Pakistan: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Pakistan

The Pakistani market for machine-tools for working stone, ceramics, and concrete shrank sharply to $X in 2022, falling by -60.2% 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). Overall, consumption, however, posted a strong increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Pakistan

In 2022, approx. X units of machine-tools for working stone, ceramics, and concrete were exported from Pakistan; picking up by 81% against the year before. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 1,367%. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, machine tools for working stone exports skyrocketed to $X in 2022. Over the period under review, exports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 1,072% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for machine tools for working stone exports from Pakistan, accounting for a 54% share of total exports. Moreover, machine tools for working stone exports to the United Arab Emirates exceeded the volume sent to the second major destination, China (X units), threefold. The third position in this ranking was held by Afghanistan (X units), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+29.9% per year) and Afghanistan (+36.2% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Pakistan, comprising 55% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports. It was followed by Afghanistan, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+9.5% per year) and Afghanistan (+15.0% per year).

Export Prices by Country

The average export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, reducing by -5.6% against the previous year. In general, the export price showed a noticeable setback. The pace of growth appeared the most rapid in 2020 an increase of 93% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Afghanistan ($X per unit) and China ($X per unit), while the average price for exports to the United States ($X per unit) and Oman ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+13.0%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Pakistan

In 2022, approx. X units of machine-tools for working stone, ceramics, and concrete were imported into Pakistan; reducing by -47.3% on the previous year's figure. Over the period under review, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,093% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machine tools for working stone imports reduced sharply to $X in 2022. In general, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 968% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and Iran (X units) were the main suppliers of machine tools for working stone imports to Pakistan, with a combined 55% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +28.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Iran ($X) appeared to be the largest machine tools for working stone suppliers to Pakistan, with a combined 85% share of total imports.

Iran, with a CAGR of +27.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, reducing by -35.7% against the previous year. Over the period under review, the import price showed a drastic downturn. The pace of growth appeared the most rapid in 2018 an increase of 42% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Iran ($X per unit) and China ($X per unit), while the price for Spain ($X per unit) and Hong Kong SAR ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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