Pakistan: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in Pakistan

In 2021, the Pakistani market for instruments for measuring electrical quantities was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption posted a pronounced increase. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Exports of Instruments for Measuring Electrical Quantities

Exports from Pakistan

In 2021, overseas shipments of instruments for measuring electrical quantities were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 2,270% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, instruments for measuring electrical quantities exports soared to $X in 2021. Over the period under review, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 866% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Montenegro (X units) was the main destination for instruments for measuring electrical quantities exports from Pakistan, with a 83% share of total exports. Moreover, instruments for measuring electrical quantities exports to Montenegro exceeded the volume sent to the second major destination, Romania (X units), more than tenfold. Myanmar (X units) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to Montenegro was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (0.0% per year) and Myanmar (0.0% per year).

In value terms, Montenegro ($X) emerged as the key foreign market for instruments for measuring electrical quantities exports from Pakistan, comprising 39% of total exports. The second position in the ranking was taken by Austria ($X), with a 12% share of total exports. It was followed by Ghana, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Montenegro was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-2.5% per year) and Ghana (-30.4% per year).

Export Prices by Country

The average export price for instruments for measuring electrical quantities stood at $X per unit in 2021, shrinking by -56.7% against the previous year. In general, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 an increase of 387% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per unit), while the average price for exports to Romania ($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 Ghana (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Instruments for Measuring Electrical Quantities

Imports into Pakistan

After three years of decline, purchases abroad of instruments for measuring electrical quantities increased by 22% to X units in 2021. Over the period under review, imports enjoyed a temperate expansion. The growth pace was the most rapid in 2014 when imports increased by 143%. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, instruments for measuring electrical quantities imports soared to $X in 2021. Overall, imports enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of 72% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of instruments for measuring electrical quantities to Pakistan, with a 39% share of total imports. Moreover, instruments for measuring electrical quantities imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.5% per year) and the United Arab Emirates (+14.7% per year).

In value terms, China ($X) constituted the largest supplier of instruments for measuring electrical quantities to Pakistan, comprising 34% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Italy, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.1% per year) and Italy (+5.2% per year).

Import Prices by Country

In 2021, the average import price for instruments for measuring electrical quantities amounted to $X per unit, flattening at the previous year. In general, the import price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2015 an increase of 128% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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