Pakistan: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Pakistan

The Pakistani machine-tool for removing material market skyrocketed to $X in 2021, growing by 55% 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 saw a significant increase. Machine-tool for removing material consumption peaked in 2021 and is likely to see steady growth in the near future.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Pakistan

In 2021, shipments abroad of machine-tools for working any material by removal of material decreased by -50% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 50% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for removing material exports soared to $X in 2021. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 631% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for machine-tool for removing material exports from Pakistan, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Spain was relatively modest.

In value terms, Spain ($X) emerged as the key foreign market for machine-tools for working any material by removal of material exports from Pakistan, comprising 94% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 2.9% share of total exports. It was followed by China, with a 0.3% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +162.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-8.3% per year) and China (+34.3% per year).

Export Prices by Country

In 2021, the average machine-tool for removing material export price amounted to $X per unit, with an increase of 505% against the previous year. Over the period under review, the export price enjoyed significant growth. The pace of growth appeared the most rapid in 2015 an increase of 1,241% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to China ($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 South Korea (+946.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Pakistan

For the fourth consecutive year, Pakistan recorded growth in overseas purchases of machine-tools for working any material by removal of material, which increased by 68% to X units in 2021. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 160% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, machine-tool for removing material imports expanded remarkably to $X in 2021. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 92%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of machine-tool for removing material to Pakistan, with a 74% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), sevenfold. The third position in this ranking was held by Austria (X units), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +54.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+35.4% per year) and Austria (+586.4% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Pakistan, comprising 52% of total imports. The second position in the ranking was taken by Turkey ($X), with a 20% share of total imports. It was followed by Spain, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+20.8% per year) and Spain (+23.5% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2021, falling by -36.7% against the previous year. In general, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2014 when the average import price increased by 38% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Swaziland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-9.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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