Pakistan: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Pakistan

The Pakistani agricultural forestry machinery market reduced to $X in 2022, waning by -1.7% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.6% against 2019 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Agricultural Forestry Machinery Production in Pakistan

In value terms, agricultural forestry machinery production contracted slightly to $X in 2022 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.2% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 45% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Agricultural Forestry Machinery Exports

Exports from Pakistan

In 2022, approx. X units of agricultural forestry machinery (lawn or sportsground rollers) were exported from Pakistan; which is down by -63.2% compared with the previous year. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 668% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, agricultural forestry machinery exports declined dramatically to $X in 2022. Overall, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 when exports increased by 761% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X units), Kenya (X units) and Saudi Arabia (X units) were the main destinations of agricultural forestry machinery exports from Pakistan, with a combined 94% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of +7.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Kenya ($X) and Saudi Arabia ($X) constituted the largest markets for agricultural forestry machinery exported from Pakistan worldwide, together accounting for 96% of total exports.

Kenya, with a CAGR of +11.3%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average agricultural forestry machinery export price amounted to $X per unit, with an increase of 12% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, agricultural forestry machinery export price increased by +55.1% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 36%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were South Africa ($X per unit) and Saudi Arabia ($X per unit), while the average price for exports to Qatar ($X per unit) and Kenya ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+41.7%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports into Pakistan

In 2022, supplies from abroad of agricultural forestry machinery (lawn or sportsground rollers) decreased by -18.2% to X units, falling for the third year in a row after four years of growth. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 243% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, agricultural forestry machinery imports reduced to $X in 2022. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by 209%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main agricultural forestry machinery supplier to Pakistan, with a 91% share of total imports. Moreover, agricultural forestry machinery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +53.4%.

In value terms, China ($X) constituted the largest supplier of agricultural forestry machinery (lawn or sportsground rollers) to Pakistan, comprising 91% of total imports. The second position in the ranking was taken by the United States ($X), with a 7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +54.3%.

Import Prices by Country

In 2022, the average agricultural forestry machinery import price amounted to $X per unit, increasing by 6.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 10% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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