Pakistan: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Pakistan

In 2022, after two years of growth, there was significant decline in the Pakistani geometrical quantities electronic measurer market, when its value decreased by -24.3% to $X. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.8% against 2019 indices. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Pakistan

In 2022, shipments abroad of electronic instruments and machines for measuring geometrical quantities was finally on the rise to reach X units after two years of decline. In general, exports, however, recorded a sharp reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 1,035% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, geometrical quantities electronic measurer exports surged to $X in 2022. Overall, exports, however, continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2014 when exports increased by 963%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for geometrical quantities electronic measurer exports from Pakistan, with a 46% share of total exports. Moreover, geometrical quantities electronic measurer exports to China exceeded the volume sent to the second major destination, Germany (X units), twofold. Singapore (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-28.8% per year) and Singapore (-1.1% per year).

In value terms, China ($X) emerged as the key foreign market for electronic instruments and machines for measuring geometrical quantities exports from Pakistan, comprising 47% of total exports. The second position in the ranking was taken by Germany ($X), with a 19% share of total exports. It was followed by Singapore, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +39.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-15.0% per year) and Singapore (+11.0% per year).

Export Prices by Country

The average geometrical quantities electronic measurer export price stood at $X per unit in 2022, picking up by 16% against the previous year. Overall, the export price saw a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 60% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per unit) and China ($X per unit), while the average price for exports to Japan ($X per unit) and the United Arab Emirates ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Pakistan

In 2022, after four years of growth, there was significant decline in overseas purchases of electronic instruments and machines for measuring geometrical quantities, when their volume decreased by -28.5% to X units. Overall, imports, however, posted resilient growth. The growth pace was the most rapid in 2021 with an increase of 88% against the previous year. As a result, imports reached the peak of X units, and then reduced sharply in the following year.

In value terms, geometrical quantities electronic measurer imports plummeted to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest geometrical quantities electronic measurer supplier to Pakistan, accounting for a 38% share of total imports. Moreover, geometrical quantities electronic measurer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. Germany (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.8% per year) and Germany (+4.3% per year).

In value terms, China ($X) constituted the largest supplier of electronic instruments and machines for measuring geometrical quantities to Pakistan, comprising 38% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.6% per year) and Germany (-5.8% per year).

Import Prices by Country

In 2022, the average geometrical quantities electronic measurer import price amounted to $X per unit, surging by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per unit) and Japan ($X per unit), while the price for Thailand ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-9.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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