Pakistan: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Pakistan

The Pakistani wood drilling machine market rose to $X in 2021, picking up by 3.5% against the previous year. Overall, consumption continues to indicate a buoyant increase. Wood drilling machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wood Drilling Machine Production in Pakistan

In value terms, wood drilling machine production expanded to $X in 2021 estimated in export price. In general, production showed a resilient expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 49%. Wood drilling machine production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Wood Drilling Machine Exports

Exports from Pakistan

For the third year in a row, Pakistan recorded growth in shipments abroad of drilling or morticing machines, which increased by 5.8% to X units in 2021. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 4,586% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, wood drilling machine exports shrank rapidly to $X in 2021. Overall, exports showed a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 4,958% against the previous year. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

Ethiopia (X units) was the main destination for wood drilling machine exports from Pakistan, with a 87% share of total exports. Moreover, wood drilling machine exports to Ethiopia exceeded the volume sent to the second major destination, Sri Lanka (X units), more than tenfold. The third position in this ranking was held by Bangladesh (X units), with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to Ethiopia stood at +80.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+43.0% per year) and Bangladesh (+34.1% per year).

In value terms, Ethiopia ($X) remains the key foreign market for drilling or morticing machines exports from Pakistan, comprising 86% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 4.5% share of total exports. It was followed by Kuwait, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ethiopia totaled +54.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+4.2% per year) and Kuwait (+20.9% per year).

Export Prices by Country

In 2021, the average wood drilling machine export price amounted to $X per unit, waning by -51.2% against the previous year. In general, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2013 when the average export price increased by 130% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, 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 Kuwait ($X per unit), while the average price for exports to Sri Lanka ($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 Oman (-7.7%), while the prices for the other major destinations experienced a decline.

Wood Drilling Machine Imports

Imports into Pakistan

In 2021, after two years of growth, there was significant decline in supplies from abroad of drilling or morticing machines, when their volume decreased by -80.6% to X units. In general, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 492%. As a result, imports reached the peak of X units, and then declined significantly in the following year.

In value terms, wood drilling machine imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 494%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), the UK (X units) and South Korea (X units) were the main suppliers of wood drilling machine imports to Pakistan, with a combined 60% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +32.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of drilling or morticing machines to Pakistan, comprising 32% of total imports. The second position in the ranking was taken by the UK ($X), with a 10% share of total imports. It was followed by China, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +65.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+18.5% per year) and China (-1.1% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, jumping by 807% against the previous year. In general, the import price, however, recorded a pronounced descent. The import price peaked at $X per unit in 2017; however, from 2018 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 Italy ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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