Pakistan: Sandstone Market 2024

Sandstone Market Size in Pakistan

In 2022, the Pakistani sandstone market increased by 0.3% to $X, rising for the second consecutive year after four years of decline. Overall, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sandstone Production in Pakistan

In value terms, sandstone production shrank to $X in 2022 estimated in export price. In general, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 18% against the previous year. Sandstone production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sandstone Exports

Exports from Pakistan

In 2022, sandstone exports from Pakistan declined remarkably to X tons, dropping by -56.5% on the previous year's figure. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 231% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, sandstone exports reduced notably to $X in 2022. In general, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 269%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for sandstone exports from Pakistan, with a 58% share of total exports. Moreover, sandstone exports to the United Arab Emirates exceeded the volume sent to the second major destination, South Korea (X tons), threefold. China (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +25.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+11.2% per year) and China (-18.5% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for sandstone exports from Pakistan, comprising 46% of total exports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total exports. It was followed by the UK, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+3.0% per year) and the UK (+16.9% per year).

Export Prices by Country

In 2022, the average sandstone export price amounted to $X per ton, increasing by 12% against the previous year. In general, the export price, however, recorded a perceptible decline. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to South Korea ($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 the UK (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sandstone Imports

Imports into Pakistan

In 2022, approx. X tons of sandstone were imported into Pakistan; growing by 5.8% compared with the previous year. In general, imports, however, recorded a mild slump. The most prominent rate of growth was recorded in 2015 when imports increased by 272% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, sandstone imports reached $X in 2022. Overall, imports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2015 when imports increased by 230% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of sandstone imports to Pakistan, with a combined 99% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +89.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, India ($X), the United Arab Emirates ($X) and China ($X) constituted the largest sandstone suppliers to Pakistan, with a combined 97% share of total imports.

The United Arab Emirates, with a CAGR of +28.0%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 sandstone import price stood at $X per ton in 2022, flattening at the previous year. Overall, the import price recorded a noticeable decrease. The growth pace was the most rapid in 2016 an increase of 36%. Over the period under review, average import prices hit record highs 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 India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+55.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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