Pakistan: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Pakistan

In 2021, the Pakistani electrical circuit apparatus market increased by 17% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -24.1% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Electrical Circuit Apparatus Exports

Exports from Pakistan

In 2021, approx. X tons of electrical apparatus for circuit connection, switching and protection were exported from Pakistan; which is down by -55% compared with 2020. Overall, exports faced a significant decrease. The most prominent rate of growth was recorded in 2018 with an increase of 517% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, electrical circuit apparatus exports reduced notably to $X in 2021. In general, exports faced a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of 39%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Germany (X kg) and Afghanistan (X kg) were the main destinations of electrical circuit apparatus exports from Pakistan, together comprising 54% of total exports. These countries were followed by Canada, the United States, Oman, Saudi Arabia, Yemen and the UK, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +55.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical circuit apparatus exported from Pakistan were the United Arab Emirates ($X), Germany ($X) and Afghanistan ($X), with a combined 57% share of total exports. Canada, Saudi Arabia, the United States, Yemen, Oman and the UK lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, Canada, with a CAGR of +62.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average electrical circuit apparatus export price amounted to $X per ton, growing by 27% against the previous year. Over the period under review, the export price posted resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 1,457%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Pakistan

After two years of decline, purchases abroad of electrical apparatus for circuit connection, switching and protection increased by 6.3% to X tons in 2021. Over the period under review, imports posted pronounced growth. The most prominent rate of growth was recorded in 2016 with an increase of 42%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, electrical circuit apparatus imports surged to $X in 2021. Overall, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest electrical circuit apparatus supplier to Pakistan, with a 71% share of total imports. Moreover, electrical circuit apparatus imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.4% per year) and Italy (+18.3% per year).

In value terms, China ($X) constituted the largest supplier of electrical circuit apparatus to Pakistan, comprising 44% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.2% share of total imports. It was followed by Germany, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.9% per year) and Germany (-0.6% per year).

Import Prices by Country

In 2021, the average electrical circuit apparatus import price amounted to $X per ton, surging by 12% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 17%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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