Pakistan: Bulldozer Market 2024

Bulldozer Market Size in Pakistan

The Pakistani bulldozer market dropped notably to $X in 2022, declining by -19.6% against the previous year. In general, consumption, however, continues to indicate a buoyant increase. Bulldozer consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Bulldozer Production in Pakistan

In value terms, bulldozer production reduced sharply to $X in 2022 estimated in export price. In general, production, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 449,481,300% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Bulldozer Exports

Exports from Pakistan

In 2022, shipments abroad of bulldozers and angle dozers decreased by 0% to X units, falling for the third consecutive year after three years of growth. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 206% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, bulldozer exports contracted to $X in 2022. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 438%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for bulldozer exports from Pakistan, with a 53% share of total exports. Moreover, bulldozer exports to the UK exceeded the volume sent to the second major destination, Afghanistan (X units), threefold. The United Arab Emirates (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (+4.1% per year) and the United Arab Emirates (-4.0% per year).

In value terms, Kenya ($X), Saudi Arabia ($X) and Afghanistan ($X) constituted the largest markets for bulldozer exported from Pakistan worldwide, with a combined 62% share of total exports. Oman, the UK, the United Arab Emirates and the United States lagged somewhat behind, together comprising a further 38%.

Oman, with a CAGR of +48.6%, saw the highest rates of growth with regard to the value of exports, among 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

The average bulldozer export price stood at $X per unit in 2022, which is down by -7.9% against the previous year. Over the period under review, the export price, however, posted resilient growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 76% against the previous year. The export price peaked at $X per unit in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to the United States ($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 Oman (+48.6%), while the prices for the other major destinations experienced more modest paces of growth.

Bulldozer Imports

Imports into Pakistan

In 2022, imports of bulldozers and angle dozers into Pakistan shrank slightly to X units, with a decrease of -2.3% on the year before. Over the period under review, imports, however, recorded a moderate increase. The pace of growth appeared the most rapid in 2020 when imports increased by 156%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, bulldozer imports fell modestly to $X in 2022. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 187% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), France (X units) and Austria (X units) were the main suppliers of bulldozer imports to Pakistan, with a combined 50% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +27.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Austria ($X) were the largest bulldozer suppliers to Pakistan, with a combined 55% share of total imports. Japan, Brazil, France, Germany, Saudi Arabia, the United Arab Emirates, Taiwan (Chinese) and Poland lagged somewhat behind, together comprising a further 35%.

Among the main suppliers, Germany, with a CAGR of +25.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bulldozer import price stood at $X per unit in 2022, shrinking by -2.3% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bulldozer import price decreased by -11.2% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 50% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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