Pakistan: Drawing Board Market 2024

Drawing Board Market Size in Pakistan

The Pakistani drawing board market expanded slightly to $X in 2022, growing by 2.2% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Drawing Board Production in Pakistan

In value terms, drawing board production rose to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 -1.7% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 67% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Drawing Board Exports

Exports from Pakistan

In 2022, after two years of decline, there was significant growth in shipments abroad of slates and boards with writing or drawing surfaces, when their volume increased by 58% to X units. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 869% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, drawing board exports soared to $X in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2015 when exports increased by 780%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for drawing board exports from Pakistan, accounting for a 88% share of total exports. Moreover, drawing board exports to the United Arab Emirates exceeded the volume sent to the second major destination, Zambia (X units), more than tenfold. Canada (X units) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +58.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+31.1% per year) and Canada (+39.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for slates and boards with writing or drawing surfaces exports from Pakistan, comprising 84% of total exports. The second position in the ranking was held by Zambia ($X), with a 9.3% share of total exports. It was followed by Canada, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +69.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+21.8% per year) and Canada (+38.9% per year).

Export Prices by Country

The average drawing board export price stood at $X per unit in 2022, picking up by 21% against the previous year. In general, the export price, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 22% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+7.1%), while the prices for the other major destinations experienced a decline.

Drawing Board Imports

Imports into Pakistan

In 2022, after three years of decline, there was significant growth in overseas purchases of slates and boards with writing or drawing surfaces, when their volume increased by 34% to X units. In general, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 124%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, drawing board imports soared to $X in 2022. Overall, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 110%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of drawing board to Pakistan, with a approx. 93% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +8.1%.

In value terms, China ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to Pakistan.

From 2012 to 2022, the average annual growth rate of value from China totaled +14.2%.

Import Prices by Country

In 2022, the average drawing board import price amounted to $X per unit, increasing by 7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 28%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +5.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :