Pakistan: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Pakistan

After two years of growth, the Pakistani cellulose fibrecement sheet market decreased by -1.7% to $X in 2022. Overall, consumption showed a pronounced reduction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Cellulose Fibrecement Sheet Production in Pakistan

In value terms, cellulose fibrecement sheet production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2013 when the production volume increased by 32% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Cellulose Fibrecement Sheet Exports

Exports from Pakistan

In 2020, after two years of decline, there was significant decline in shipments abroad of sheets, panels and tiles of cellulose fibrecement, when their volume decreased by -6.8% to X tons. In general, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 353% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2020, the exports stood at a somewhat lower figure.

In value terms, cellulose fibrecement sheet exports declined notably to $X in 2020. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2014 when exports increased by 372%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Djibouti (X tons) was the main destination for cellulose fibrecement sheet exports from Pakistan, accounting for a 95% share of total exports. Moreover, cellulose fibrecement sheet exports to Djibouti exceeded the volume sent to the second major destination, Oman (X tons), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume to Djibouti was relatively modest.

In value terms, Djibouti ($X) emerged as the key foreign market for sheets, panels and tiles of cellulose fibrecement exports from Pakistan, comprising 92% of total exports. The second position in the ranking was taken by Oman ($X), with an 8.1% share of total exports.

From 2012 to 2020, the average annual growth rate of value to Djibouti was relatively modest.

Export Prices by Country

The average cellulose fibrecement sheet export price stood at $X per ton in 2020, waning by -13.1% against the previous year. Over the period under review, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 55%. The export price peaked at $X per ton in 2014; however, from 2015 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Djibouti stood at $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-9.0%), while the prices for the other major destinations experienced a decline.

Cellulose Fibrecement Sheet Imports

Imports into Pakistan

Cellulose fibrecement sheet imports into Pakistan declined notably to X tons in 2022, reducing by -26.7% compared with 2021. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 253%. As a result, imports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, cellulose fibrecement sheet imports shrank significantly to $X in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 300%. Over the period under review, imports attained the maximum at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest cellulose fibrecement sheet supplier to Pakistan, accounting for a 63% share of total imports. Moreover, cellulose fibrecement sheet imports from Vietnam exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam totaled +59.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+105.7% per year) and Thailand (+6.1% per year).

In value terms, Vietnam ($X) constituted the largest supplier of sheets, panels and tiles of cellulose fibrecement to Pakistan, comprising 55% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 23% share of total imports. It was followed by Thailand, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam stood at +60.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+136.5% per year) and Thailand (+13.0% per year).

Import Prices by Country

The average cellulose fibrecement sheet import price stood at $X per ton in 2022, standing approx. at the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cellulose fibrecement sheet import price decreased by -1.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Sri Lanka ($X per ton) and China ($X per ton), while the price for Vietnam ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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