Pakistan: Relay Market 2025

Relay Market Size in Pakistan

The Pakistani relay market dropped significantly to $X in 2022, shrinking by -19.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Relay Exports

Exports from Pakistan

In 2022, approx. X units of relays were exported from Pakistan; picking up by 61% against 2021 figures. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 399% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, relay exports shrank slightly to $X in 2022. In general, exports, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2018 when exports increased by 608%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for relay exports from Pakistan, accounting for a 80% share of total exports. Moreover, relay exports to Germany exceeded the volume sent to the second major destination, the United Arab Emirates (X units), eightfold. The third position in this ranking was held by Sri Lanka (X units), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+3.3% per year) and Sri Lanka (+18.6% per year).

In value terms, Germany ($X) remains the key foreign market for relays exports from Pakistan, comprising 87% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 1.8% share of total exports. It was followed by Singapore, with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-18.1% per year) and Singapore (-4.9% per year).

Export Prices by Country

In 2022, the average relay export price amounted to $X per unit, reducing by -37.8% against the previous year. In general, the export price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 58%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Sri Lanka ($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 States (+61.9%), while the prices for the other major destinations experienced mixed trend patterns.

Relay Imports

Imports into Pakistan

In 2022, relay imports into Pakistan contracted notably to X units, shrinking by -17.1% on the previous year's figure. In general, imports saw a mild slump. The most prominent rate of growth was recorded in 2017 when imports increased by 61% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, relay imports dropped markedly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 69% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and Germany (X units) were the main suppliers of relay imports to Pakistan, with a combined 53% share of total imports. The United Arab Emirates, Poland, Spain, the UK, the United States, France, Switzerland, Italy, South Korea and Finland lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +9.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United Arab Emirates ($X) and China ($X) appeared to be the largest relay suppliers to Pakistan, together accounting for 53% of total imports. Japan, Poland, Spain, the UK, France, Switzerland, the United States, Italy, Finland and South Korea lagged somewhat behind, together accounting for a further 38%.

Poland, with a CAGR of +13.1%, saw the highest rates of growth with regard to 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 2022, the average relay import price amounted to $X per unit, dropping by -3.3% 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 2020 when the average import price increased by 54% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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