Pakistan: Boiler Parts Market 2022

Boiler Parts Market Size in Pakistan

In 2021, the Pakistani boiler parts market increased by X% to $X, rising for the fourth year in a row after three years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Boiler Parts Exports

Exports from Pakistan

In 2021, shipments abroad of parts of boilers for central heating decreased by -X% to X kg, falling for the fifth consecutive year after three years of growth. Over the period under review, exports showed a sharp descent. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, boiler parts exports shrank rapidly to $X in 2021. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Guinea (X kg) was the main destination for boiler parts exports from Pakistan, with a X% share of total exports. Moreover, boiler parts exports to Guinea exceeded the volume sent to the second major destination, Ethiopia (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Guinea was relatively modest.

In value terms, Guinea ($X) emerged as the key foreign market for boiler parts exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Ethiopia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Guinea was relatively modest.

Export Prices by Country

The average boiler parts export price stood at $X per ton in 2021, picking up by X% against the previous year. In general, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, boiler parts export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Guinea ($X per ton), while the average price for exports to Ethiopia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+X%).

Boiler Parts Imports

Imports into Pakistan

In 2021, purchases abroad of parts of boilers for central heating increased by X% to X tons, rising for the third year in a row after four years of decline. In general, imports, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, boiler parts imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), the Netherlands (X tons) and Italy (X kg) were the main suppliers of boiler parts imports to Pakistan, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Italy ($X) constituted the largest boiler parts suppliers to Pakistan, together comprising X% of total imports.

Italy, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average boiler parts import price stood at $X per ton in 2021, picking up by X% against the previous year. In general, the import price showed a moderate increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Turkey ($X per ton) and Malaysia ($X per ton), while the price for the Netherlands ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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