Pakistan: Seeder And Planter Market 2024

Seeder And Planter Market Size in Pakistan

The Pakistani seeder and planter market reduced modestly to $X in 2021, waning by -1.5% against the previous year. Over the period under review, consumption, however, recorded a perceptible decline. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Seeder And Planter Production in Pakistan

In value terms, seeder and planter production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2016 with an increase of 42% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Seeder And Planter Exports

Exports from Pakistan

In 2021, the amount of seeders, planters, transplanters exported from Pakistan soared to X units, with an increase of 414% on 2020 figures. In general, exports, however, showed a deep reduction. The growth pace was the most rapid in 2019 when exports increased by 4,750% against the previous year. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, seeder and planter exports soared to $X in 2021. Overall, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 3,529%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Nigeria (X units) was the main destination for seeder and planter exports from Pakistan, with a 94% share of total exports. It was followed by Saudi Arabia (X units), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Nigeria totaled +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and Democratic Republic of the Congo (0.0% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for seeders, planters, transplanters exports from Pakistan, comprising 88% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 8.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+7.4% per year) and Democratic Republic of the Congo (+12.7% per year).

Export Prices by Country

In 2021, the average seeder and planter export price amounted to $X per unit, which is down by -16.5% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, seeder and planter export price decreased by -38.7% against 2016 indices. The growth pace was the most rapid in 2016 an increase of 35%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained 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 Saudi Arabia ($X per unit), while the average price for exports to Nigeria ($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 Botswana (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Seeder And Planter Imports

Imports into Pakistan

In 2016, overseas purchases of seeders, planters, transplanters decreased by 0% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2013 when imports increased by 46% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2016, imports stood at a somewhat lower figure.

In value terms, seeder and planter imports rose rapidly to $X in 2016. In general, imports recorded a abrupt setback. The growth pace was the most rapid in 2013 when imports increased by 20%. Imports peaked at $X in 2014; however, from 2015 to 2016, imports stood at a somewhat lower figure.

Imports by Country

In 2016, the UK (X units) constituted the largest seeder and planter supplier to Pakistan, accounting for a 67% share of total imports. Moreover, seeder and planter imports from the UK exceeded the figures recorded by the second-largest supplier, France (X units), fourfold. The third position in this ranking was taken by Malaysia (X units), with an 8.3% share.

From 2012 to 2016, the average annual rate of growth in terms of volume from the UK stood at +41.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+41.4% per year) and Malaysia (0.0% per year).

In value terms, the largest seeder and planter suppliers to Pakistan were France ($X), South Korea ($X) and the UK ($X), with a combined 57% share of total imports.

Among the main suppliers, France, with a CAGR of +114.2%, saw the highest rates of growth with regard to 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 seeder and planter import price stood at $X per unit in 2016, surging by 8.3% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. The import price peaked at $X per unit in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by India (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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