Abrasives Market Overview in Pakistan
In value terms, abrasives production shrank to $ in 2018 estimated in export prices. Over the period under review, production recorded a abrupt decline. The pace of growth appeared the most rapid in 2008 with an increase of % year-to-year. As a result, production reached the peak level of $. From 2009 to 2018, production growth remained at a lower figure.
The revenue of the abrasives market in Pakistan fell slightly to $ in 2018, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt shrinkage. The pace of growth was the most pronounced in 2008 when the market value increased by % year-to-year. Over the period under review, the market attained the peak level at $ in 2010; however, from 2011 to 2018, consumption failed to regain the momentum.