Pakistan: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Pakistan

The Pakistani market for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X in 2022, increasing by X% against the previous year. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Pakistan

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles totaled $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

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Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Pakistan

In 2022, approx. X units of tyres for agriculture, forestry, construction, industry and other off the road vehicles were exported from Pakistan; rising by X% on 2021. Over the period under review, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles soared to $X in 2022. In general, exports posted a significant increase. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Afghanistan (X units) was the main destination for exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Pakistan, with a X% share of total exports. Moreover, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Afghanistan exceeded the volume sent to the second major destination, Egypt (X units), twofold. Turkey (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Afghanistan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Turkey (X% per year).

In value terms, Afghanistan ($X) remains the key foreign market for tyres for agriculture, forestry, construction, industry and other off the road vehicles exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Turkey (X% per year).

Export Prices by Country

The average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Afghanistan ($X per unit), while the average price for exports to Brazil ($X 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 Afghanistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Pakistan

In 2022, the amount of tyres for agriculture, forestry, construction, industry and other off the road vehicles imported into Pakistan shrank notably to X units, dropping by X% against the previous year. Overall, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles dropped remarkably to $X in 2022. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of agricultural, construction and industrial machinery tyre to Pakistan, with a X% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), sixfold. Japan (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Pakistan, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, saw a perceptible decline. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average 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 Belarus ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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