Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Pakistan - 2023

Contents:

1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Pakistan (CIF) - 2023
2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Pakistan (FOB) - 2022
3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Pakistan
4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Pakistan

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Pakistan (CIF) - 2023

The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $1,572 per unit in June 2023, with a decrease of -4.6% against the previous month. Over the period under review, the import price, however, recorded a resilient expansion. The pace of growth was the most pronounced in April 2023 when the average import price increased by 218% month-to-month. The import price peaked at $1,647 per unit in May 2023, and then contracted modestly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($3,277 per unit), while the price for South Korea ($314 per unit) was amongst the lowest.

From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Pakistan (FOB) - 2022

The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $3,171 per unit in 2022, picking up by 103% against the previous year. In general, the export price enjoyed a buoyant expansion. Over the period under review, the average export prices hit record highs at $4,946 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($4,614 per unit), while the average price for exports to Sudan ($1,296 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 Indonesia (+108.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Pakistan

In 2022, the amount of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs imported into Pakistan shrank remarkably to 894K units, falling by -30.9% against the year before. Overall, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 168% against the previous year. As a result, imports reached the peak of 1.3M units, and then reduced sharply in the following year.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs contracted rapidly to $419M in 2022. Over the period under review, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 192% against the previous year. As a result, imports reached the peak of $596M, and then contracted notably in the following year.

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Pakistan in 2022:

1. Japan (412.2K units)
2. Thailand (144.2K units)
3. Indonesia (120.8K units)
4. China (111.6K units)
5. South Korea (102.5K units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Pakistan

In 2022, shipments abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs decreased by -51.8% to 118 units, falling for the second year in a row after two years of growth. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 38%. As a result, the exports attained the peak of 249 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs contracted slightly to $374K in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. The exports peaked at $583K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from Pakistan in 2022:

1. Somalia (49.0 units)
2. Japan (43.0 units)
3. Togo (13.0 units)
4. Qatar (10.0 units)
5. Sudan (2.0 units)

Source: IndexBox Market Intelligence Platform