Report Update Nov 1, 2024

Pakistan - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Pakistan: Lifting Equipment Market 2024

Lifting Equipment Market Size in Pakistan

For the third year in a row, the Pakistani lifting equipment market recorded decline in sales value, which decreased by -89.1% to $X in 2021. In general, consumption recorded a abrupt downturn. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Lifting Equipment Exports

Exports from Pakistan

After four years of growth, overseas shipments of lifting equipment decreased by -83.3% to X units in 2021. Overall, exports, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2015 with an increase of 300% against the previous year. The exports peaked at X units in 2020, and then declined sharply in the following year.

In value terms, lifting equipment exports amounted to $X in 2021. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 477%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for lifting equipment exports from Pakistan, accounting for a 100% share of total exports. Moreover, lifting equipment exports to China exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +13.0%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for lifting equipment exports from Pakistan, comprising 90% of total exports. The second position in the ranking was taken by China ($X), with a 9.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at -6.7%.

Export Prices by Country

In 2021, the average lifting equipment export price amounted to $X per unit, rising by 479% against the previous year. In general, the export price, however, faced a deep slump. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+985.4%), while the prices for the other major destinations experienced mixed trend patterns.

Lifting Equipment Imports

Imports into Pakistan

For the third year in a row, Pakistan recorded decline in purchases abroad of lifting equipment, which decreased by -88.6% to X units in 2021. In general, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2015 with an increase of 2,215%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, lifting equipment imports dropped markedly to $X in 2021. Over the period under review, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2017 when imports increased by 64,732%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X units), Thailand (X units) and China (X units) were the main suppliers of lifting equipment imports to Pakistan, with a combined 70% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +14.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of lifting equipment to Pakistan, comprising 24% of total imports. The second position in the ranking was taken by Turkey ($X), with a 7.9% share of total imports. It was followed by the Netherlands, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand stood at +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-15.6% per year) and the Netherlands (-0.0% per year).

Import Prices by Country

In 2021, the average lifting equipment import price amounted to $X per unit, rising by 210% against the previous year. Overall, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 388,766% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Saudi Arabia ($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 (+26.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lifting equipment in the world?

The countries with the highest volumes of lifting equipment consumption in 2020 were China, the United States and India, with a combined 35% share of global consumption. Italy, Japan, Germany, Brazil, Russia, Pakistan, Bangladesh, Indonesia, France and Ethiopia lagged somewhat behind, together comprising a further 33%.

What are the largest producers of lifting equipment in the world?

The country with the largest volume of lifting equipment production was China, comprising approx. 21% of total volume. Moreover, lifting equipment production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.1% share.

What are the leading suppliers of lifting equipment to Pakistan?

In value terms, China constituted the largest supplier of lifting equipment to Pakistan, comprising 71% of total imports. The second position in the ranking was occupied by Turkey, with a 23% share of total imports.

What are the leading importers of lifting equipment from Pakistan?

In value terms, China remains the key foreign market for lifting equipment exports from Pakistan, comprising 97% of total exports. The second position in the ranking was occupied by Kenya, with a 3.1% share of total exports.

What is the average export price for lifting equipment in Pakistan?

In 2020, the average lifting equipment export price amounted to $5,022 per unit, reducing by -30.3% against the previous year.

What is the average import price for lifting equipment in Pakistan?

The average lifting equipment import price stood at $5,381 per unit in 2020, which is down by -71.6% against the previous year.

This report provides an in-depth analysis of the lifting equipment market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023