Pakistan: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in Pakistan

The Pakistani internal combustion engines market declined markedly to $X in 2022, reducing 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, recorded a noticeable expansion. Internal combustion engines consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Internal Combustion Engines Exports

Exports from Pakistan

In 2022, the amount of motor vehicles compression-ignition internal combustion piston engines exported from Pakistan contracted remarkably to X units, falling by X% compared with 2021 figures. Overall, exports faced a sharp downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, internal combustion engines exports dropped dramatically to $X in 2022. In general, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for internal combustion engines exports from Pakistan, accounting for a X% share of total exports. Moreover, internal combustion engines exports to the United Arab Emirates exceeded the volume sent to the second major destination, Germany (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Turkey (X% per year).

In value terms, Turkey ($X), Germany ($X) and the United Arab Emirates ($X) constituted the largest markets for internal combustion engines exported from Pakistan worldwide.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average internal combustion engines export price amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

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Internal Combustion Engines Imports

Imports into Pakistan

In 2022, supplies from abroad of motor vehicles compression-ignition internal combustion piston engines decreased by X% to X units, falling for the fifth year in a row after two years of growth. In general, imports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, internal combustion engines imports declined dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), Japan (X units) and China (X units) were the main suppliers of internal combustion engines imports to Pakistan, with a combined X% share of total imports. Indonesia, Malaysia, South Korea, Taiwan (Chinese), Australia, the UK, Hong Kong SAR and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Japan ($X) and China ($X) constituted the largest internal combustion engines suppliers to Pakistan, with a combined X% share of total imports. Indonesia, Malaysia, South Korea, Taiwan (Chinese), Australia, the UK, Hong Kong SAR and Thailand lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average internal combustion engines import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per unit) and the United Arab Emirates ($X per unit), while the price for Australia ($X per unit) and China ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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