Pakistan: Transmission Shaft Market 2024

Transmission Shaft Market Size in Pakistan

The Pakistani transmission shaft market declined markedly to $X in 2022, which is down by -25.5% 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). Overall, consumption, however, recorded a relatively flat trend pattern. Transmission shaft consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Transmission Shaft Exports

Exports from Pakistan

In 2022, approx. X tons of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain were exported from Pakistan; increasing by 9.8% against 2021. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 136% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, transmission shaft exports surged to $X in 2022. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 178%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Turkey (X tons), the United Arab Emirates (X tons) and Romania (X tons) were the main destinations of transmission shaft exports from Pakistan, with a combined 70% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +129.1%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Turkey ($X) and Germany ($X) were the largest markets for transmission shaft exported from Pakistan worldwide, together accounting for 80% of total exports.

Among the main countries of destination, Romania, with a CAGR of +145.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average transmission shaft export price amounted to $X per ton, growing by 20% against the previous year. In general, the export price showed a perceptible increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 141%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average 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 ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Shaft Imports

Imports into Pakistan

In 2022, transmission shaft imports into Pakistan reduced dramatically to X tons, dropping by -31.2% against 2021 figures. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 56%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, transmission shaft imports declined rapidly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 70% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest transmission shaft supplier to Pakistan, accounting for a 52% share of total imports. Moreover, transmission shaft imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-0.5% per year) and Germany (-4.7% per year).

In value terms, China ($X) constituted the largest supplier of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain to Pakistan, comprising 41% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.1% share of total imports. It was followed by Germany, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+7.6% per year) and Germany (-4.0% per year).

Import Prices by Country

The average transmission shaft import price stood at $X per ton in 2022, rising by 11% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 15%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 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 Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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