Report Update: May 1, 2024

Pakistan - Table, Kitchen Or Household Articles And Parts Of Iron - Market Analysis, Forecast, Size, Trends And Insights

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Iron Household Articles Price in Pakistan - 2023

Iron Household Articles Price in Pakistan (CIF) - 2023

The average iron household articles import price stood at $2,811 per ton in February 2023, growing by 18% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. Over the period under review, average import prices attained the peak figure at $2,820 per ton in October 2022; afterwards, it flattened through to February 2023.

Average prices varied somewhat amongst the major supplying countries. In February 2023, the countries with the highest prices were China ($3,025 per ton) and the United Arab Emirates ($2,943 per ton), while the price for the UK ($2,310 per ton) and the United States ($2,446 per ton) were amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Iron Household Articles Price in Pakistan (FOB) - 2022

In 2022, the average iron household articles export price amounted to $3,766 per ton, picking up by 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 34% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($4,766 per ton), while the average price for exports to the United Arab Emirates ($2,200 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 Italy (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports in Pakistan

Iron household articles imports into Pakistan reduced sharply to 994 tons in 2022, dropping by -33.9% against 2021. Over the period under review, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, imports reached the peak of 1.5K tons, and then reduced remarkably in the following year.

In value terms, iron household articles imports plummeted to $2.5M in 2022. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year.

Import of Iron Household Articles in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,869	867	1,700	1,227	-13.1%
United Arab Emirates	623	1,089	795	659	1.9%
United Kingdom	620	348	221	293	-22.1%
United States	183	58.1	130	93.8	-20.0%
Others	235	124	264	188	-7.2%
Total	3,530	2,486	3,110	2,460	-11.3%

Top Suppliers of Iron Household Articles to Pakistan in 2022:

United Arab Emirates (560.1 tons)
China (292.0 tons)
United Kingdom (66.4 tons)
United States (29.4 tons)

Iron Household Articles Exports in Pakistan

In 2022, shipments abroad of table, kitchen or household articles and parts of iron decreased by -18.8% to 481 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 52%.

In value terms, iron household articles exports fell slightly to $1.8M in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 61%. As a result, the exports attained the peak of $1.9M, and then contracted slightly in the following year.

Export of Iron Household Articles in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	144	255	616	599	60.8%
United States	275	340	425	414	14.6%
United Arab Emirates	210	213	120	192	-2.9%
Italy	2.6	2.4	172	167	300.5%
South Africa	51.2	12.2	101	97.7	24.0%
Australia	39.2	34.2	54.6	53.1	10.6%
Oman	2.2	24.6	51.9	50.4	184.0%
Canada	39.4	59.7	17.4	41.6	1.8%
Others	176	212	299	195	3.5%
Total	940	1,152	1,857	1,811	24.4%

Top Export Markets for Iron Household Articles from Pakistan in 2022:

United Kingdom (149.1 tons)
United Arab Emirates (87.4 tons)
United States (86.8 tons)
Italy (36.5 tons)
South Africa (24.9 tons)
Oman (11.8 tons)
Australia (11.6 tons)
Canada (11.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the iron household articles 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 25991245 - Table, kitchen or household articles and parts thereof of iron other than cast iron, or steel other than stainless (excl. enamelled)

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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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