Pakistan: Market for Equipment For Internal Combustion Engines 2025

Market Size for Equipment For Internal Combustion Engines in Pakistan

In 2022, the Pakistani internal combustion engine equipment market decreased by -67.7% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, enjoyed a modest increase. Over the period under review, the market hit record highs at $X in 2021, and then dropped significantly in the following year.

Exports of Equipment For Internal Combustion Engines

Exports from Pakistan

In 2022, the amount of equipment for internal combustion engines exported from Pakistan contracted notably to X units, with a decrease of -23.8% on the previous year's figure. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 502% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, internal combustion engine equipment exports contracted rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a mild increase. The pace of growth was the most pronounced in 2019 when exports increased by 589%. The exports peaked at $X in 2021, and then fell rapidly in the following year.

Exports by Country

France (X units) was the main destination for internal combustion engine equipment exports from Pakistan, accounting for a 49% share of total exports. Moreover, internal combustion engine equipment exports to France exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by the United Arab Emirates (X units), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+23.2% per year) and the United Arab Emirates (+40.4% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for equipment for internal combustion engines exports from Pakistan, comprising 59% of total exports. The second position in the ranking was taken by France ($X), with a 20% share of total exports. It was followed by Germany, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.1% per year) and Germany (+21.3% per year).

Export Prices by Country

The average internal combustion engine equipment export price stood at $X per unit in 2022, reducing by -24.2% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 391% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Sri Lanka ($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 Madagascar (+42.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Equipment For Internal Combustion Engines

Imports into Pakistan

In 2022, overseas purchases of equipment for internal combustion engines decreased by -71.6% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, showed strong growth. The pace of growth was the most pronounced in 2015 when imports increased by 143%. Over the period under review, imports attained the maximum at X units in 2021, and then shrank significantly in the following year.

In value terms, internal combustion engine equipment imports fell notably to $X in 2022. Overall, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 when imports increased by 71% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), China (X units) and France (X units) were the main suppliers of internal combustion engine equipment imports to Pakistan, with a combined 82% share of total imports. The United States, Malaysia, Saudi Arabia, Italy, Brazil and the Philippines lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +46.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and the United States ($X) constituted the largest internal combustion engine equipment suppliers to Pakistan, with a combined 70% share of total imports. France, Brazil, Malaysia, the Philippines, Italy and Saudi Arabia lagged somewhat behind, together accounting for a further 17%.

In terms of the main suppliers, France, with a CAGR of +29.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average internal combustion engine equipment import price amounted to $X per unit, surging by 105% against the previous year. In general, the import price, however, faced a deep contraction. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 United States ($X per unit), while the price for Saudi Arabia ($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 Philippines (+93.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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