Pakistan: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Pakistan

The Pakistani self-propelled boring machinery market fell markedly to $X in 2022, declining by -58.4% 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, however, enjoyed a significant expansion. Self-propelled boring machinery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Self-Propelled Boring Machinery Exports

Exports from Pakistan

In 2022, approx. X units of self-propelled boring or sinking machinery were exported from Pakistan; falling by -33.3% compared with 2021 figures. Over the period under review, exports saw a deep downturn. The growth pace was the most rapid in 2019 when exports increased by 733% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, self-propelled boring machinery exports rose slightly to $X in 2022. In general, exports saw a sharp contraction. The pace of growth appeared the most rapid in 2017 with an increase of 1,223% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X units) and the United Arab Emirates (X units) were the main destinations of self-propelled boring machinery exports from Pakistan.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of 0.0%).

In value terms, Japan ($X) remains the key foreign market for self-propelled boring or sinking machinery exports from Pakistan, comprising 67% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 33% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at -18.3%.

Export Prices by Country

The average self-propelled boring machinery export price stood at $X per unit in 2022, with an increase of 55% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 958%. The export price peaked 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 Japan ($X per unit), while the average price for exports to the United Arab Emirates totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.9%).

Self-Propelled Boring Machinery Imports

Imports into Pakistan

In 2022, approx. X units of self-propelled boring or sinking machinery were imported into Pakistan; with a decrease of -63.3% compared with 2021 figures. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 168%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, self-propelled boring machinery imports contracted markedly to $X in 2022. In general, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 447%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest self-propelled boring machinery supplier to Pakistan, with a 55% share of total imports. Moreover, self-propelled boring machinery imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fivefold. The third position in this ranking was taken by Colombia (X units), with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+19.6% per year) and Colombia (+2.9% per year).

In value terms, China ($X) constituted the largest supplier of self-propelled boring or sinking machinery to Pakistan, comprising 62% of total imports. The second position in the ranking was held by Colombia ($X), with a 12% share of total imports. It was followed by South Korea, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+7.4% per year) and South Korea (+28.1% per year).

Import Prices by Country

In 2022, the average self-propelled boring machinery import price amounted to $X per unit, surging by 44% against the previous year. Over the period under review, the import price showed a prominent increase. The growth pace was the most rapid in 2014 an increase of 142%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+72.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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