Report Update Nov 1, 2024

Pakistan - Slag Wool, Rock Wool and Similar Mineral Wools and Mixtures - Market Analysis, Forecast, Size, Trends and Insights

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Pakistan: Mineral Wool Market 2024

Mineral Wool Market Size in Pakistan

After three years of decline, the Pakistani mineral wool market increased by 176% to $X in 2021. In general, consumption showed prominent growth. Mineral wool consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Mineral Wool Exports

Exports from Pakistan

In 2021, shipments abroad of slag wool, rock wool and similar mineral wools and mixtures decreased by -15.5% to X tons, falling for the third consecutive year after four years of growth. In general, exports saw a noticeable curtailment. The growth pace was the most rapid in 2015 with an increase of 105% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, mineral wool exports reduced slightly to $X in 2021. Overall, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2015 when exports increased by 172%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania (X tons) was the main destination for mineral wool exports from Pakistan, accounting for a 68% share of total exports. Moreover, mineral wool exports to Tanzania exceeded the volume sent to the second major destination, Afghanistan (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tanzania totaled +107.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-14.9% per year) and the United Arab Emirates (-10.9% per year).

In value terms, Tanzania ($X), Afghanistan ($X) and the United Arab Emirates ($X) were the largest markets for mineral wool exported from Pakistan worldwide.

Tanzania, with a CAGR of +121.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average mineral wool export price amounted to $X per ton, picking up by 18% against the previous year. In general, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 33% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

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 Afghanistan ($X per ton), while the average price for exports to the United Arab Emirates ($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 Afghanistan (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mineral Wool Imports

Imports into Pakistan

In 2021, supplies from abroad of slag wool, rock wool and similar mineral wools and mixtures was finally on the rise to reach X tons after three years of decline. Over the period under review, imports saw noticeable growth. The pace of growth was the most pronounced in 2014 when imports increased by 427%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, mineral wool imports skyrocketed to $X in 2021. Overall, imports saw a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 496% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of mineral wool to Pakistan, with a 72% share of total imports. Moreover, mineral wool imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+27.2% per year) and the United States (+6.8% per year).

In value terms, China ($X) constituted the largest supplier of slag wool, rock wool and similar mineral wools and mixtures to Pakistan, comprising 88% of total imports. The second position in the ranking was held by Malaysia ($X), with a 1.7% share of total imports. It was followed by the United States, with a 1.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+11.7% per year) and the United States (-7.4% per year).

Import Prices by Country

The average mineral wool import price stood at $X per ton in 2021, jumping by 58% against the previous year. Overall, the import price continues to indicate a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of mineral wool consumption in 2020 were China, the United States and India, with a combined 55% share of global consumption.

What are the largest producers of slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of mineral wool production in 2020 were China, the United States and India, with a combined 55% share of global production. Japan, Russia, Mexico, South Korea, Germany, Spain and Thailand lagged somewhat behind, together comprising a further 24%.

What are the leading suppliers of slag wool, rock wool and similar mineral wools and mixtures to Pakistan?

In value terms, China constituted the largest supplier of mineral wool to Pakistan, comprising 69% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 12% share of total imports. It was followed by the Netherlands, with an 11% share.

What are the leading importers of slag wool, rock wool and similar mineral wools and mixtures from Pakistan?

In value terms, Tanzania $920), Afghanistan $880) and the United Arab Emirates $8) constituted the largest markets for mineral wool exported from Pakistan worldwide.

What is the average export price for slag wool, rock wool and similar mineral wools and mixtures in Pakistan?

The average mineral wool export price stood at $2,324 per ton in 2020, declining by -24.6% against the previous year.

What is the average import price for slag wool, rock wool and similar mineral wools and mixtures in Pakistan?

The average mineral wool import price stood at $1,786 per ton in 2020, reducing by -3% against the previous year.

This report provides an in-depth analysis of the mineral wool market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23991910 - Slag wool, rock wool and similar mineral wools and mixtures thereof, in bulk, sheets or rolls

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023