Price for Tugs and Pusher Craft in Pakistan - 2022

Contents:

1. Price for Tugs and Pusher Craft in Pakistan (FOB) - 2022
2. Price for Tugs and Pusher Craft in Pakistan (CIF) - 2022
3. Exports of Tugs and Pusher Craft in Pakistan
4. Imports of Tugs and Pusher Craft in Pakistan

Price for Tugs and Pusher Craft in Pakistan (FOB) - 2022

In 2022, the average tugs and pusher craft export price amounted to $2,096,469 per unit, with an increase of 36% against the previous year. Overall, the export price, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2016 an increase of 52,371% against the previous year. The export price peaked at $3,490,547 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -3.5% per year.

Price for Tugs and Pusher Craft in Pakistan (CIF) - 2022

The average tugs and pusher craft import price stood at $475,602 per unit in 2022, rising by 96% against the previous year. In general, the import price saw a prominent increase. The pace of growth appeared the most rapid in 2018 an increase of 256% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($1,047,718 per unit), while the price for the Netherlands ($7,724 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+44.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Tugs and Pusher Craft in Pakistan

In 2022, shipments abroad of tugs and pusher crafts decreased by -50% to 1 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a sharp contraction. The exports peaked at 4 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, tugs and pusher craft exports contracted rapidly to $2.1M in 2022. In general, exports faced a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 180% against the previous year. Over the period under review, the exports reached the maximum at $12M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Tugs and Pusher Craft from Pakistan in 2022:

1. United Arab Emirates (1.0 units)

Imports of Tugs and Pusher Craft in Pakistan

For the third consecutive year, Pakistan recorded decline in purchases abroad of tugs and pusher crafts, which decreased by 99.9% to less than 0.1 units in 2022. Over the period under review, imports saw a significant decrease. The smallest decline of -88.9% was in 2021. Over the period under review, imports hit record highs at 82 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, tugs and pusher craft imports contracted sharply to $180K in 2022. In general, imports recorded a sharp contraction. Over the period under review, imports reached the maximum at $11M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Tugs and Pusher Craft to Pakistan in 2022:

1. China (5.0 units)
2. Turkey (2.0 units)
3. United States (1.0 units)
4. Netherlands (1.0 units)

Source: IndexBox Market Intelligence Platform