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

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

The Pakistani non-numerically controlled sharpening machine market totaled $X in 2022, growing by 12% against the previous year. In general, consumption saw a resilient expansion. Non-numerically controlled sharpening machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Pakistan

In value terms, non-numerically controlled sharpening machine production stood at $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 72% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Pakistan

Non-numerically controlled sharpening machine exports from Pakistan soared to X units in 2022, increasing by 180% against 2021. Overall, exports posted tangible growth. The pace of growth appeared the most rapid in 2013 when exports increased by 209% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine exports surged to $X in 2022. Over the period under review, exports continue to indicate a mild increase. The pace of growth was the most pronounced in 2020 when exports increased by 2,455%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for non-numerically controlled sharpening machine exports from Pakistan, with a 68% share of total exports. Moreover, non-numerically controlled sharpening machine exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X units), more than tenfold. Tanzania (X units) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +25.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-21.3% per year) and Tanzania (0.0% per year).

In value terms, the largest markets for non-numerically controlled sharpening machine exported from Pakistan were the United Arab Emirates ($X), Saudi Arabia ($X) and Kenya ($X), together comprising 79% of total exports.

Kenya, with a CAGR of +28.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-numerically controlled sharpening machine export price amounted to $X per unit, surging by 404% against the previous year. Overall, the export price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2020 an increase of 906%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat 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 the United Arab Emirates ($X per unit), while the average price for exports to Tanzania ($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 Afghanistan (+93.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Pakistan

In 2022, approx. X units of non-numerically controlled sharpening machines for working metal were imported into Pakistan; with an increase of 20% on the year before. Overall, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 384% against the previous year. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine imports skyrocketed to $X in 2022. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 279% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest non-numerically controlled sharpening machine supplier to Pakistan, accounting for a 51% share of total imports. Moreover, non-numerically controlled sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was held by France (X units), with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+24.6% per year) and France (+24.6% per year).

In value terms, the largest non-numerically controlled sharpening machine suppliers to Pakistan were France ($X), China ($X) and the UK ($X), with a combined 77% share of total imports. Italy, Taiwan (Chinese), Germany, the United States, the Netherlands, Thailand, Canada and Singapore lagged somewhat behind, together comprising a further 15%.

Germany, with a CAGR of +52.8%, 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 non-numerically controlled sharpening machine import price stood at $X per unit in 2022, rising by 36% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-numerically controlled sharpening machine import price increased by +70.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 36%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, 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 ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+42.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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