Pakistan: Parachute Market 2025

Parachute Market Size in Pakistan

The Pakistani parachute market contracted slightly to $X in 2021, almost unchanged from the previous year. Over the period under review, consumption, however, showed a noticeable contraction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Parachute Production in Pakistan

In value terms, parachute production contracted slightly to $X in 2021 estimated in export price. In general, production, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 34% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Parachute Exports

Exports from Pakistan

In 2021, the amount of parachutes and rotochutes exported from Pakistan skyrocketed to X kg, increasing by 141% compared with the year before. Overall, exports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2015 with an increase of 900% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, parachute exports soared to $X in 2021. Over the period under review, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 2,029%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

The United Arab Emirates (X kg), the UK (X kg) and the United States (X kg) were the main destinations of parachute exports from Pakistan, with a combined 96% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +44.2%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for parachutes and rotochutes exports from Pakistan, comprising 81% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8% share of total exports. It was followed by the UK, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +34.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+31.3% per year) and the UK (-14.0% per year).

Export Prices by Country

In 2021, the average parachute export price amounted to $X per ton, reducing by -17% against the previous year. In general, the export price, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2015 an increase of 86% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 France (+7.3%), while the prices for the other major destinations experienced a decline.

Parachute Imports

Imports into Pakistan

After two years of growth, supplies from abroad of parachutes and rotochutes decreased by -57.3% to X kg in 2021. In general, imports, however, saw temperate growth. The pace of growth was the most pronounced in 2016 when imports increased by 1,341%. Imports peaked at X kg in 2020, and then shrank markedly in the following year.

In value terms, parachute imports surged to $X in 2021. Over the period under review, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 886% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

France (X kg), the United States (X kg) and South Africa (X kg) were the main suppliers of parachute imports to Pakistan, together accounting for 53% of total imports. The UK, the United Arab Emirates, China, South Korea, Australia and Hong Kong SAR lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +33.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and South Africa ($X) constituted the largest parachute suppliers to Pakistan, with a combined 58% share of total imports.

The UK, with a CAGR of +90.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average parachute import price amounted to $X per ton, with an increase of 1,278% against the previous year. Over the period under review, the import price showed a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for China ($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 (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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