Pakistan: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Pakistan

The Pakistani propylene polymer rigid pipes market expanded remarkably to $X in 2022, picking up by 14% against the previous year. Over the period under review, consumption enjoyed resilient growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Pakistan

In value terms, propylene polymer rigid pipes production rose significantly to $X in 2022 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -11.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 79%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Pakistan

In 2022, after three years of decline, there was growth in shipments abroad of rigid tubes, pipes and hoses of polymers of propylene, when their volume increased by 3.2% to X tons. Over the period under review, exports, however, recorded a significant contraction. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, propylene polymer rigid pipes exports rose modestly to $X in 2022. In general, exports, however, saw a dramatic shrinkage. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for propylene polymer rigid pipes exports from Pakistan, accounting for a approx. 50% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Afghanistan totaled -40.7%.

In value terms, Afghanistan ($X) also remains the key foreign market for rigid tubes, pipes and hoses of polymers of propylene exports from Pakistan.

From 2012 to 2022, the average annual growth rate of value to Afghanistan amounted to -38.9%.

Export Prices by Country

In 2022, the average propylene polymer rigid pipes export price amounted to $X per ton, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2019 an increase of 19%. The export price peaked at $X per ton in 2021, and then declined modestly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to +3.2% per year.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Pakistan

In 2022, overseas purchases of rigid tubes, pipes and hoses of polymers of propylene increased by 77% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 104% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, propylene polymer rigid pipes imports skyrocketed to $X in 2022. In general, imports, however, recorded a drastic downturn. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main suppliers of propylene polymer rigid pipes imports to Pakistan, together comprising 45% of total imports. Germany, the UK and Italy lagged somewhat behind, together comprising a further 4.6%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +29.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest propylene polymer rigid pipes suppliers to Pakistan were China ($X), Turkey ($X) and the United Arab Emirates ($X), together accounting for 43% of total imports. Germany, the UK and Italy lagged somewhat behind, together comprising a further 7.2%.

Germany, with a CAGR of +27.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average propylene polymer rigid pipes import price stood at $X per ton in 2022, surging by 2.3% against the previous year. In general, the import price enjoyed a mild increase. The pace of growth appeared the most rapid in 2014 an increase of 55%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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