Pakistan: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Pakistan

In 2022, the Pakistani pneumatic linear acting actuator market increased by 1.4% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a resilient expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Exports of Pneumatic Linear Acting Actuators

Exports from Pakistan

In 2022, shipments abroad of pneumatic linear acting actuators was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 254% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, pneumatic linear acting actuator exports expanded sharply to $X in 2022. In general, exports, however, faced a deep slump. The growth pace was the most rapid in 2013 with an increase of 385% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X units) was the main destination for pneumatic linear acting actuator exports from Pakistan, accounting for a 91% share of total exports. Moreover, pneumatic linear acting actuator exports to Bangladesh exceeded the volume sent to the second major destination, the United Arab Emirates (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bangladesh totaled +45.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-22.9% per year) and Germany (-35.6% per year).

In value terms, Bangladesh ($X) remains the key foreign market for pneumatic linear acting actuators exports from Pakistan, comprising 74% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bangladesh amounted to +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-15.7% per year) and Germany (-33.3% per year).

Export Prices by Country

The average pneumatic linear acting actuator export price stood at $X per unit in 2022, declining by -68.6% against the previous year. Overall, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 132% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 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 Germany ($X per unit), while the average price for exports to Bangladesh ($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 Turkey (+67.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Pakistan

Pneumatic linear acting actuator imports into Pakistan declined slightly to X units in 2022, which is down by -2.4% against the previous year. Overall, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 78%. As a result, imports reached the peak of X units, and then dropped modestly in the following year.

In value terms, pneumatic linear acting actuator imports totaled $X in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 43% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of pneumatic linear acting actuator imports to Pakistan, with a combined 66% share of total imports. Japan, Hungary, Switzerland, Taiwan (Chinese), South Korea, Singapore, the Netherlands, the United States and the United Arab Emirates lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +39.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) were the largest pneumatic linear acting actuator suppliers to Pakistan, together comprising 64% of total imports. Japan, Hungary, Switzerland, Taiwan (Chinese), South Korea, Singapore, the Netherlands, the United States and the United Arab Emirates lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +38.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, increasing by 7.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :