Pakistan - Gear Boxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGear Box Price in Pakistan - 2023
Contents:
- Gear Box Price in Pakistan (FOB) - 2023
- Gear Box Price in Pakistan (CIF) - 2022
- Gear Box Exports in Pakistan
- Gear Box Imports in Pakistan
Gear Box Price in Pakistan (FOB) - 2023
In February 2023, the average gear box export price amounted to $13.3 per unit, stabilizing at the previous month. In general, the export price posted a remarkable increase. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 120% month-to-month. As a result, the export price attained the peak level of $14.7 per unit. From August 2022 to February 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In February 2023, the countries with the highest prices were Kyrgyzstan ($13.3 per unit) and the United States ($13.3 per unit), while the average price for exports to Italy ($13.3 per unit) and Belgium ($13.3 per unit) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Gear Box Price in Pakistan (CIF) - 2022
In 2022, the average gear box import price amounted to $51 per unit, declining by -18% against the previous year. Over the period under review, the import price, however, recorded a moderate expansion. The growth pace was the most rapid in 2018 an increase of 72% against the previous year. Over the period under review, average import prices hit record highs at $65 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($67 per unit), while the price for the United Arab Emirates ($8.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.2%), while the prices for the other major suppliers experienced a decline.
Gear Box Exports in Pakistan
Gear box exports from Pakistan reached 689K units in 2022, surging by 5.3% compared with 2021. In general, exports, however, saw a abrupt contraction. The exports peaked at 1.1M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, gear box exports surged to $13M in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 35%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Gear Box in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.4 | 3.4 | 4.8 | 6.4 | 23.5% |
| Germany | 0.6 | 1.2 | 1.9 | 2.6 | 63.0% |
| Netherlands | 0.6 | 0.9 | 1.1 | 1.5 | 35.7% |
| United States | 0.6 | 0.4 | 0.9 | 1.2 | 26.0% |
| Tanzania | 0.1 | 0.6 | 0.4 | 0.6 | 81.7% |
| Belgium | 0.5 | 0.2 | 0.4 | 0.5 | 0.0% |
| Nigeria | 0.4 | 0.2 | 0.2 | 0.3 | -9.1% |
| Others | 0.7 | 0.6 | 0.4 | 0.4 | -17.0% |
| Total | 6.8 | 7.4 | 10.0 | 13.5 | 25.7% |
Top Export Markets for Gear Box from Pakistan in 2022:
- Italy (305.9K units)
- Germany (137.9K units)
- Netherlands (88.8K units)
- United States (51.3K units)
- Tanzania (31.0K units)
- Nigeria (25.4K units)
- Belgium (21.1K units)
Gear Box Imports in Pakistan
Gear box imports into Pakistan expanded remarkably to 46K units in 2022, growing by 8.1% on the previous year. In general, imports, however, saw a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Over the period under review, imports hit record highs at 267K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, gear box imports contracted to $2.4M in 2022. Overall, imports, however, faced a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. Imports peaked at $17M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Gear Box in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 15.9 | N/A | 0.2 | 1.7 | -52.5% |
| China | 0.6 | 0.6 | 0.8 | 0.2 | -30.7% |
| United Arab Emirates | 0.3 | 0.3 | 0.3 | 0.1 | -30.7% |
| Philippines | 0.2 | 0.1 | 0.3 | 0.1 | -20.6% |
| Japan | 0.1 | 0.2 | 0.3 | 0.1 | 0.0% |
| Others | 0.5 | 0.4 | 0.8 | 0.2 | -26.3% |
| Total | 17.5 | 1.7 | 2.7 | 2.4 | -48.4% |
Top Suppliers of Gear Box to Pakistan in 2022:
- Indonesia (24.8K units)
- United Arab Emirates (10.8K units)
- China (4.3K units)
- Philippines (2.1K units)
- Japan (1.3K units)
This report provides an in-depth analysis of the gear box 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 29323033 - Gear boxes and their parts
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.
-
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
-
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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