Pakistan: Flat Glass Market 2024

Flat Glass Market Size in Pakistan

In 2021, after two years of growth, there was significant decline in the Pakistani flat glass market, when its value decreased by -8.3% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Flat glass consumption peaked at $X in 2020, and then reduced in the following year.

Flat Glass Production in Pakistan

In value terms, flat glass production declined to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 42%. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

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Flat Glass Exports

Exports from Pakistan

In 2021, the amount of flat glass exported from Pakistan surged to X tons, jumping by 26% on the previous year. In general, exports showed a modest increase. The pace of growth appeared the most rapid in 2014 when exports increased by 160%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, flat glass exports skyrocketed to $X in 2021. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by 145% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Afghanistan (X tons), Sri Lanka (X tons) and Kenya (X tons) were the main destinations of flat glass exports from Pakistan, with a combined 62% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Kenya (with a CAGR of +436.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X) remains the key foreign market for flat glass exports from Pakistan, comprising 30% of total exports. The second position in the ranking was taken by Kenya ($X), with an 11% share of total exports. It was followed by Afghanistan, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Sri Lanka totaled +59.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+323.2% per year) and Afghanistan (-12.4% per year).

Export Prices by Country

The average flat glass export price stood at $X per ton in 2021, rising by 18% against the previous year. Over the period under review, the export price enjoyed a strong increase. The growth pace was the most rapid in 2020 when the average export price increased by 69%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was South Africa ($X per ton), while the average price for exports to Afghanistan ($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 Chile (+104.5%), while the prices for the other major destinations experienced more modest paces of growth.

Flat Glass Imports

Imports into Pakistan

In 2021, after two years of decline, there was significant growth in supplies from abroad of flat glass, when their volume increased by 90% to X tons. Overall, imports, however, saw a deep setback. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, flat glass imports surged to $X in 2021. Over the period under review, imports, however, saw a deep reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Iran (X tons) were the main suppliers of flat glass imports to Pakistan, with a combined 64% share of total imports. Saudi Arabia, Thailand, Malaysia and Indonesia lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +25.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of flat glass to Pakistan, comprising 34% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-12.5% per year) and Saudi Arabia (+1.1% per year).

Import Prices by Country

The average flat glass import price stood at $X per ton in 2021, falling by -22.6% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flat glass import price decreased by -34.7% against 2018 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 22% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Indonesia ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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