Pakistan: Brakes And Servo-Brakes Market 2024

Brakes And Servo-Brakes Market Size in Pakistan

The Pakistani brakes and servo-brakes market declined rapidly to $X in 2022, reducing by -35.8% 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). Over the period under review, consumption, however, posted resilient growth. Brakes and servo-brakes consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Brakes And Servo-Brakes Exports

Exports from Pakistan

In 2022, the amount of brakes and servo-brakes exported from Pakistan surged to X tons, growing by 25% against the previous year. Overall, exports showed a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 8,173%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, brakes and servo-brakes exports expanded rapidly to $X in 2022. Over the period under review, exports recorded a pronounced increase. The pace of growth was the most pronounced in 2018 with an increase of 6,079%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for brakes and servo-brakes exports from Pakistan, accounting for a 72% share of total exports. Moreover, brakes and servo-brakes exports to Belgium exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium was relatively modest.

In value terms, Belgium ($X) remains the key foreign market for brakes and servo-brakes exports from Pakistan, comprising 85% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at +8.9%.

Export Prices by Country

In 2022, the average brakes and servo-brakes export price amounted to $X per ton, with a decrease of -9.1% against the previous year. Over the period under review, the export price continues to indicate a mild decline. The growth pace was the most rapid in 2016 when the average export price increased by 58% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.

Brakes And Servo-Brakes Imports

Imports into Pakistan

In 2022, approx. X tons of brakes and servo-brakes were imported into Pakistan; declining by -32.6% against 2021 figures. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 65% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, brakes and servo-brakes imports fell dramatically to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 134%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Japan (X tons) and Indonesia (X tons) were the main suppliers of brakes and servo-brakes imports to Pakistan, with a combined 66% share of total imports. The United Arab Emirates, Thailand, Taiwan (Chinese) and the United States lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +43.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest brakes and servo-brakes suppliers to Pakistan were China ($X), Japan ($X) and Indonesia ($X), with a combined 62% share of total imports. The United Arab Emirates, Thailand, the United States and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 29%.

The United States, with a CAGR of +46.8%, 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 more modest paces of growth.

Import Prices by Country

The average brakes and servo-brakes import price stood at $X per ton in 2022, falling by -2.5% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brakes and servo-brakes import price increased by +72.6% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 67%. The import price peaked at $X per ton in 2021, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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