Pakistan: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Pakistan

The Pakistani market for diesel engines (other than for motor vehicles and aircraft) fell to $X in 2022, which is down by -5.4% 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). Over the period under review, consumption, however, saw a mild setback. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Pakistan

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were exported from Pakistan; reducing by -28.9% on the previous year's figure. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 80%. Over the period under review, the exports of reached the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) shrank rapidly to $X in 2022. In general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 102%. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Tanzania (X units) and Belgium (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Pakistan, together accounting for 34% of total exports.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +11.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Belgium ($X) were the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Pakistan worldwide, together accounting for 40% of total exports. Australia, China, Tanzania, the United Arab Emirates, the UK, South Africa, Afghanistan, Malaysia, Iran and Bangladesh lagged somewhat behind, together comprising a further 47%.

Among the main countries of destination, South Africa, with a CAGR of +44.9%, saw the highest rates of growth with regard to 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

The average export price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, picking up by 5.2% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2013 an increase of 38%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Bangladesh ($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 South Africa (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Pakistan

Imports of diesel engines (other than for motor vehicles and aircraft) into Pakistan amounted to X units in 2022, with an increase of 12% compared with the year before. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 187% against the previous year. Over the period under review, imports of attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) fell rapidly to $X in 2022. In general, imports, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2017 when imports increased by 228% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Pakistan, accounting for a 79% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. South Korea (X units) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+32.8% per year) and South Korea (+11.3% per year).

In value terms, China ($X) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Pakistan, comprising 61% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by South Korea, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+26.5% per year) and South Korea (+8.2% per year).

Import Prices by Country

The average import price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, declining by -28.7% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2014 an increase of 62%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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 the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :