Pakistan: Chromatograph Market 2024

Chromatograph Market Size in Pakistan

In 2022, the Pakistani chromatograph market increased by 43% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Chromatograph Exports

Exports from Pakistan

After two years of growth, shipments abroad of chromatographs and electrophoresis instruments decreased by -21.4% to X units in 2022. In general, exports, however, continue to indicate a measured increase. The growth pace was the most rapid in 2018 with an increase of 71%. Over the period under review, the exports reached the peak figure at X units in 2021, and then dropped significantly in the following year.

In value terms, chromatograph exports shrank sharply to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 324%. The exports peaked at $X in 2021, and then shrank significantly in the following year.

Exports by Country

The United States (X units) was the main destination for chromatograph exports from Pakistan, with a 64% share of total exports. Moreover, chromatograph exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), sevenfold. The third position in this ranking was taken by Germany (X units), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-10.4% per year) and Germany (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for chromatographs and electrophoresis instruments exports from Pakistan, comprising 66% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by Singapore, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-16.0% per year) and Singapore (+3.2% per year).

Export Prices by Country

In 2022, the average chromatograph export price amounted to $X per unit, shrinking by -20.7% against the previous year. In general, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 263% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Canada ($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 the United States (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Chromatograph Imports

Imports into Pakistan

In 2022, purchases abroad of chromatographs and electrophoresis instruments increased by 61% to X units, rising for the second year in a row after two years of decline. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 70%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, chromatograph imports surged to $X in 2022. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 49%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

Canada (X units), Japan (X units) and Singapore (X units) were the main suppliers of chromatograph imports to Pakistan, with a combined 47% 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 Canada (with a CAGR of +52.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chromatograph suppliers to Pakistan were Japan ($X), Singapore ($X) and Canada ($X), together accounting for 61% of total imports.

In terms of the main suppliers, Canada, with a CAGR of +40.8%, recorded the highest growth rate of 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

In 2022, the average chromatograph import price amounted to $X per unit, which is down by -17.4% against the previous year. Over the period under review, the import price saw a slight slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 29%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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