Pakistan: Measuring Instrument Market 2022

Measuring Instrument Market Size in Pakistan

The Pakistani measuring instrument market surged to $X in 2021, growing by 43% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded significant growth. Measuring instrument consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Measuring Instrument Exports

Exports from Pakistan

In 2021, overseas shipments of instruments and apparatus for measuring or checking the flow or level of liquids decreased by -95.5% to X units, falling for the second consecutive year after three years of growth. In general, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 556%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, measuring instrument exports declined remarkably to $X in 2021. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 400% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X units) was the main destination for measuring instrument exports from Pakistan, with a 90% share of total exports. Moreover, measuring instrument exports to Greece exceeded the volume sent to the second major destination, the United States (X units), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece amounted to -1.5%.

In value terms, Greece ($X) emerged as the key foreign market for measuring instrument exports from Pakistan, comprising 86% of total exports. The second position in the ranking was held by the United States ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Greece stood at +26.4%.

Export Prices by Country

In 2021, the average measuring instrument export price amounted to $X per unit, rising by 310% against the previous year. In general, the export price recorded a measured expansion. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Greece ($X per unit), while the average price for exports to the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+28.3%), while the prices for the other major destinations experienced a decline.

Measuring Instrument Imports

Imports into Pakistan

In 2021, the amount of instruments and apparatus for measuring or checking the flow or level of liquids imported into Pakistan expanded markedly to X units, picking up by 12% compared with the previous year's figure. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 125%. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, measuring instrument imports surged to $X in 2021. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 111%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest measuring instrument supplier to Pakistan, with a 60% share of total imports. Moreover, measuring instrument imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was held by the UK (X units), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +32.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+37.6% per year) and the UK (+23.0% per year).

In value terms, China ($X) constituted the largest supplier of measuring instrument to Pakistan, comprising 61% of total imports. The second position in the ranking was held by Germany ($X), with a 7.7% share of total imports. It was followed by Japan, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +63.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.0% per year) and Japan (+39.9% per year).

Import Prices by Country

In 2021, the average measuring instrument import price amounted to $X per unit, growing by 15% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, measuring instrument import price increased by +121.2% against 2015 indices. The pace of growth appeared the most rapid in 2013 an increase of 29%. The import price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Japan ($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 (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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