Pakistan: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in Pakistan

The Pakistani plaits and basketwork market reached $X in 2022, with an increase of X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Plaits and basketwork consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Plaits And Basketwork Production in Pakistan

In value terms, plaits and basketwork production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plaits And Basketwork Exports

Exports from Pakistan

Plaits and basketwork exports from Pakistan reduced rapidly to X tons in 2022, which is down by X% on the previous year's figure. In general, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, plaits and basketwork exports shrank dramatically to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for plaits and basketwork exports from Pakistan, with a X% share of total exports. Moreover, plaits and basketwork exports to the United Arab Emirates exceeded the volume sent to the second major destination, the United States (X tons), twofold. Saudi Arabia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Saudi Arabia (X% per year).

In value terms, the largest markets for plaits and basketwork exported from Pakistan were the United Arab Emirates ($X), the United States ($X) and Saudi Arabia ($X), together comprising X% of total exports. Kuwait, Qatar, Oman, Iraq and Afghanistan lagged somewhat behind, together comprising a further X%.

Oman, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average plaits and basketwork export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price continues to indicate a noticeable reduction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Plaits And Basketwork Imports

Imports into Pakistan

In 2022, supplies from abroad of plaits, basketwork, wickerwork and similar products of plaiting materials increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plaits and basketwork imports reached $X in 2022. In general, imports saw a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Afghanistan (X tons), China (X tons) and the United Arab Emirates (X kg) were the main suppliers of plaits and basketwork imports to Pakistan, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Afghanistan (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Afghanistan ($X), China ($X) and the United Arab Emirates ($X) constituted the largest plaits and basketwork suppliers to Pakistan, together comprising X% of total imports.

Afghanistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average plaits and basketwork import price amounted to $X per ton, which is down by X% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plaits and basketwork import price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then dropped remarkably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Afghanistan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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