Pakistan: Hvac Equipment Market 2024

Hvac Equipment Market Size in Pakistan

In 2022, the Pakistani HVAC equipment market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a resilient increase. Over the period under review, the market attained the peak level at $X in 2021, and then contracted modestly in the following year.

Hvac Equipment Production in Pakistan

In value terms, HVAC equipment production totaled $X in 2022 estimated in export price. In general, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Hvac Equipment Exports

Exports from Pakistan

In 2022, overseas shipments of HVAC equipment decreased by X% to X units, falling for the second year in a row after three years of growth. In general, exports recorded a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, HVAC equipment exports soared to $X in 2022. Over the period under review, exports showed a noticeable decrease. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for HVAC equipment exports from Pakistan, accounting for a X% share of total exports. Moreover, HVAC equipment exports to the United States exceeded the volume sent to the second major destination, Iraq (X units), fourfold. The third position in this ranking was held by the United Arab Emirates (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X.7% per year) and the United Arab Emirates (X% per year).

In value terms, the United States ($X) remains the key foreign market for HVAC equipment exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Iraq ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average HVAC equipment export price amounted to $X per unit, surging by X% against the previous year. In general, the export price recorded a noticeable expansion. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the average price for exports to Mauritania ($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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Hvac Equipment Imports

Imports into Pakistan

HVAC equipment imports into Pakistan reduced remarkably to X units in 2022, declining by X% on the year before. Over the period under review, imports showed a mild curtailment. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, HVAC equipment imports shrank dramatically to $X in 2022. In general, imports continue to indicate a mild slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of HVAC equipment to Pakistan, accounting for a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), ninefold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of HVAC equipment to Pakistan, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with an X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

Import Prices by Country

The average HVAC equipment import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained 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 Malaysia ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform