Pakistan: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Pakistan

The Pakistani market for vacuum pumps and air or gas compressors contracted to $X in 2022, dropping by -10.2% 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). Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +46.3% against 2020 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Pakistan

In 2022, approx. X units of vacuum pumps and air or gas compressors were exported from Pakistan; falling by -18.9% compared with 2021 figures. Over the period under review, exports saw a deep slump. The pace of growth appeared the most rapid in 2014 when exports increased by 586% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors fell markedly to $X in 2022. Overall, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 407% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for exports of vacuum pumps and air or gas compressors from Pakistan, accounting for a 94% share of total exports. Moreover, exports of vacuum pumps and air or gas compressors to Germany exceeded the volume sent to the second major destination, the United Arab Emirates (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+27.3% per year) and Saudi Arabia (-21.7% per year).

In value terms, Germany ($X) emerged as the key foreign market for vacuum pumps and air or gas compressors exports from Pakistan, comprising 44% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 6.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-14.5% per year) and the United Arab Emirates (+11.9% per year).

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, waning by -37.7% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 162%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Germany ($X 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 (+9.2%), while the prices for the other major destinations experienced a decline.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Pakistan

In 2022, supplies from abroad of vacuum pumps and air or gas compressors increased by 7.4% to X units, rising for the second consecutive year after two years of decline. In general, imports saw buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 56%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, imports of vacuum pumps and air or gas compressors reduced rapidly to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +37.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 65%. As a result, imports reached the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump and air or gas compressor to Pakistan, with a 86% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Slovakia (X units), more than tenfold. The third position in this ranking was taken by Thailand (X units), with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-0.5% per year) and Thailand (-13.7% per year).

In value terms, China ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Pakistan, comprising 77% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 2.4% share of total imports. It was followed by Thailand, with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-3.2% per year) and Thailand (-15.6% per year).

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, declining by -22.4% against the previous year. Overall, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 23%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per unit) and China ($X per unit), while the price for Slovakia ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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