Pakistan: Market for Machinery For Moulding Or Retreading Pneumatic Tyres 2024

Market Size for Machinery For Moulding Or Retreading Pneumatic Tyres in Pakistan

The Pakistani pneumatic tyre retreading machinery market soared to $X in 2022, rising by 135% 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). Over the period under review, consumption, however, recorded a abrupt decline. Pneumatic tyre retreading machinery consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Exports of Machinery For Moulding Or Retreading Pneumatic Tyres

Exports from Pakistan

After two years of growth, overseas shipments of machinery for moulding or retreading pneumatic tyres decreased by -20% to X units in 2022. Overall, exports faced a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 235% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, pneumatic tyre retreading machinery exports reduced sharply to $X in 2022. Over the period under review, exports saw a precipitous curtailment. The pace of growth was the most pronounced in 2021 with an increase of 198% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) were the main destinations of pneumatic tyre retreading machinery exports from Pakistan, with a combined 75% share of total exports. These countries were followed by Qatar, which accounted for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for pneumatic tyre retreading machinery exported from Pakistan were Qatar ($X), the United Arab Emirates ($X) and Oman ($X), with a combined 99% share of total exports.

Qatar, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average pneumatic tyre retreading machinery export price amounted to $X per unit, falling by -16.4% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 138%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was 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 (-16.1%), while the prices for the other major destinations experienced a decline.

Imports of Machinery For Moulding Or Retreading Pneumatic Tyres

Imports into Pakistan

In 2022, the amount of machinery for moulding or retreading pneumatic tyres imported into Pakistan soared to X units, surging by 71% against the previous year. Over the period under review, imports, however, showed a deep downturn. The growth pace was the most rapid in 2020 when imports increased by 183% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, pneumatic tyre retreading machinery imports skyrocketed to $X in 2022. Overall, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 140%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of pneumatic tyre retreading machinery to Pakistan, with a 47% share of total imports. Moreover, pneumatic tyre retreading machinery imports from Italy exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. South Africa (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+19.6% per year) and South Africa (0.0% per year).

In value terms, the largest pneumatic tyre retreading machinery suppliers to Pakistan were Italy ($X), Taiwan (Chinese) ($X) and the UK ($X), together accounting for 80% of total imports.

Italy, with a CAGR of +31.5%, recorded 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

In 2022, the average pneumatic tyre retreading machinery import price amounted to $X per unit, increasing by 31% against the previous year. Overall, the import price, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, 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 Taiwan (Chinese) ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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