Pakistan: Threshing Machinery Market 2024

Threshing Machinery Market Size in Pakistan

The Pakistani threshing machinery market stood at $X in 2022, growing by 4.3% against the previous year. Overall, consumption, however, saw a slight decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Threshing Machinery Production in Pakistan

In value terms, threshing machinery production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight slump. The growth pace was the most rapid in 2020 when the production volume increased by 19% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Threshing Machinery Exports

Exports from Pakistan

In 2022, shipments abroad of threshing machinery except combine harvester-threshers decreased by -90.7% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a precipitous descent. The pace of growth appeared the most rapid in 2020 with an increase of 153% against the previous year. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, threshing machinery exports contracted markedly to $X in 2022. Overall, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 156%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Afghanistan (X units) was the main destination for threshing machinery exports from Pakistan, with a 75% share of total exports. Moreover, threshing machinery exports to Afghanistan exceeded the volume sent to the second major destination, Nigeria (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Afghanistan stood at -25.3%.

In value terms, Afghanistan ($X) remains the key foreign market for threshing machinery except combine harvester-threshers exports from Pakistan, comprising 79% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 5.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan stood at -20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-34.4% per year) and Zimbabwe (-19.5% per year).

Export Prices by Country

In 2022, the average threshing machinery export price amounted to $X per unit, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Afghanistan ($X per unit), while the average price for exports to Zimbabwe ($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 Zimbabwe (+15.4%), while the prices for the other major destinations experienced mixed trend patterns.

Threshing Machinery Imports

Imports into Pakistan

In 2022, imports of threshing machinery except combine harvester-threshers into Pakistan declined significantly to X units, with a decrease of -15.2% on the previous year's figure. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 248%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, threshing machinery imports contracted sharply to $X in 2022. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 244%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

Italy (X units), Poland (X units) and Turkey (X units) were the main suppliers of threshing machinery imports to Pakistan, with a combined 48% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +46.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of threshing machinery except combine harvester-threshers to Pakistan, comprising 24% of total imports. The second position in the ranking was held by Poland ($X), with a 7.8% share of total imports. It was followed by Austria, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +45.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+46.4% per year) and Austria (+22.0% per year).

Import Prices by Country

In 2022, the average threshing machinery import price amounted to $X per unit, shrinking by -7.3% against the previous year. Overall, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2017 an increase of 25%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Denmark ($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 (+18.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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