Pakistan: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Pakistan

The Pakistani trailer and semi-trailer market expanded slightly to $X in 2022, picking up by 4.4% against the previous year. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 -4.0% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Trailer And Semi-Trailer Production in Pakistan

In value terms, trailer and semi-trailer production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 -6.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Trailer And Semi-Trailer Exports

Exports from Pakistan

Trailer and semi-trailer exports from Pakistan dropped remarkably to X units in 2022, with a decrease of -19.7% compared with the previous year's figure. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 68%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, trailer and semi-trailer exports contracted sharply to $X in 2022. Overall, exports recorded a deep reduction. The growth pace was the most rapid in 2018 when exports increased by 87% 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

Botswana (X units) was the main destination for trailer and semi-trailer exports from Pakistan, with a 41% share of total exports. Moreover, trailer and semi-trailer exports to Botswana exceeded the volume sent to the second major destination, Nigeria (X units), twofold. Kenya (X units) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume to Botswana totaled +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-22.4% per year) and Kenya (-2.8% per year).

In value terms, Kenya ($X), Botswana ($X) and Nigeria ($X) were the largest markets for trailer and semi-trailer exported from Pakistan worldwide, with a combined 67% share of total exports. Tanzania, South Africa, Mozambique, Uganda, Afghanistan, Qatar, Ghana, Zambia, Zimbabwe and Kuwait lagged somewhat behind, together comprising a further 31%.

In terms of the main countries of destination, Qatar, with a CAGR of +20.4%, saw the highest growth rate of the value of exports, 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 trailer and semi-trailer export price amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a modest increase. The growth pace was the most rapid in 2021 when the average export price increased by 42% against the previous year. As a result, the export price attained the peak level of $X per unit, leveling off in the following year.

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 South Africa ($X per unit), while the average price for exports to Kuwait ($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 Qatar (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Pakistan

In 2022, supplies from abroad of cargo trailers and semi-trailers was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 218%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, trailer and semi-trailer imports skyrocketed to $X in 2022. Overall, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 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

In 2022, the United States (X units) constituted the largest trailer and semi-trailer supplier to Pakistan, accounting for a 48% share of total imports. Moreover, trailer and semi-trailer imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Italy (X units), with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +68.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.6% per year) and Italy (+36.8% per year).

In value terms, the largest trailer and semi-trailer suppliers to Pakistan were China ($X), Germany ($X) and the United States ($X), together accounting for 55% of total imports. Italy, Australia, the UK, Sweden and Japan lagged somewhat behind, together accounting for a further 8.9%.

Sweden, with a CAGR of +71.9%, recorded the highest growth rate of 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 trailer and semi-trailer import price stood at $X per unit in 2022, declining by -33% against the previous year. Overall, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 135%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+197.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform