Pakistan: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Pakistan

The Pakistani machine-tool for working wood market skyrocketed to $X in 2021, growing by 30% against the previous year. Over the period under review, consumption saw a strong expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Machine-Tools For Working Wood in Pakistan

In value terms, machine-tool for working wood production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 42% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports from Pakistan

After two years of growth, overseas shipments of machine-tools for working wood decreased by -77.3% to X tons in 2021. Overall, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 168%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for working wood exports shrank rapidly to $X in 2021. In general, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 211%. 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

The United Arab Emirates (X tons) was the main destination for machine-tool for working wood exports from Pakistan, with a 85% share of total exports. Moreover, machine-tool for working wood exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X kg), more than tenfold. Malawi (X kg) ranked third in terms of total exports with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled -11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-16.6% per year) and Malawi (-91.4% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for machine-tools for working wood exports from Pakistan, comprising 61% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 14% share of total exports. It was followed by Qatar, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-22.1% per year) and Qatar (+7.9% per year).

Export Prices by Country

The average machine-tool for working wood export price stood at $X per ton in 2021, declining by -41.2% against the previous year. Over the period under review, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 153%. The export price peaked at $X per ton in 2020, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+32.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Wood

Imports into Pakistan

In 2021, approx. X tons of machine-tools for working wood were imported into Pakistan; picking up by 114% compared with 2020. In general, imports saw prominent growth. The growth pace was the most rapid in 2019 when imports increased by 135%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, machine-tool for working wood imports surged to $X in 2021. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 88% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of machine-tool for working wood to Pakistan, with a 83% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+9.2% per year) and the United Arab Emirates (-4.8% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working wood to Pakistan, comprising 88% of total imports. The second position in the ranking was taken by Italy ($X), with a 2.5% share of total imports. It was followed by Germany, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-12.8% per year) and Germany (+8.7% per year).

Import Prices by Country

In 2021, the average machine-tool for working wood import price amounted to $X per ton, shrinking by -27% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 37%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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