Pakistan: Crawler Tractor Market 2024

Crawler Tractor Market Size in Pakistan

In 2021, after five years of decline, there was growth in the Pakistani crawler tractor market, when its value increased by 2.3% to $X. In general, consumption, however, recorded a abrupt contraction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Crawler Tractor Production in Pakistan

In value terms, crawler tractor production totaled $X in 2021 estimated in export price. Overall, production, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 20% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Crawler Tractor Exports

Exports from Pakistan

Crawler tractor exports from Pakistan was estimated at X units in 2021, remaining constant against the previous year's figure. Overall, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2019 when exports increased by 300% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, crawler tractor exports skyrocketed to $X in 2021. Over the period under review, exports showed a precipitous contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 27%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Jamaica (X units), Gambia (X units) and Afghanistan (X units) were the main destinations of crawler tractor exports from Pakistan, together accounting for 75% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X) remains the key foreign market for crawler tractors exports from Pakistan, comprising 80% of total exports. The second position in the ranking was held by Afghanistan ($X), with a 13% share of total exports. It was followed by Ethiopia, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to Botswana amounted to -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-49.7% per year) and Ethiopia (-58.2% per year).

Export Prices by Country

In 2021, the average crawler tractor export price amounted to $X per unit, surging by 48% against the previous year. Overall, the export price, however, recorded a sharp decline. The most prominent rate of growth was recorded in 2017 an increase of 84% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ethiopia ($X per unit), while the average price for exports to Gambia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Crawler Tractor Imports

Imports into Pakistan

In 2021, approx. X units of crawler tractors were imported into Pakistan; which is down by -84.4% compared with 2020. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 250%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, crawler tractor imports declined sharply to $X in 2021. Overall, imports recorded a mild slump. The growth pace was the most rapid in 2014 when imports increased by 412%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X units) constituted the largest crawler tractor supplier to Pakistan, with a approx. 60% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia stood at +17.0%.

In value terms, Malaysia ($X) constituted the largest supplier of crawler tractors to Pakistan, comprising 52% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Japan, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.4% per year) and Japan (-0.4% per year).

Import Prices by Country

The average crawler tractor import price stood at $X per unit in 2021, surging by 34% against the previous year. In general, the import price, however, showed a abrupt slump. The growth pace was the most rapid in 2018 when the average import price increased by 35% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat 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 China ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+478.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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