Pakistan: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in Pakistan

After two years of decline, the Pakistani market for wiring sets used in vehicles, aircraft or ships increased by 123% to $X in 2021. In general, consumption saw buoyant growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Pakistan

Exports of wiring sets used in vehicles, aircraft or ships from Pakistan reduced to X tons in 2021, waning by -6.8% on 2020. Over the period under review, exports, however, continue to indicate a modest expansion. The pace of growth appeared the most rapid in 2013 with an increase of 399% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships expanded remarkably to $X in 2021. In general, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 830%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg), the United Arab Emirates (X kg) and Thailand (X kg) were the main destinations of exports of wiring sets used in vehicles, aircraft or ships from Pakistan, together accounting for 94% of total exports.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +53.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Pakistan, comprising 65% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 24% share of total exports. It was followed by New Zealand, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +47.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-15.5% per year) and New Zealand (-27.0% per year).

Export Prices by Country

In 2021, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, increasing by 15% against the previous year. In general, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for wiring sets used in vehicles, aircraft or ships decreased by -18.3% against 2019 indices. The growth pace was the most rapid in 2013 when the average export price increased by 86% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+11.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Pakistan

In 2021, supplies from abroad of wiring sets used in vehicles, aircraft or ships was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 210% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships soared to $X in 2021. Over the period under review, imports showed prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 278%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) constituted the largest wiring sets used in vehicles, aircraft or ships supplier to Pakistan, accounting for a 54% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Vietnam (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.0% per year) and Vietnam (+25.3% per year).

In value terms, Japan ($X), China ($X) and the United Arab Emirates ($X) constituted the largest wiring sets used in vehicles, aircraft or ships suppliers to Pakistan, together accounting for 81% of total imports. Vietnam, Indonesia and Thailand lagged somewhat behind, together accounting for a further 12%.

Indonesia, with a CAGR of +92.0%, recorded 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

The average import price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, rising by 25% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 an increase of 50% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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