Pakistan: Pump For Liquid Market 2024

Pump For Liquid Market Size in Pakistan

In 2021, the Pakistani pump for liquid market decreased by -2.7% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, continues to indicate tangible growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Pump For Liquid Exports

Exports from Pakistan

In 2021, shipments abroad of pumps for liquids and liquid elevators increased by 358% to X units, rising for the third year in a row after two years of decline. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pump for liquid exports contracted to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 157% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for pump for liquid exports from Pakistan, accounting for a 75% share of total exports. Moreover, pump for liquid exports to the United Arab Emirates exceeded the volume sent to the second major destination, Germany (X units), sixfold. Poland (X units) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.3% per year) and Poland (+22.6% per year).

In value terms, Germany ($X), the United Arab Emirates ($X) and Poland ($X) were the largest markets for pump for liquid exported from Pakistan worldwide, together comprising 30% of total exports. Turkey, Serbia, Afghanistan and Guyana lagged somewhat behind, together accounting for a further 5%.

Serbia, with a CAGR of +138.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, falling by -81.3% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 316%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Afghanistan ($X per unit), while the average price for exports to the United Arab Emirates ($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 Serbia (+32.1%), while the prices for the other major destinations experienced a decline.

Pump For Liquid Imports

Imports into Pakistan

Pump for liquid imports into Pakistan stood at X units in 2021, with an increase of 14% on the year before. Overall, imports recorded a noticeable increase. The growth pace was the most rapid in 2014 with an increase of 151% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, pump for liquid imports reached $X in 2021. In general, imports recorded a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 44% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Brazil (X units) and the United Arab Emirates (X units) were the main suppliers of pump for liquid imports to Pakistan, together accounting for 69% of total imports. Thailand, Japan, the United States, Germany and Turkey lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +21.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of pumps for liquids and liquid elevators to Pakistan, comprising 52% of total imports. The second position in the ranking was held by Brazil ($X), with a 14% share of total imports. It was followed by Japan, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+3.3% per year) and Japan (+9.3% per year).

Import Prices by Country

The average pump for liquid import price stood at $X per unit in 2021, almost unchanged from the previous year. Overall, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pump for liquid import price increased by +22.5% against 2017 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 96% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, 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 China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform