Pakistan: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Pakistan

The Pakistani machine-tool for drilling market reduced slightly to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, showed a prominent expansion. Machine-tool for drilling consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Machine-Tool For Drilling Production in Pakistan

In value terms, machine-tool for drilling production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Machine-tool for drilling production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Machine-Tool For Drilling Exports

Exports from Pakistan

In 2022, after two years of decline, there was significant growth in shipments abroad of machine-tools for drilling, boring or milling metal, when their volume increased by X% to X units. Over the period under review, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, machine-tool for drilling exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Oman (X units) and Kuwait (X units) were the main destinations of machine-tool for drilling exports from Pakistan, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for machine-tool for drilling exported from Pakistan were Saudi Arabia ($X), Bahrain ($X) and the United Arab Emirates ($X), together comprising X% of total exports.

Among the main countries of destination, Bahrain, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price posted a tangible increase. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Kuwait ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports into Pakistan

Machine-tool for drilling imports into Pakistan amounted to X units in 2022, increasing by X% compared with the previous year's figure. In general, total imports indicated tangible growth from 2012 to 2022: its volume 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, imports decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, machine-tool for drilling imports expanded remarkably to $X in 2022. Over the period under review, imports recorded temperate growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X units) constituted the largest machine-tool for drilling supplier to Pakistan, accounting for a X% share of total imports. Moreover, machine-tool for drilling imports from South Africa exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Taiwan (Chinese) (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 South Africa stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and France ($X) constituted the largest machine-tool for drilling suppliers to Pakistan, with a combined X% share of total imports.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average machine-tool for drilling import price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X 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 France ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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