Pakistan: Safes And Strongboxes Market 2025

Safes And Strongboxes Market Size in Pakistan

The Pakistani safes and strongboxes market surged to $X in 2021, with an increase of 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a prominent expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Safes And Strongboxes Exports

Exports from Pakistan

In 2021, overseas shipments of safes, strongboxes and doors of base metal were finally on the rise to reach X kg after four years of decline. Overall, exports, however, recorded a abrupt decline. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, safes and strongboxes exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Uganda (X kg) was the main destination for safes and strongboxes exports from Pakistan, with a 62% share of total exports. Moreover, safes and strongboxes exports to Uganda exceeded the volume sent to the second major destination, Mozambique (X kg), threefold. The third position in this ranking was taken by Qatar (X kg), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uganda stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (-25.6% per year) and Qatar (+18.3% per year).

In value terms, Mozambique ($X), Uganda ($X) and Sudan ($X) appeared to be the largest markets for safes and strongboxes exported from Pakistan worldwide, together accounting for 92% of total exports.

In terms of the main countries of destination, Uganda, with a CAGR of -2.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average safes and strongboxes export price amounted to $X per ton, picking up by 47% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Qatar ($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 Mozambique (+17.1%), while the prices for the other major destinations experienced a decline.

Safes And Strongboxes Imports

Imports into Pakistan

In 2021, the amount of safes, strongboxes and doors of base metal imported into Pakistan expanded to X tons, surging by 1.6% on the year before. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 86%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, safes and strongboxes imports soared to $X in 2021. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 48% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest safes and strongboxes supplier to Pakistan, accounting for a 83% share of total imports. Moreover, safes and strongboxes imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by Malaysia (X tons), with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.1% per year) and Malaysia (+54.4% per year).

In value terms, China ($X) constituted the largest supplier of safes, strongboxes and doors of base metal to Pakistan, comprising 80% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.3% share of total imports. It was followed by Malaysia, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+30.4% per year) and Malaysia (+42.3% per year).

Import Prices by Country

In 2021, the average safes and strongboxes import price amounted to $X per ton, jumping by 40% against the previous year. In general, the import price, however, saw a mild decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 66%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Germany ($X per ton), while the price for Thailand ($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 (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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