Price for Machinery; Parts of the Machinery of Heading No. 8425 in Pakistan - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Pakistan (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Pakistan (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Pakistan
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Pakistan
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Pakistan (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8425 stood at $27,650 per ton in 2022, shrinking by -23.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 47% against the previous year. As a result, import price reached the peak level of $38,386 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($32,946 per ton) and Singapore ($31,041 per ton), while the price for the UK ($23,835 per ton) and China ($26,704 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Pakistan (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $4,236 per ton in 2022, jumping by 87% against the previous year. Overall, the export price, however, recorded a drastic downturn. The export price peaked at $13,559 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($20,400 per ton), while the average price for exports to Sri Lanka ($1,847 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Pakistan
In 2022, purchases abroad of machinery; parts of the machinery of heading no. 8425 was finally on the rise to reach 39 tons after two years of decline. In general, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 soared to $1.1M in 2022. Over the period under review, imports enjoyed slight growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 674 | 435 | 242 | 739 | 3.1% |
| Singapore | N/A | 2.3 | 0.3 | 124 | 634.3% |
| United States | 62.3 | 29.1 | 16.7 | 99.5 | 16.9% |
| United Kingdom | 26.6 | 1.8 | 7.8 | 28.3 | 2.1% |
| Canada | 35.4 | 1.2 | 0.7 | 12.3 | -29.7% |
| Japan | 57.4 | 8.9 | 20.2 | 7.9 | -48.4% |
| Germany | 7.3 | 211 | 29.9 | 3.3 | -23.3% |
| South Korea | 71.9 | 7.8 | 8.1 | 1.0 | -76.0% |
| Italy | 47.5 | 25.6 | 4.7 | 0.6 | -76.7% |
| Others | 51.5 | 62.4 | 75.9 | 56.9 | 3.4% |
| Total | 1,034 | 785 | 406 | 1,073 | 1.2% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Pakistan in 2022:
- China (27.7 tons)
- Singapore (4.0 tons)
- United States (3.2 tons)
- United Kingdom (1.2 tons)
- Canada (0.4 tons)
- Japan (0.2 tons)
- Germany (0.1 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Pakistan
After three years of growth, shipments abroad of machinery; parts of the machinery of heading no. 8425 decreased by -46.6% to 41 tons in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 203%. As a result, the exports reached the peak of 76 tons, and then reduced rapidly in the following year.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 stood at $172K in 2022. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 217%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Libya | N/A | N/A | N/A | 88.5 | 0% |
| Sri Lanka | N/A | 21.9 | 115 | 40.6 | 36.2% |
| United Arab Emirates | 75.5 | N/A | 37.9 | 13.7 | -43.4% |
| Italy | N/A | N/A | N/A | 8.2 | 0% |
| Netherlands | N/A | N/A | N/A | 5.5 | 0% |
| Morocco | N/A | 32.2 | N/A | N/A | 0% |
| Others | 0.2 | N/A | 18.2 | 15.2 | 323.6% |
| Total | 75.7 | 54.1 | 172 | 172 | 31.5% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Pakistan in 2022:
- Sri Lanka (22.0 tons)
- Libya (11.6 tons)
- Netherlands (2.6 tons)
- United Arab Emirates (2.1 tons)
- Italy (1.1 tons)
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