Pakistan: Shaft Coupling Market 2024

Shaft Coupling Market Size in Pakistan

The Pakistani shaft coupling market plummeted to $X in 2022, falling by -17.5% 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 recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Shaft Coupling Exports

Exports from Pakistan

In 2022, after two years of growth, there was significant decline in overseas shipments of clutches and shaft couplings, when their volume decreased by -19.3% to X kg. Overall, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 663%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, shaft coupling exports plummeted to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 556% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Brazil (X kg) was the main destination for shaft coupling exports from Pakistan, with a 41% share of total exports. Moreover, shaft coupling exports to Brazil exceeded the volume sent to the second major destination, Singapore (X kg), threefold. Sweden (X kg) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-8.1% per year) and Sweden (+50.3% per year).

In value terms, Singapore ($X) remains the key foreign market for clutches and shaft couplings exports from Pakistan, comprising 31% of total exports. The second position in the ranking was taken by Brazil ($X), with a 15% share of total exports. It was followed by Sweden, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+5.6% per year) and Sweden (+110.7% per year).

Export Prices by Country

The average shaft coupling export price stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 35% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Botswana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+40.1%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Pakistan

Shaft coupling imports into Pakistan shrank significantly to X tons in 2022, which is down by -15.6% compared with 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 48%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, shaft coupling imports shrank dramatically to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest shaft coupling supplier to Pakistan, accounting for a 37% share of total imports. Moreover, shaft coupling imports from China exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+13.3% per year) and Germany (-2.6% per year).

In value terms, China ($X) constituted the largest supplier of clutches and shaft couplings to Pakistan, comprising 36% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Austria, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.5% per year) and Austria (+8.4% per year).

Import Prices by Country

In 2022, the average shaft coupling import price amounted to $X per ton, dropping by -3.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 51% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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