Pakistan: Wheeled Dozer Market 2024

Wheeled Dozer Market Size in Pakistan

The Pakistani wheeled dozer market rose remarkably to $X in 2022, increasing by 9.2% against the previous year. Over the period under review, consumption recorded a remarkable increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Wheeled Dozer Production in Pakistan

In value terms, wheeled dozer production rose notably to $X in 2022 estimated in export price. Over the period under review, production enjoyed strong growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 48%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Wheeled Dozer Exports

Exports from Pakistan

In 2022, overseas shipments of wheeled dozers decreased by 0% to X units, falling for the third consecutive year after three years of growth. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 250%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, wheeled dozer exports declined to $X in 2022. In general, exports saw strong growth. The growth pace was the most rapid in 2019 with an increase of 553% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for wheeled dozer exports from Pakistan, accounting for a 63% share of total exports. Moreover, wheeled dozer exports to the UK exceeded the volume sent to the second major destination, Oman (X units), tenfold. The third position in this ranking was held by Afghanistan (X units), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (0.0% per year) and Afghanistan (0.0% per year).

In value terms, Kenya ($X), Saudi Arabia ($X) and Oman ($X) were the largest markets for wheeled dozer exported from Pakistan worldwide, with a combined 74% share of total exports.

Oman, with a CAGR of +48.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wheeled dozer export price stood at $X per unit in 2022, waning by -9.4% against the previous year. In general, the export price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of 99% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to Afghanistan ($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 Oman (+48.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Dozer Imports

Imports into Pakistan

In 2022, approx. X units of wheeled dozers were imported into Pakistan; increasing by 9.4% compared with the previous year's figure. Over the period under review, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 when imports increased by 259%. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, wheeled dozer imports expanded rapidly to $X in 2022. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 278% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Austria (X units) constituted the largest wheeled dozer supplier to Pakistan, with a 24% share of total imports. Moreover, wheeled dozer imports from Austria exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was held by Japan (X units), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria totaled +32.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+23.1% per year) and Japan (+17.5% per year).

In value terms, Japan ($X), China ($X) and Austria ($X) were the largest wheeled dozer suppliers to Pakistan, with a combined 43% share of total imports.

Austria, with a CAGR of +66.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wheeled dozer import price amounted to $X per unit, picking up by 4.3% against the previous year. Overall, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 60%. The import price peaked at $X per unit in 2019; however, from 2020 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 Japan ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+36.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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