Pakistan - Road Wheels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRoad Wheel Price in Pakistan - 2023
Contents:
- Road Wheel Price in Pakistan (CIF) - 2022
- Road Wheel Price in Pakistan (FOB) - 2022
- Road Wheel Imports in Pakistan
- Road Wheel Exports in Pakistan
Road Wheel Price in Pakistan (CIF) - 2022
The average road wheel import price stood at $9,044 per ton in 2022, with an increase of 49% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($9,820 per ton), while the price for the United Arab Emirates ($1,945 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Road Wheel Price in Pakistan (FOB) - 2022
In 2022, the average road wheel export price amounted to $2,511 per ton, waning by -17.1% against the previous year. Overall, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 56%. Over the period under review, the average export prices reached the maximum at $6,371 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Oman.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +26.0% per year.
Road Wheel Imports in Pakistan
In 2022, supplies from abroad of road wheels decreased by -47.8% to 843 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. As a result, imports reached the peak of 1.6K tons, and then fell markedly in the following year.
In value terms, road wheel imports reduced notably to $7.6M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69%. As a result, imports attained the peak of $9.8M, and then reduced remarkably in the following year.
| Import of Road Wheel in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.4 | 3.4 | 5.6 | 4.3 | 8.1% |
| Thailand | 1.0 | 0.9 | 1.8 | 1.4 | 11.9% |
| South Korea | 0.3 | 1.0 | 1.4 | 1.1 | 54.2% |
| United Arab Emirates | 0.4 | 0.1 | 0.1 | 0.2 | -20.6% |
| Japan | 0.4 | 0.2 | 0.2 | 0.2 | -20.6% |
| Malaysia | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Others | 0.2 | 0.2 | 0.6 | 0.3 | 14.5% |
| Total | 5.6 | 5.8 | 9.8 | 7.6 | 10.7% |
Top Suppliers of Road Wheel to Pakistan in 2022:
- China (442.6 tons)
- Thailand (141.5 tons)
- South Korea (111.0 tons)
- United Arab Emirates (81.1 tons)
- Japan (20.8 tons)
- Malaysia (14.1 tons)
Road Wheel Exports in Pakistan
After two years of decline, shipments abroad of road wheels increased by 86% to 88 tons in 2022. Overall, exports, however, continue to indicate a dramatic slump.
In value terms, road wheel exports surged to $221K in 2022. Over the period under review, exports, however, showed a dramatic slump.
| Export of Road Wheel in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 261 | 140 | 94.4 | 215 | -6.3% |
| Ireland | N/A | 83.2 | N/A | N/A | 0% |
| United States | 324 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | 69.4 | 24.1 | N/A | -65.3% |
| Others | 18.3 | 5.4 | 24.8 | 5.7 | -32.2% |
| Total | 603 | 298 | 143 | 221 | -28.4% |
Top Export Markets for Road Wheel from Pakistan in 2022:
- Oman (87.1 tons)
This report provides an in-depth analysis of the road wheel 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 29323040 - Road wheels and parts and accessories thereof
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
-
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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