Pakistan - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMotor Vehicle Engine Price in Pakistan - 2023
Contents:
- Motor Vehicle Engine Price in Pakistan (CIF) - 2023
- Motor Vehicle Engine Price in Pakistan (FOB) - 2022
- Motor Vehicle Engine Imports in Pakistan
- Motor Vehicle Engine Exports in Pakistan
Motor Vehicle Engine Price in Pakistan (CIF) - 2023
In February 2023, the average motor vehicle engine import price amounted to $199 per unit, reducing by -13.3% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 24% against the previous month. As a result, import price reached the peak level of $230 per unit, and then fell in the following month.
There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Japan ($265 per unit), while the price for China ($70.5 per unit) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Motor Vehicle Engine Price in Pakistan (FOB) - 2022
The average motor vehicle engine export price stood at $39 per unit in 2022, increasing by 126% against the previous year. In general, the export price enjoyed a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($121 per unit), while the average price for exports to the United Arab Emirates ($4.5 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 Kenya (+53.0%), while the prices for the other major destinations experienced more modest paces of growth.
Motor Vehicle Engine Imports in Pakistan
After three years of growth, overseas purchases of motor vehicle engines (spark-ignition) decreased by -22.8% to 1.2M units in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 52%. Over the period under review, imports attained the peak figure at 1.5M units in 2021, and then shrank notably in the following year.
In value terms, motor vehicle engine imports fell remarkably to $16M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 55% against the previous year. Imports peaked at $20M in 2021, and then declined notably in the following year.
| Import of Motor Vehicle Engine in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.7 | 11.2 | 12.6 | 9.2 | 11.1% |
| Japan | 1.5 | 2.1 | 2.1 | 3.1 | 27.4% |
| Indonesia | 1.6 | 1.9 | 1.4 | 1.6 | 0.0% |
| United Arab Emirates | 0.4 | 0.6 | 1.0 | 1.4 | 51.8% |
| Others | 0.6 | 0.8 | 3.1 | 1.0 | 18.6% |
| Total | 10.8 | 16.6 | 20.2 | 16.2 | 14.5% |
Top Suppliers of Motor Vehicle Engine to Pakistan in 2022:
- China (875.4K units)
- Indonesia (101.5K units)
- Japan (98.9K units)
- United Arab Emirates (46.7K units)
Motor Vehicle Engine Exports in Pakistan
After three years of growth, overseas shipments of motor vehicle engines (spark-ignition) decreased by -75.4% to 762 units in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 375% against the previous year. As a result, the exports reached the peak of 3.1K units, and then shrank markedly in the following year.
In value terms, motor vehicle engine exports reduced markedly to $30K in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 378% against the previous year. As a result, the exports attained the peak of $53K, and then dropped sharply in the following year.
| Export of Motor Vehicle Engine in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2.3 | 4.2 | 7.7 | 12.2 | 74.4% |
| Nigeria | 1.3 | 1.4 | 5.6 | 8.2 | 84.8% |
| Japan | 2.2 | 2.4 | 3.7 | 5.3 | 34.1% |
| United Kingdom | 0.6 | 0.5 | 1.9 | 2.4 | 58.7% |
| China | 0.2 | 0.5 | 0.5 | 1.0 | 71.0% |
| United Arab Emirates | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Germany | N/A | N/A | 5.0 | N/A | 0% |
| Kenya | 0.4 | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | 5.3 | N/A | 0% |
| Others | 0.1 | 2.1 | 23.6 | 0.3 | 44.2% |
| Total | 7.2 | 11.1 | 53.3 | 29.6 | 60.2% |
Top Export Markets for Motor Vehicle Engine from Pakistan in 2022:
- United Kingdom (267.0 units)
- Thailand (202.0 units)
- Japan (103.0 units)
- China (87.0 units)
- Nigeria (68.0 units)
- United Arab Emirates (31.0 units)
This report provides an in-depth analysis of the motor vehicle engine 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 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
- Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.
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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