Pakistan: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Pakistan

The Pakistani market for in-hand motor grinders, sanders and planers was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption enjoyed a remarkable increase. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Pakistan

In 2021, shipments abroad of in-hand motor grinders, sanders and planers increased by 5,231% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a precipitous descent. Over the period under review, the exports of reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. In general, exports, however, saw a abrupt setback. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units), Slovakia (X units) and Chile (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Pakistan, with a combined 90% share of total exports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +68.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Slovakia ($X) and Uzbekistan ($X) constituted the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Pakistan worldwide, with a combined 93% share of total exports.

The Netherlands, with a CAGR of +78.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, rising by 42% against the previous year. Over the period under review, the export price recorded a prominent expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 78% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+442.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Pakistan

In 2021, overseas purchases of in-hand motor grinders, sanders and planers increased by 66% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 138% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 163% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Pakistan, with a 88% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+1.1% per year) and France (+63.5% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Pakistan, comprising 83% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+1.9% per year) and France (+63.6% per year).

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, with a decrease of -5.7% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for in-hand motor grinders, sanders and planers increased by +27.9% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 46% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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