Pakistan: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Pakistan

In 2022, the Pakistani non-electric motor handtools market increased by 42% to $X, rising for the second consecutive year after two years of decline. Overall, consumption posted a tangible expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Non-Electric Motor Handtools Exports

Exports from Pakistan

Non-electric motor handtools exports from Pakistan contracted modestly to X units in 2022, with a decrease of -2.2% against 2021. In general, exports recorded a mild downturn. The pace of growth was the most pronounced in 2013 with an increase of 249%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, non-electric motor handtools exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 844% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X units), the United Arab Emirates (X units) and the United States (X units) were the main destinations of non-electric motor handtools exports from Pakistan, together comprising 44% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +23.1%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for handtools, hydraulic or with a self-contained non-electric motor exports from Pakistan, comprising 69% of total exports. The second position in the ranking was held by Belgium ($X), with a 10% share of total exports. It was followed by the United States, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +107.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+99.7% per year) and the United States (+4.0% per year).

Export Prices by Country

The average non-electric motor handtools export price stood at $X per unit in 2022, picking up by 23% against the previous year. Over the period under review, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of 386%. The export price peaked at $X per unit in 2020; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Chile ($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 Belgium (+99.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into Pakistan

In 2022, purchases abroad of handtools, hydraulic or with a self-contained non-electric motor increased by 81% to X units, rising for the second consecutive year after two years of decline. Overall, imports recorded measured growth. The most prominent rate of growth was recorded in 2018 when imports increased by 303%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, non-electric motor handtools imports surged to $X in 2022. In general, imports recorded a slight expansion. The growth pace was the most rapid in 2014 when imports increased by 162% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest non-electric motor handtools supplier to Pakistan, with a 73% share of total imports. Moreover, non-electric motor handtools imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-13.7% per year) and the United States (-7.7% per year).

In value terms, China ($X) constituted the largest supplier of handtools, hydraulic or with a self-contained non-electric motor to Pakistan, comprising 60% of total imports. The second position in the ranking was held by the United States ($X), with a 9.8% share of total imports. It was followed by Japan, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.7% per year) and Japan (-16.0% per year).

Import Prices by Country

The average non-electric motor handtools import price stood at $X per unit in 2022, which is down by -30.1% against the previous year. Overall, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 an increase of 50%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Switzerland ($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 States (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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