Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Pakistan - 2023

Contents:

1. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Pakistan (CIF) - 2023
2. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Pakistan (FOB) - 2022
3. Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Pakistan
4. Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Pakistan

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Pakistan (CIF) - 2023

The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $18.1 per unit in July 2023, declining by -21.8% against the previous month. Overall, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 23% month-to-month. The import price peaked at $85.6 per unit in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to -12.3% per month.

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Pakistan (FOB) - 2022

In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $31 per unit, shrinking by -45.7% against the previous year. Overall, the export price, however, recorded a tangible increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 177% against the previous year. The export price peaked at $57 per unit in 2021, and then declined rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($59 per unit), while the average price for exports to Afghanistan ($12 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 the United Arab Emirates (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Pakistan

Imports of refrigerating or freezing equipment; parts thereof, other than furniture into Pakistan reduced remarkably to 568K units in 2022, shrinking by -55.8% against 2021 figures. Overall, imports recorded a significant contraction. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. Over the period under review, imports of hit record highs at 1.9M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture reduced markedly to $43M in 2022. The total import value increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. As a result, imports attained the peak of $53M, and then declined remarkably in the following year.

Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Pakistan in 2022:

1. China (552.5K units)

Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Pakistan

Exports of refrigerating or freezing equipment; parts thereof, other than furniture from Pakistan skyrocketed to 3.6K units in 2022, rising by 297% against the previous year's figure. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture soared to $111K in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 602% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Pakistan in 2022:

1. Saudi Arabia (2852.0 units)
2. United States (495.0 units)
3. Canada (157.0 units)
4. Afghanistan (93.0 units)

Source: IndexBox Market Intelligence Platform