Pakistan: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Pakistan

The Pakistani market for equipment for scaffolding, shuttering, propping or pit propping rose markedly to $X in 2023, with an increase of X% against the previous year. In general, consumption enjoyed resilient growth. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Pakistan

In value terms, scaffolding, shuttering, and propping equipment production rose sharply to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Pakistan

In 2023, overseas shipments of equipment for scaffolding, shuttering, propping or pit propping increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports skyrocketed to $X in 2023. Over the period under review, exports enjoyed a mild increase. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for scaffolding, shuttering, and propping equipment exports from Pakistan, with a X% share of total exports. Moreover, scaffolding, shuttering, and propping equipment exports to Singapore exceeded the volume sent to the second major destination, Saudi Arabia (X tons), ninefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Kuwait (X% per year).

In value terms, Singapore ($X) remains the key foreign market for equipment for scaffolding, shuttering, propping or pit propping exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2023, the average export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, posted a prominent expansion. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then fell remarkably in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced a decline.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Pakistan

In 2023, after two years of growth, there was significant decline in supplies from abroad of equipment for scaffolding, shuttering, propping or pit propping, when their volume decreased by X% to X tons. Over the period under review, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports contracted markedly to $X in 2023. In general, imports recorded a noticeable descent. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons) and China (X tons) were the main suppliers of scaffolding, shuttering, and propping equipment imports to Pakistan.

From 2012 to 2023, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%).

In value terms, the United Arab Emirates ($X) and China ($X) constituted the largest scaffolding, shuttering, and propping equipment suppliers to Pakistan.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2023, the average import price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated strong growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform