Pakistan: Power Tool Market 2024

Power Tool Market Size in Pakistan

The Pakistani power tool market reduced sharply to $X in 2022, waning 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). Overall, consumption, however, showed a strong increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Power Tool Exports

Exports from Pakistan

In 2022, approx. X units of power tools were exported from Pakistan; which is down by X% compared with the previous year's figure. In general, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, power tool exports skyrocketed to $X in 2022. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X units) was the main destination for power tool exports from Pakistan, accounting for a X% share of total exports. Moreover, power tool exports to Oman exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. The third position in this ranking was taken by Tanzania (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Oman totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Tanzania (X% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for power tools exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Tanzania (X.8% per year).

Export Prices by Country

In 2022, the average power tool export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Germany ($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 Tanzania (X.8%), while the prices for the other major destinations experienced more modest paces of growth.

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Power Tool Imports

Imports into Pakistan

In 2022, approx. X units of power tools were imported into Pakistan; declining by X% compared with the previous year's figure. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, power tool imports declined notably to $X in 2022. In general, imports, however, showed a strong increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main power tool supplier to Pakistan, with a X% share of total imports. It was followed by Austria (X units), with a X% share of total imports. Germany (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of power tools to Pakistan, comprising X% of total imports. The second position in the ranking was held by Austria ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

The average power tool import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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