Pakistan: Non-Household Fan Market 2024

Non-Household Fan Market Size in Pakistan

The Pakistani non-household fan market shrank dramatically to $X in 2022, reducing by -50.8% 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, enjoyed buoyant growth. As a result, consumption reached the peak level of $X, and then reduced rapidly in the following year.

Non-Household Fan Exports

Exports from Pakistan

In 2022, after three years of decline, there was significant growth in shipments abroad of non-household ventilation fans, when their volume increased by 18% to X units. Overall, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 602% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-household fan exports rose rapidly to $X in 2022. In general, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2018 with an increase of 646% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Oman (X units) and the United Arab Emirates (X units) were the main destinations of non-household fan exports from Pakistan.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +11.8%).

In value terms, the United Arab Emirates ($X) remains the key foreign market for non-household ventilation fans exports from Pakistan, comprising 46% of total exports. The second position in the ranking was held by Oman ($X), with a 4.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at -14.7%.

Export Prices by Country

In 2022, the average non-household fan export price amounted to $X per unit, shrinking by -7.5% against the previous year. In general, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2015 an increase of 38% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 Oman amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.0%), while the prices for the other major destinations experienced a decline.

Non-Household Fan Imports

Imports into Pakistan

In 2022, the amount of non-household ventilation fans imported into Pakistan dropped significantly to X units, waning by -32.8% compared with the year before. Overall, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 184% against the previous year. As a result, imports reached the peak of X units, and then declined significantly in the following year.

In value terms, non-household fan imports contracted remarkably to $X in 2022. Over the period under review, imports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2021 when imports increased by 218%. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-household fan to Pakistan, accounting for a 39% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+10.3% per year) and Germany (-13.5% per year).

In value terms, China ($X) constituted the largest supplier of non-household ventilation fans to Pakistan, comprising 40% of total imports. The second position in the ranking was held by Germany ($X), with a 1.6% share of total imports. It was followed by the United Arab Emirates, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-19.2% per year) and the United Arab Emirates (+3.5% per year).

Import Prices by Country

The average non-household fan import price stood at $X per unit in 2022, declining by -48.3% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2017 an increase of 48% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then reduced rapidly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and Germany ($X per unit), while the price for Turkey ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform