Pakistan: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Pakistan

The Pakistani ride-on compaction equipment market shrank remarkably to $X in 2022, which is down by -36.3% 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 saw a drastic downturn. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Ride-On Compaction Equipment Exports

Exports from Pakistan

Ride-on compaction equipment exports from Pakistan shrank dramatically to X units in 2022, declining by -21.4% against the previous year's figure. Overall, exports saw a pronounced slump. The growth pace was the most rapid in 2021 when exports increased by 75% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ride-on compaction equipment exports dropped rapidly to $X in 2022. Over the period under review, exports saw a pronounced reduction. The pace of growth appeared the most rapid in 2018 with an increase of 755%. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Kenya (X units) was the main destination for ride-on compaction equipment exports from Pakistan, accounting for a 55% share of total exports. Moreover, ride-on compaction equipment exports to Kenya exceeded the volume sent to the second major destination, Vietnam (X units), sixfold. The third position in this ranking was taken by Afghanistan (X units), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kenya totaled +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (0.0% per year) and Afghanistan (0.0% per year).

In value terms, Kenya ($X) remains the key foreign market for ride-on compaction equipment exports from Pakistan, comprising 84% of total exports. The second position in the ranking was held by Afghanistan ($X), with a 4.6% share of total exports. It was followed by Serbia, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value to Kenya totaled +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-9.5% per year) and Serbia (0.0% per year).

Export Prices by Country

In 2022, the average ride-on compaction equipment export price amounted to $X per unit, falling by -26.9% against the previous year. Overall, the export price, however, posted a slight expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 511% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then contracted notably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to the United Arab Emirates ($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 Bangladesh (+78.4%), while the prices for the other major destinations experienced a decline.

Ride-On Compaction Equipment Imports

Imports into Pakistan

In 2022, approx. X units of ride-on compaction equipment were imported into Pakistan; waning by -37.3% against the previous year. In general, imports saw a deep contraction. The growth pace was the most rapid in 2016 with an increase of 447%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, ride-on compaction equipment imports declined remarkably to $X in 2022. Over the period under review, imports showed a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by 447% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Australia (X units), Afghanistan (X units) and China (X units) were the main suppliers of ride-on compaction equipment imports to Pakistan, with a combined 41% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +14.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X), Germany ($X) and China ($X) were the largest ride-on compaction equipment suppliers to Pakistan, with a combined 46% share of total imports. Sweden, Belgium, Australia, Japan, Qatar, India and the United States lagged somewhat behind, together accounting for a further 30%.

Belgium, with a CAGR of +25.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ride-on compaction equipment import price stood at $X per unit in 2022, growing by 9% against the previous year. Over the period under review, the import price, however, recorded a perceptible setback. The growth pace was the most rapid in 2019 an increase of 20%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 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 Germany ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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