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

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

The Pakistani numerically controlled drilling machine market skyrocketed to $X in 2021, growing by 16% 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 saw a remarkable increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Pakistan

In 2021, numerically controlled drilling machine exports from Pakistan surged to X kg, increasing by 26% compared with 2020. Overall, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2015 when exports increased by 331% against the previous year. As a result, the exports reached the peak of X kg. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, numerically controlled drilling machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of 438%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Nigeria (X kg) was the main destination for numerically controlled drilling machine exports from Pakistan, with a 54% share of total exports. Moreover, numerically controlled drilling machine exports to Nigeria exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), twofold. Saudi Arabia (X kg) ranked third in terms of total exports with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria stood at -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-7.7% per year) and Saudi Arabia (+17.4% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for numerically controlled drilling machines for working metal exports from Pakistan, comprising 66% of total exports. The second position in the ranking was held by Nigeria ($X), with a 19% share of total exports. It was followed by the United Arab Emirates, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia stood at +27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-51.3% per year) and the United Arab Emirates (+1.4% per year).

Export Prices by Country

In 2021, the average numerically controlled drilling machine export price amounted to $X per ton, picking up by 21% against the previous year. Over the period under review, the export price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2016 an increase of 68%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($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 (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Pakistan

In 2021, after two years of decline, there was significant growth in overseas purchases of numerically controlled drilling machines for working metal, when their volume increased by 31% to X tons. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 825%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports expanded significantly to $X in 2021. Overall, imports showed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 796% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Vietnam (X kg) were the main suppliers of numerically controlled drilling machine imports to Pakistan, with a combined 79% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +69.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to Pakistan, comprising 53% of total imports. The second position in the ranking was held by Vietnam ($X), with a 13% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (0.0% per year) and Germany (+51.6% per year).

Import Prices by Country

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, shrinking by -19.1% against the previous year. In general, the import price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 57%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then shrank rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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