Pakistan: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Pakistan

After three years of growth, the Pakistani market for parts of harvester and threshers decreased by -5.9% to $X in 2021. Overall, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.4% against 2017 indices. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Production of Parts Of Harvester And Threshers in Pakistan

In value terms, parts of harvester and threshers production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +52.6% against 2017 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 37%. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Exports of Parts Of Harvester And Threshers

Exports from Pakistan

In 2021, overseas shipments of parts of harvester and threshers decreased by -13.7% to X units, falling for the third year in a row after three years of growth. Over the period under review, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2016 when exports increased by 531% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, parts of harvester and threshers exports soared to $X in 2021. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 465% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for parts of harvester and threshers exports from Pakistan, accounting for a 93% share of total exports. It was followed by Afghanistan (X units), with a 2.8% share of total exports. The third position in this ranking was held by Oman (X units), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia amounted to +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (+0.0% per year) and Oman (+12.9% per year).

In value terms, Malaysia ($X) remains the key foreign market for parts of harvester and threshers exports from Pakistan, comprising 94% of total exports. The second position in the ranking was taken by Italy ($X), with a 2.2% share of total exports. It was followed by Afghanistan, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia amounted to +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Afghanistan (-10.2% per year).

Export Prices by Country

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, rising by 39% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Afghanistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (-5.3%), while the prices for the other major destinations experienced a decline.

Imports of Parts Of Harvester And Threshers

Imports into Pakistan

After two years of growth, supplies from abroad of parts of harvester and threshers decreased by -44.1% to X units in 2021. Overall, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 99% against the previous year. Over the period under review, imports attained the maximum at X units in 2020, and then declined rapidly in the following year.

In value terms, parts of harvester and threshers imports dropped rapidly to $X in 2021. Over the period under review, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 60% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest parts of harvester and threshers supplier to Pakistan, with a 66% share of total imports. Moreover, parts of harvester and threshers imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. The third position in this ranking was held by the United States (X units), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.8% per year) and the United States (+12.5% per year).

In value terms, China ($X) constituted the largest supplier of parts of harvester and threshers to Pakistan, comprising 65% of total imports. The second position in the ranking was taken by Italy ($X), with an 8% share of total imports. It was followed by the United States, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +39.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.6% per year) and the United States (+14.2% per year).

Import Prices by Country

In 2021, the average import price for parts of harvester and threshers amounted to $X per unit, surging by 26% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of harvester and threshers import price decreased by -13.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 51% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform