Report Update Nov 1, 2024

Pakistan - Boring or Sinking Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Pakistan: Boring Machinery Market 2024

Boring Machinery Market Size in Pakistan

The Pakistani boring machinery market declined to $X in 2022, with a decrease of -5.2% against the previous year. Over the period under review, consumption, however, continues to indicate a strong expansion. Boring machinery consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Boring Machinery Production in Pakistan

In value terms, boring machinery production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 43%. Boring machinery production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Boring Machinery Exports

Exports from Pakistan

In 2022, overseas shipments of boring or sinking machinery decreased by -60% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 268%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, boring machinery exports dropped markedly to $X in 2022. Overall, exports recorded a noticeable setback. The growth pace was the most rapid in 2018 when exports increased by 319%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X units) was the main destination for boring machinery exports from Pakistan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq amounted to -4.0%.

In value terms, Iraq ($X) remains the key foreign market for boring or sinking machinery exports from Pakistan, comprising 97% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 2.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Iraq stood at +4.1%.

Export Prices by Country

The average boring machinery export price stood at $X per unit in 2022, with an increase of 91% against the previous year. In general, the export price continues to indicate a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign 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 Iraq stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Boring Machinery Imports

Imports into Pakistan

Boring machinery imports into Pakistan shrank remarkably to X units in 2022, falling by -37.1% compared with 2021. Overall, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 236%. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, boring machinery imports contracted notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 143% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and the UK (X units) were the main suppliers of boring machinery imports to Pakistan, together comprising 91% of total imports. Singapore, France and Germany lagged somewhat behind, together accounting for a further 4.2%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +7.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest boring machinery suppliers to Pakistan were the United States ($X), China ($X) and Singapore ($X), together accounting for 89% of total imports. The UK, France and Germany lagged somewhat behind, together comprising a further 3.8%.

France, with a CAGR of -3.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average boring machinery import price stood at $X per unit in 2022, falling by -32.2% against the previous year. In general, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 7.1% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Singapore ($X per unit) and the UK ($X per unit), while the price for France ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-9.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for boring or sinking machinery in the world?

The countries with the highest volumes of in 2021 were Spain, Canada and Indonesia, with a combined 38% share of global consumption. These countries were followed by Japan, South Africa, Germany, China, Italy, the United Arab Emirates, France, Syrian Arab Republic, Singapore and Nigeria, which together accounted for a further 34%.

What are the largest producers of boring or sinking machinery in the world?

The countries with the highest volumes of in 2021 were Indonesia, Canada and Spain, together comprising 37% of global production. Italy, Japan, the United Arab Emirates, Germany, South Africa, the Netherlands, China, Singapore, Syrian Arab Republic and the UK lagged somewhat behind, together accounting for a further 42%.

What are the leading suppliers of boring or sinking machinery to Pakistan?

In value terms, the United States constituted the largest supplier of boring machinery to Pakistan, comprising 67% of total imports. The second position in the ranking was occupied by China, with a 26% share of total imports. It was followed by France, with a 1.9% share.

What are the leading importers of boring or sinking machinery from Pakistan?

In value terms, the United Arab Emirates remains the key foreign market for boring machinery exports from Pakistan.

What is the average export price for boring or sinking machinery in Pakistan?

In 2021, the average boring machinery export price amounted to $0.5 per unit, declining by -92.8% against the previous year.

What is the average import price for boring or sinking machinery in Pakistan?

In 2021, the average boring machinery import price amounted to $7 per unit, picking up by 14% against the previous year.

This report provides an in-depth analysis of the boring machinery market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28921255 - Boring or sinking machinery (including fixed platforms used for oil or natural gas exploration) (excluding self-propelled)

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023