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

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

The Pakistani numerically controlled sharpening machine market declined rapidly to $X in 2022, which is down by -16.6% against the previous year. Overall, consumption, however, posted a significant increase. Numerically controlled sharpening machine consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Numerically Controlled Sharpening Machines For Working Metal in Pakistan

In value terms, numerically controlled sharpening machine production surged to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt curtailment. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports from Pakistan

In 2022, the amount of numerically controlled sharpening machines for working metal exported from Pakistan skyrocketed to X units, rising by 25% against the previous year's figure. Overall, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 50% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, numerically controlled sharpening machine exports soared to $X in 2022. In general, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 4,304% 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

Saudi Arabia (X units), Oman (X units) and Bahrain (X units) were the main destinations of numerically controlled sharpening machine exports from Pakistan, together comprising 80% of total exports. Moreover, numerically controlled sharpening machine exports in Saudi Arabia exceeded the figures recorded by the second-largest exporter, Oman, twofold.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for numerically controlled sharpening machines for working metal exports from Pakistan, comprising 81% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total exports. It was followed by Oman, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-24.9% per year) and Oman (-7.1% per year).

Export Prices by Country

The average numerically controlled sharpening machine export price stood at $X per unit in 2022, increasing by 179% against the previous year. Overall, the export price continues to indicate moderate growth. The growth pace was the most rapid in 2020 an increase of 2,836%. 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 lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Bahrain ($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 Saudi Arabia (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports into Pakistan

In 2022, approx. X units of numerically controlled sharpening machines for working metal were imported into Pakistan; falling by -20% against 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 1,375% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, numerically controlled sharpening machine imports shrank to $X in 2022. In general, imports, however, recorded modest growth. The growth pace was the most rapid in 2013 when imports increased by 7,292%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X units), the United Arab Emirates (X units) and Germany (X units) were the main suppliers of numerically controlled sharpening machine imports to Pakistan, together comprising 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of numerically controlled sharpening machines for working metal to Pakistan, comprising 81% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by the United Arab Emirates, with a 0.7% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.2% per year) and the United Arab Emirates (-36.5% per year).

Import Prices by Country

In 2022, the average numerically controlled sharpening machine import price amounted to $X per unit, increasing by 9.6% against the previous year. Over the period under review, the import price saw modest growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 401%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Thailand ($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 (+17.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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