Pakistan: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Pakistan

The Pakistani non-numerically controlled drilling machine market shrank remarkably to $X in 2021, which is down by -34.3% 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 saw a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Pakistan

In 2021, exports of non-numerically controlled drilling machines for working metal from Pakistan fell markedly to X kg, declining by -69.4% against the year before. In general, exports faced a significant decline. The growth pace was the most rapid in 2018 when exports increased by 355% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports fell rapidly to $X in 2021. Overall, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2015 with an increase of 863%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bangladesh (X kg), Oman (X kg) and the United Arab Emirates (X kg) were the main destinations of non-numerically controlled drilling machine exports from Pakistan, with a combined 89% share of total exports. Bahrain lagged somewhat behind, accounting for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of -7.8%), while the other leaders experienced a decline.

In value terms, Bangladesh ($X) emerged as the key foreign market for non-numerically controlled drilling machines for working metal exports from Pakistan, comprising 66% of total exports. The second position in the ranking was held by Bahrain ($X), with a 22% share of total exports. It was followed by the United Arab Emirates, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Bangladesh amounted to -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-3.5% per year) and the United Arab Emirates (-46.7% per year).

Export Prices by Country

The average non-numerically controlled drilling machine export price stood at $X per ton in 2021, with an increase of 140% against the previous year. Overall, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 702% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Bahrain ($X per ton), while the average price for exports to Oman ($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 Oman (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Pakistan

In 2021, purchases abroad of non-numerically controlled drilling machines for working metal decreased by -12.3% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 when imports increased by 137%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, non-numerically controlled drilling machine imports dropped remarkably to $X in 2021. In general, imports faced a drastic downturn. The growth pace was the most rapid in 2014 when imports increased by 131%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of non-numerically controlled drilling machine to Pakistan, accounting for a 37% share of total imports. Moreover, non-numerically controlled drilling machine imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+10.9% per year) and Hong Kong SAR (+2.6% per year).

In value terms, China ($X) constituted the largest supplier of non-numerically controlled drilling machines for working metal to Pakistan, comprising 37% of total imports. The second position in the ranking was held by South Korea ($X), with a 12% share of total imports. It was followed by Hong Kong SAR, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+6.8% per year) and Hong Kong SAR (-1.1% per year).

Import Prices by Country

In 2021, the average non-numerically controlled drilling machine import price amounted to $X per ton, reducing by -37.5% against the previous year. Overall, the import price recorded a pronounced downturn. The growth pace was the most rapid in 2020 an increase of 42% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped markedly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the United States ($X per ton) and Malaysia ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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