Pakistan - Lifting Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLifting Equipment Price in Pakistan - 2023
Contents:
- Lifting Equipment Price in Pakistan (CIF) - 2022
- Lifting Equipment Price in Pakistan (FOB) - 2022
- Lifting Equipment Imports in Pakistan
- Lifting Equipment Exports in Pakistan
Lifting Equipment Price in Pakistan (CIF) - 2022
In 2022, the average lifting equipment import price amounted to $2,712 per unit, which is down by -56.5% against the previous year. Overall, the import price, however, continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 388,766% against the previous year. Over the period under review, average import prices reached the peak figure at $6,232 per unit in 2021, and then dropped remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($3,691 per unit), while the price for the United States ($490 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Lifting Equipment Price in Pakistan (FOB) - 2022
In 2022, the average lifting equipment export price amounted to $25,307 per unit, with a decrease of -16.1% against the previous year. In general, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 479%. Over the period under review, the average export prices reached the maximum at $79,309 per unit in 2012; however, from 2013 to 2022, the 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 the United Arab Emirates ($245,558 per unit), while the average price for exports to China amounted to $3,308 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+985.4%), while the prices for the other major destinations experienced more modest paces of growth.
Lifting Equipment Imports in Pakistan
For the third consecutive year, Pakistan recorded decline in overseas purchases of lifting equipment, which decreased by -26.1% to 17 units in 2022. In general, imports continue to indicate a dramatic setback. Imports peaked at 444 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, lifting equipment imports contracted remarkably to $46K in 2022. Overall, imports showed a precipitous descent. The smallest decline of -48.8% was in 2020. Over the period under review, imports attained the peak figure at $788K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Lifting Equipment in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 377 | 87.5 | 4.3 | 10.7 | -69.5% |
| Thailand | 98.4 | 70.2 | 34.5 | 10.1 | -53.2% |
| Turkey | 14.3 | 29.0 | 11.5 | 2.8 | -41.9% |
| United States | 20.2 | 7.5 | 0.3 | 0.7 | -67.4% |
| Germany | 0.9 | 0.3 | N/A | 0.4 | -23.7% |
| Netherlands | 32.9 | 28.4 | 5.9 | 0.1 | -85.5% |
| Kuwait | N/A | 13.5 | N/A | N/A | 0% |
| Others | 244 | 167 | 89.7 | 21.2 | -55.7% |
| Total | 788 | 404 | 146 | 46.0 | -61.2% |
Top Suppliers of Lifting Equipment to Pakistan in 2022:
- China (7.0 units)
- Turkey (3.0 units)
- Thailand (3.0 units)
- United States (1.0 units)
- Germany (1.0 units)
Lifting Equipment Exports in Pakistan
In 2022, approx. 4 units of lifting equipment were exported from Pakistan; picking up by 33% against 2021. Over the period under review, exports, however, saw a dramatic contraction. The growth pace was the most rapid in 2020 when exports increased by 100% against the previous year. As a result, the exports reached the peak of 18 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, lifting equipment exports shrank to $96K in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.1% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 83% against the previous year. Over the period under review, the exports reached the peak figure at $96K in 2021, and then dropped modestly in the following year.
| Export of Lifting Equipment in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 48.5 | 8.4 | 87.0 | 84.8 | 20.5% |
| China | 3.5 | 0.7 | 9.5 | 11.4 | 48.2% |
| Kenya | 0.5 | 86.9 | N/A | N/A | 17280.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 52.6 | 96.0 | 96.5 | 96.3 | 22.3% |
Top Export Markets for Lifting Equipment from Pakistan in 2022:
- China (3.0 units)
This report provides an in-depth analysis of the lifting equipment 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 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)
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
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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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