Pakistan: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in Pakistan

The Pakistani electric soldering iron market contracted rapidly to $X in 2023, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a relatively flat trend pattern. Electric soldering iron consumption peaked at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Electric Soldering Iron Exports

Exports from Pakistan

In 2023, after two years of growth, there was significant decline in shipments abroad of electric soldering irons and guns, when their volume decreased by X% to X units. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, electric soldering iron exports plummeted to $X in 2023. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

Bahrain (X units) was the main destination for electric soldering iron exports from Pakistan, with a X% share of total exports. It was followed by Sri Lanka (X units), with a X% share of total exports. The third position in this ranking was taken by Tanzania (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Bahrain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and Tanzania (X% per year).

In value terms, Bahrain ($X) remains the key foreign market for electric soldering irons and guns exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Sudan ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Bahrain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the average electric soldering iron export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2023, 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 Sudan ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Electric Soldering Iron Imports

Imports into Pakistan

In 2023, electric soldering iron imports into Pakistan reduced markedly to X units, waning by X% on 2022 figures. Overall, imports, however, posted a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, electric soldering iron imports contracted notably to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest supplier of electric soldering iron to Pakistan, accounting for a X% share of total imports. Moreover, electric soldering iron imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), ninefold. Spain (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, 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: Indonesia (X% per year) and Spain (X% per year).

In value terms, China ($X) constituted the largest supplier of electric soldering irons and guns to Pakistan, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Sweden (X% per year).

Import Prices by Country

In 2023, the average electric soldering iron import price amounted to $X per unit, jumping by X% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform