Pakistan - Boring Or Sinking Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBoring Machinery Price in Pakistan - 2023
Contents:
- Boring Machinery Price in Pakistan (CIF) - 2022
- Boring Machinery Price in Pakistan (FOB) - 2022
- Boring Machinery Imports in Pakistan
- Boring Machinery Exports in Pakistan
Boring Machinery Price in Pakistan (CIF) - 2022
In 2022, the average boring machinery import price amounted to $38,900 per unit, declining by -32.2% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the average import price increased by 7.1%. As a result, import price reached the peak level of $112,636 per unit. From 2020 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Singapore ($38,069 per unit) and the UK ($38,068 per unit), while the price for France ($35,808 per unit) and Germany ($38,065 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-9.1%), while the prices for the other major suppliers experienced a decline.
Boring Machinery Price in Pakistan (FOB) - 2022
The average boring machinery export price stood at $359,436 per unit in 2022, increasing by 91% against the previous year. Overall, the export price recorded strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($408,423 per unit), while the average price for exports to Iraq amounted to $358,373 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.
Boring Machinery Imports in Pakistan
Boring machinery imports into Pakistan reduced dramatically to 264 units in 2022, dropping by -37.1% against 2021 figures. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 236% against the previous year. As a result, imports reached the peak of 420 units, and then contracted significantly in the following year.
In value terms, boring machinery imports fell remarkably to $10M in 2022. In general, imports showed a sharp setback. The pace of growth was the most pronounced in 2021 when imports increased by 143% against the previous year. Over the period under review, imports attained the peak figure at $37M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Boring Machinery in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.9 | 1.3 | 15.3 | 5.3 | 22.3% |
| China | 22.5 | 4.9 | 6.0 | 3.6 | -45.7% |
| Singapore | 0.7 | 0.8 | 0.2 | 0.2 | -34.1% |
| France | 0.9 | N/A | 0.4 | 0.2 | -39.4% |
| United Kingdom | 1.2 | 0.1 | 0.3 | 0.2 | -45.0% |
| Turkmenistan | 5.2 | N/A | N/A | N/A | 0% |
| Others | 4.0 | 2.8 | 1.8 | 0.8 | -41.5% |
| Total | 37.4 | 9.9 | 24.1 | 10.3 | -34.9% |
Top Suppliers of Boring Machinery to Pakistan in 2022:
- United States (139.0 units)
- China (95.0 units)
- Singapore (5.0 units)
- United Kingdom (5.0 units)
- France (4.0 units)
Boring Machinery Exports in Pakistan
For the third year in a row, Pakistan recorded decline in shipments abroad of boring or sinking machinery, which decreased by -60% to 2 units in 2022. Over the period under review, exports saw a sharp downturn. The smallest decline of -58.3% was in 2021. The exports peaked at 217 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, boring machinery exports declined remarkably to $735K in 2022. In general, exports recorded a sharp decline. The exports peaked at $38M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Boring Machinery in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 35.6 | 0.1 | 0.9 | 0.7 | -73.0% |
| Oman | N/A | 0.7 | N/A | N/A | 0% |
| Japan | 0.5 | N/A | N/A | N/A | 0% |
| Others | 1.8 | 0.6 | N/A | N/A | -66.7% |
| Total | 37.8 | 1.4 | 0.9 | 0.7 | -73.5% |
Top Export Markets for Boring Machinery from Pakistan in 2022:
- Iraq (2.0 units)
This report provides an in-depth analysis of the boring machinery market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28921255 - Boring or sinking machinery (including fixed platforms used for oil or natural gas exploration) (excluding self-propelled)
Country coverage:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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