Pakistan: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Pakistan

In 2022, the Pakistani meat-preparation industrial machinery market increased by 75% to $X, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Meat-Preparation Industrial Machinery Exports

Exports from Pakistan

In 2022, meat-preparation industrial machinery exports from Pakistan skyrocketed to X units, with an increase of 71% against the year before. In general, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.7% against 2020 indices. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, meat-preparation industrial machinery exports skyrocketed to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 153%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units), Saudi Arabia (X units) and Oman (X units) were the main destinations of meat-preparation industrial machinery exports from Pakistan, together comprising 67% of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +11.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for industrial machinery for the preparation of meat or poultry exports from Pakistan, comprising 47% of total exports. The second position in the ranking was taken by the United States ($X), with a 21% share of total exports. It was followed by Saudi Arabia, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to the UK totaled +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.6% per year) and Saudi Arabia (+6.7% per year).

Export Prices by Country

In 2022, the average meat-preparation industrial machinery export price amounted to $X per unit, waning by -11.8% against the previous year. Overall, the export price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2015 an increase of 189%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 States ($X per unit), while the average price for exports to Sri Lanka ($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 the UK (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into Pakistan

In 2022, approx. X units of industrial machinery for the preparation of meat or poultry were imported into Pakistan; rising by 62% against 2021. In general, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by 293%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, meat-preparation industrial machinery imports surged to $X in 2022. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 461%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Sweden (X units) and the UK (X units) were the main suppliers of meat-preparation industrial machinery imports to Pakistan, together comprising 62% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +58.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat-preparation industrial machinery suppliers to Pakistan were Sweden ($X), China ($X) and the UK ($X), with a combined 49% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of +60.2%, saw the highest growth rate of 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 meat-preparation industrial machinery import price amounted to $X per unit, increasing by 15% against the previous year. Overall, the import price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2018 an increase of 77%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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