Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Pakistan - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Pakistan (FOB) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Pakistan (CIF) - 2022
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Pakistan
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Pakistan
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Pakistan (FOB) - 2022
In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $37 per unit, rising by 5.5% against the previous year. In general, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 22%. Over the period under review, the average export prices hit record highs at $74 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($85 per unit), while the average price for exports to Afghanistan ($22 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+1.9%), while the prices for the other major destinations experienced a decline.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Pakistan (CIF) - 2022
In 2022, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $18 per unit, with an increase of 11% against the previous year. Over the period under review, the import price, however, faced a abrupt descent. The pace of growth appeared the most rapid in 2014 an increase of 16%. The import price peaked at $115 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($51 per unit), while the price for China ($16 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-8.3%), while the prices for the other major suppliers experienced a decline.
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Pakistan
In 2022, exports of furniture; wooden, other than for office, kitchen or bedroom use from Pakistan shrank to 61K units, which is down by -14.3% on 2021. The total export volume increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of 71K units, and then fell in the following year.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use fell to $2.2M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 57% against the previous year. As a result, the exports reached the peak of $2.5M, and then shrank in the following year.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 501 | 463 | 791 | 908 | 21.9% |
| United Kingdom | 228 | 246 | 249 | 315 | 11.4% |
| Oman | 81.2 | 32.4 | 251 | 179 | 30.1% |
| Canada | 173 | 49.0 | 141 | 128 | -9.6% |
| Saudi Arabia | 70.6 | 54.6 | 18.3 | 97.3 | 11.3% |
| Malaysia | 57.9 | 32.8 | 15.5 | 51.8 | -3.6% |
| Qatar | 50.6 | 25.3 | 146 | 48.0 | -1.7% |
| United Arab Emirates | 166 | 272 | 226 | 45.1 | -35.2% |
| Germany | 9.4 | 3.7 | 20.2 | 44.8 | 68.3% |
| Kenya | 15.0 | 77.5 | 22.9 | 37.4 | 35.6% |
| Bahrain | 5.9 | 47.3 | 39.5 | 30.0 | 72.0% |
| Belgium | 30.8 | 0.5 | 40.5 | 25.6 | -6.0% |
| Kuwait | 60.1 | 27.1 | 29.5 | 4.2 | -58.8% |
| Others | 410 | 233 | 466 | 307 | -9.2% |
| Total | 1,860 | 1,564 | 2,457 | 2,221 | 6.1% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Pakistan in 2022:
- United States (21.0K units)
- United Kingdom (12.0K units)
- Oman (7.7K units)
- Canada (3.6K units)
- Qatar (1.7K units)
- Saudi Arabia (1.6K units)
- Malaysia (1.6K units)
- United Arab Emirates (1.4K units)
- Kenya (1.2K units)
- Belgium (1.1K units)
- Germany (1.0K units)
- Bahrain (0.5K units)
- Kuwait (0.1K units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Pakistan
In 2022, after three years of growth, there was significant decline in purchases abroad of furniture; wooden, other than for office, kitchen or bedroom use, when their volume decreased by -31.8% to 51K units. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 18%. As a result, imports attained the peak of 74K units, and then contracted markedly in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use plummeted to $927K in 2022. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. Imports peaked at $1.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,029 | 903 | 921 | 583 | -17.3% |
| United Arab Emirates | 90.3 | 15.0 | 9.7 | 109 | 6.5% |
| Vietnam | 20.8 | 39.6 | 47.8 | 69.8 | 49.7% |
| Germany | 198 | 26.9 | 21.7 | 49.0 | -37.2% |
| Turkey | 82.8 | 75.2 | 129 | 47.3 | -17.0% |
| South Korea | 3.3 | 0.5 | 2.8 | 18.5 | 77.6% |
| Italy | 39.3 | 30.2 | 30.8 | 14.4 | -28.4% |
| Morocco | 168 | N/A | N/A | N/A | 0% |
| Others | 103 | 14.5 | 65.7 | 35.4 | -30.0% |
| Total | 1,735 | 1,105 | 1,228 | 927 | -18.9% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Pakistan in 2022:
- China (36.6K units)
- United Arab Emirates (5.8K units)
- Turkey (2.2K units)
- Vietnam (2.2K units)
- South Korea (1.1K units)
- Germany (1.0K units)
- Italy (0.7K units)
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