Pakistan: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Pakistan

The Pakistani centrifugal clothes-dryer market dropped to $X in 2021, falling by -6.3% 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, consumption, however, showed a buoyant expansion. Centrifugal clothes-dryer consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Centrifugal Clothes-Dryer Exports

Exports from Pakistan

In 2021, shipments abroad of centrifugal clothes-dryers decreased by -12.3% to X units, falling for the second year in a row after three years of growth. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 10,500%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, centrifugal clothes-dryer exports dropped to $X in 2021. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 8,347% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Afghanistan (X units) was the main destination for centrifugal clothes-dryer exports from Pakistan, with a 80% share of total exports. Moreover, centrifugal clothes-dryer exports to Afghanistan exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Afghanistan stood at +43.3%.

In value terms, Afghanistan ($X) remains the key foreign market for centrifugal clothes-dryers exports from Pakistan, comprising 89% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Afghanistan amounted to +61.7%.

Export Prices by Country

The average centrifugal clothes-dryer export price stood at $X per unit in 2021, growing by 11% against the previous year. Over the period under review, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 68% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Afghanistan ($X per unit), while the average price for exports to the United Arab Emirates totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+98.3%), while the prices for the other major destinations experienced more modest paces of growth.

Centrifugal Clothes-Dryer Imports

Imports into Pakistan

Centrifugal clothes-dryer imports into Pakistan fell to X units in 2021, declining by -8.6% on 2020 figures. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2017 when imports increased by 302% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, centrifugal clothes-dryer imports dropped to $X in 2021. Overall, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 533% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest centrifugal clothes-dryer supplier to Pakistan, with a 40% share of total imports. Moreover, centrifugal clothes-dryer imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. Vietnam (X units) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+26.5% per year) and Vietnam (0.0% per year).

In value terms, the largest centrifugal clothes-dryer suppliers to Pakistan were China ($X), Taiwan (Chinese) ($X) and Turkey ($X), together comprising 62% of total imports.

Taiwan (Chinese), with a CAGR of +79.6%, saw 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 centrifugal clothes-dryer import price stood at $X per unit in 2021, rising by 3.7% against the previous year. In general, the import price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 57% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+23.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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