Pakistan: Mounting Lifting Equipment Market 2025

Mounting Lifting Equipment Market Size in Pakistan

In 2021, after six years of growth, there was significant decline in the Pakistani mounting lifting equipment market, when its value decreased by -8.2% to $X. Over the period under review, consumption, however, posted a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank in the following year.

Mounting Lifting Equipment Production in Pakistan

In value terms, mounting lifting equipment production declined to $X in 2021 estimated in export price. In general, production, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 53% against the previous year. Mounting lifting equipment production peaked at $X in 2020, and then contracted in the following year.

Mounting Lifting Equipment Exports

Exports from Pakistan

In 2016, approx. X units of lifting equipment designed for mounting on road vehicles were exported from Pakistan; remaining relatively unchanged against the year before. Over the period under review, exports saw a resilient expansion. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the peak figure in 2016 and are expected to retain growth in years to come.

In value terms, mounting lifting equipment exports totaled $X in 2016. In general, exports posted significant growth. The smallest decline of 99.9% was in 2013. Over the period under review, the exports reached the maximum in 2016 and are expected to retain growth in years to come.

Exports by Country

Oman (X units) was the main destination for mounting lifting equipment exports from Pakistan, accounting for a approx. 100% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to Oman was relatively modest.

From 2012 to 2016, the average annual growth rate of value to Oman was relatively modest.

Export Prices by Country

The average mounting lifting equipment export price stood at $X per unit in 2016, approximately equating the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2016 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2012 to 2016, the rate of growth in terms of prices for Oman amounted to 0.0% per year.

Mounting Lifting Equipment Imports

Imports into Pakistan

In 2021, the amount of lifting equipment designed for mounting on road vehicles imported into Pakistan fell dramatically to X units, shrinking by -31.8% compared with 2020 figures. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 400%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, mounting lifting equipment imports declined notably to $X in 2021. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2015 when imports increased by 258%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of mounting lifting equipment to Pakistan, with a 37% share of total imports. Moreover, mounting lifting equipment imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), sixfold. The third position in this ranking was taken by Australia (X units), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+8.0% per year) and Australia (0.0% per year).

In value terms, China ($X) constituted the largest supplier of lifting equipment designed for mounting on road vehicles to Pakistan, comprising 29% of total imports. The second position in the ranking was held by South Korea ($X), with an 8.1% share of total imports. It was followed by Italy, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+12.1% per year) and Italy (-17.7% per year).

Import Prices by Country

In 2021, the average mounting lifting equipment import price amounted to $X per unit, surging by 12% against the previous year. Overall, the import price continues to indicate slight growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 119%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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