Seals; Mechanical Price in Pakistan - 2023
Contents:
- Seals; Mechanical Price in Pakistan (CIF) - 2022
- Seals; Mechanical Price in Pakistan (FOB) - 2022
- Seals; Mechanical Imports in Pakistan
- Seals; Mechanical Exports in Pakistan
Seals; Mechanical Price in Pakistan (CIF) - 2022
In 2022, the average seals; mechanical import price amounted to $1.5 per unit, increasing by 1.9% against the previous year. Overall, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 64% against the previous year. The import price peaked at $2 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
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 the UK ($2.1 per unit), while the price for China ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Seals; Mechanical Price in Pakistan (FOB) - 2022
In 2022, the average seals; mechanical export price amounted to $5.1 per unit, dropping by -1.7% against the previous year. In general, the export price, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 215% against the previous year. The export price peaked at $5.2 per unit in 2021, and then shrank slightly in the following year.
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 Arab Emirates ($9 per unit), while the average price for exports to Saudi Arabia ($0.3 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 Canada (+55.3%), while the prices for the other major destinations experienced more modest paces of growth.
Seals; Mechanical Imports in Pakistan
In 2022, imports of seals; mechanicals into Pakistan reduced rapidly to 3.2M units, waning by -19.6% compared with the year before. Overall, imports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 43%. As a result, imports attained the peak of 3.9M units, and then fell markedly in the following year.
In value terms, seals; mechanical imports contracted remarkably to $4.9M in 2022. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. Over the period under review, imports attained the maximum at $6.6M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Seals; Mechanical in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 993 | 1,164 | 1,289 | 1,688 | 19.3% |
| Germany | 1,334 | 750 | 721 | 698 | -19.4% |
| United Arab Emirates | 596 | 308 | 592 | 440 | -9.6% |
| Japan | 343 | 360 | 239 | 365 | 2.1% |
| Turkey | 37.0 | 24.9 | 22.5 | 300 | 100.9% |
| United States | 987 | 701 | 969 | 187 | -42.6% |
| Netherlands | 180 | 85.4 | 68.2 | 168 | -2.3% |
| Belgium | 31.9 | 11.1 | 85.7 | 136 | 62.1% |
| Romania | 30.6 | 46.4 | 70.1 | 122 | 58.6% |
| United Kingdom | 579 | 296 | 530 | 45.3 | -57.2% |
| Czech Republic | 278 | 232 | 374 | 15.5 | -61.8% |
| Others | 1,194 | 901 | 1,016 | 731 | -15.1% |
| Total | 6,584 | 4,880 | 5,978 | 4,895 | -9.4% |
Top Suppliers of Seals; Mechanical to Pakistan in 2022:
- China (1409.8K units)
- Germany (375.9K units)
- Japan (256.7K units)
- United Arab Emirates (224.8K units)
- Turkey (181.2K units)
- United States (101.7K units)
- Belgium (94.8K units)
- Netherlands (92.7K units)
- Romania (60.6K units)
- United Kingdom (21.1K units)
- Czech Republic (8.8K units)
Seals; Mechanical Exports in Pakistan
In 2022, overseas shipments of seals; mechanicals decreased by -69.7% to 59K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 509%. As a result, the exports attained the peak of 195K units, and then shrank markedly in the following year.
In value terms, seals; mechanical exports fell notably to $300K in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 652%. As a result, the exports attained the peak of $1M, and then declined significantly in the following year.
| Export of Seals; Mechanical in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 12.6 | 115 | 883 | 263 | 175.3% |
| Germany | 1.8 | 2.4 | 54.6 | 18.9 | 119.0% |
| Saudi Arabia | 11.1 | 5.6 | 19.2 | 4.9 | -23.9% |
| Singapore | 4.7 | 3.0 | 12.8 | 4.2 | -3.7% |
| Kenya | 2.1 | 2.4 | 7.8 | 2.3 | 3.1% |
| Madagascar | 1.8 | 0.7 | 1.7 | 0.9 | -20.6% |
| Others | 6.0 | 4.7 | 27.3 | 5.1 | -5.3% |
| Total | 40.0 | 134 | 1,007 | 300 | 95.7% |
Top Export Markets for Seals; Mechanical from Pakistan in 2022:
- United Arab Emirates (29.1K units)
- Saudi Arabia (16.5K units)
- Germany (4.1K units)
- Singapore (3.9K units)
- Kenya (2.3K units)
- Madagascar (0.9K units)
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