021, imports of prefabricated structural components of cement, concrete or artificial stone into Pakistan surged to X tons, jumping by 90% compared with the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 178% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cement prefabricated structural components imports declined to $X in 2021. In general, imports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 215%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Portugal (X tons) and the United States (X tons) were the main suppliers of cement prefabricated structural components imports to Pakistan, together comprising 74% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of 0.0%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of prefabricated structural components of cement, concrete or artificial stone to Pakistan, comprising 77% of total imports. The second position in the ranking was held by Portugal ($X), with an 8.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (0.0% per year) and the United States (-18.5% per year).

Import Prices by Country

The average cement prefabricated structural components import price stood at $X per ton in 2021, waning by -53.8% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 125% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a 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 China ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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