Pakistan: Prisms And Mirrors Market 2024

Prisms And Mirrors Market Size in Pakistan

The Pakistani prisms and mirrors market rose sharply to $X in 2022, picking up by 9.2% against the previous year. Overall, consumption showed a strong expansion. Prisms and mirrors consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Prisms And Mirrors Production in Pakistan

In value terms, prisms and mirrors production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a resilient increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 59%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Prisms And Mirrors Exports

Exports from Pakistan

In 2022, approx. X kg of prisms and mirrors were exported from Pakistan; with an increase of 11% on the year before. Overall, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 86% against the previous year. As a result, the exports reached the peak of X kg. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, prisms and mirrors exports skyrocketed to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 734% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg), the UK (X kg) and Oman (X kg) were the main destinations of prisms and mirrors exports from Pakistan, together comprising 48% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for prisms and mirrors exports from Pakistan, comprising 54% of total exports. The second position in the ranking was held by the UK ($X), with a 26% share of total exports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+18.6% per year) and China (+6.2% per year).

Export Prices by Country

The average prisms and mirrors export price stood at $X per ton in 2022, rising by 27% against the previous year. In general, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 408% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa ($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 Canada (+34.6%), while the prices for the other major destinations experienced more modest paces of growth.

Prisms And Mirrors Imports

Imports into Pakistan

Prisms and mirrors imports into Pakistan soared to X tons in 2022, growing by 72% compared with the year before. Overall, imports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 320% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, prisms and mirrors imports shrank dramatically to $X in 2022. In general, imports saw a significant expansion. The growth pace was the most rapid in 2019 with an increase of 710%. Over the period under review, imports hit record highs at $X in 2021, and then fell significantly in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest prisms and mirrors supplier to Pakistan, accounting for a 53% share of total imports. Moreover, prisms and mirrors imports from Malaysia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by China (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia totaled +102.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+156.4% per year) and China (+73.1% per year).

In value terms, China ($X) constituted the largest supplier of prisms and mirrors to Pakistan, comprising 40% of total imports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total imports. It was followed by France, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +98.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+115.9% per year) and France (+31.9% per year).

Import Prices by Country

The average prisms and mirrors import price stood at $X per ton in 2022, with a decrease of -58% against the previous year. Overall, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of 126%. The import price peaked at $X per ton in 2012; however, from 2013 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 France ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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