Pakistan: Travel Set Market 2024

Travel Set Market Size in Pakistan

After three years of growth, the Pakistani travel set market decreased by -9.9% to $X in 2021. Over the period under review, consumption, however, saw a resilient increase. Travel set consumption peaked at $X in 2020, and then shrank in the following year.

Travel Set Production in Pakistan

In value terms, travel set production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2019 when the production volume increased by 109%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Travel Set Exports

Exports from Pakistan

In 2021, approx. X units of travel sets were exported from Pakistan; reducing by -67.7% against the previous year. Overall, exports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2013 with an increase of 595%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, travel set exports shrank remarkably to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2013 with an increase of 374%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Qatar (X units) was the main destination for travel set exports from Pakistan, with a 48% share of total exports. Moreover, travel set exports to Qatar exceeded the volume sent to the second major destination, Turkey (X units), threefold. The third position in this ranking was held by Hong Kong SAR (X units), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar amounted to +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+0.1% per year) and Hong Kong SAR (+0.9% per year).

In value terms, Qatar ($X), Hong Kong SAR ($X) and the United States ($X) appeared to be the largest markets for travel set exported from Pakistan worldwide, with a combined 56% share of total exports.

In terms of the main countries of destination, Qatar, with a CAGR of +36.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average travel set export price stood at $X per unit in 2021, picking up by 15% against the previous year. In general, the export price posted a strong increase. The growth pace was the most rapid in 2018 an increase of 52%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Travel Set Imports

Imports into Pakistan

In 2021, the amount of travel sets imported into Pakistan soared to X units, increasing by 97% on 2020. Overall, imports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 438%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, travel set imports reached $X in 2021. In general, imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2019 when imports increased by 287% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Nigeria (X units) constituted the largest supplier of travel set to Pakistan, with a 72% share of total imports. Moreover, travel set imports from Nigeria exceeded the figures recorded by the second-largest supplier, Indonesia (X units), more than tenfold. China (X units) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume from Nigeria amounted to +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+33.6% per year) and China (-10.4% per year).

In value terms, Nigeria ($X) constituted the largest supplier of travel sets to Pakistan, comprising 75% of total imports. The second position in the ranking was taken by China ($X), with a 4% share of total imports. It was followed by the Netherlands, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value from Nigeria totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.4% per year) and the Netherlands (-19.1% per year).

Import Prices by Country

The average travel set import price stood at $X per unit in 2021, shrinking by -49.1% against the previous year. Overall, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 61%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Canada ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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