Pakistan: Market for Parts Of Harvester And Threshers 2022

Market Size for Parts Of Harvester And Threshers in Pakistan

The Pakistani market for parts of harvester and threshers reduced remarkably to $X in 2021, waning by -25.2% against the previous year. Over the period under review, consumption saw a noticeable contraction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Parts Of Harvester And Threshers in Pakistan

In value terms, parts of harvester and threshers production dropped notably to $X in 2021 estimated in export price. In general, production continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 108% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Pakistan

In 2021, shipments abroad of parts of harvester and threshers decreased by -16.8% to X units, falling for the third year in a row after three years of growth. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 185% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, parts of harvester and threshers exports reduced sharply to $X in 2021. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 111% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X units) was the main destination for parts of harvester and threshers exports from Pakistan, accounting for a 94% share of total exports. It was followed by Afghanistan (X units), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (0.0% per year) and Italy (-41.5% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for parts of harvester and threshers exports from Pakistan, comprising 95% of total exports. The second position in the ranking was taken by Italy ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-37.9% per year) and Afghanistan (0.0% per year).

Export Prices by Country

The average export price for parts of harvester and threshers stood at $X per unit in 2021, falling by -27% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 45% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to Afghanistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Parts Of Harvester And Threshers

Imports into Pakistan

Parts of harvester and threshers imports into Pakistan dropped notably to X units in 2021, falling by -28.9% against the previous year. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 216%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, parts of harvester and threshers imports reduced remarkably to $X in 2021. In general, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 60% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of parts of harvester and threshers to Pakistan, with a 71% share of total imports. Moreover, parts of harvester and threshers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold. Italy (X units) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +67.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+40.9% per year) and Italy (+15.7% per year).

In value terms, China ($X) constituted the largest supplier of parts of harvester and threshers to Pakistan, comprising 70% of total imports. The second position in the ranking was held by Italy ($X), with an 8.6% share of total imports. It was followed by the United States, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +40.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.3% per year) and the United States (+15.1% per year).

Import Prices by Country

In 2021, the average import price for parts of harvester and threshers amounted to $X per unit, remaining constant against the previous year. In general, the import price showed a deep setback. The growth pace was the most rapid in 2018 an increase of 5%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Italy ($X per unit) and China ($X per unit), while the price for the United States ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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