Pakistan: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Pakistan

The Pakistani pedestrian-controlled tractor market fell to $X in 2022, waning by -3% against the previous year. Overall, consumption saw a resilient increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Pedestrian-Controlled Tractor Production in Pakistan

In value terms, pedestrian-controlled tractor production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 144% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Pedestrian-Controlled Tractor Exports

Exports from Pakistan

In 2022, the amount of pedestrian-controlled tractors exported from Pakistan soared to X units, picking up by 107% against the previous year's figure. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2016 with an increase of 2,400% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, pedestrian-controlled tractor exports surged to $X in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 2,044% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X units) was the main destination for pedestrian-controlled tractor exports from Pakistan, accounting for a 38% share of total exports. Moreover, pedestrian-controlled tractor exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fourfold. Oman (X units) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar totaled +71.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+60.4% per year) and Oman (+26.4% per year).

In value terms, Qatar ($X) remains the key foreign market for pedestrian-controlled tractors exports from Pakistan, comprising 60% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 10% share of total exports. It was followed by Nigeria, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value to Qatar totaled +75.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+66.2% per year) and Nigeria (+41.8% per year).

Export Prices by Country

In 2022, the average pedestrian-controlled tractor export price amounted to $X per unit, declining by -12.3% against the previous year. Over the period under review, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Oman ($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 the United Arab Emirates (+7.0%), while the prices for the other major destinations experienced a decline.

Pedestrian-Controlled Tractor Imports

Imports into Pakistan

In 2022, after four years of growth, there was decline in overseas purchases of pedestrian-controlled tractors, when their volume decreased by -4.4% to X units. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 533% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then fell in the following year.

In value terms, pedestrian-controlled tractor imports shrank dramatically to $X in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 599% against the previous year. Imports peaked at $X in 2021, and then reduced notably in the following year.

Imports by Country

The United Arab Emirates (X units), the UK (X units) and France (X units) were the main suppliers of pedestrian-controlled tractor imports to Pakistan, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +47.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of pedestrian-controlled tractors to Pakistan, comprising 79% of total imports. The second position in the ranking was held by the UK ($X), with a 14% share of total imports. It was followed by China, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +102.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+27.4% per year) and China (+26.0% per year).

Import Prices by Country

The average pedestrian-controlled tractor import price stood at $X per unit in 2022, which is down by -15.6% against the previous year. Over the period under review, the import price recorded a abrupt slump. The growth pace was the most rapid in 2016 when the average import price increased by 20% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 the United Arab Emirates ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-10.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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