Price for Reciprocating or Rotary Internal Combustion Piston Engines in Pakistan - 2023
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Pakistan (CIF) - 2023
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Pakistan (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Pakistan
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Pakistan
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Pakistan (CIF) - 2023
In August 2023, the average import price for reciprocating or rotary internal combustion piston engineses amounted to $107 per unit, with an increase of 90% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 583% month-to-month. Over the period under review, average import prices reached the maximum at $739 per unit in May 2023; however, from June 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($401 per unit), while the price for China ($35.8 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Japan (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Pakistan (FOB) - 2022
The average export price for reciprocating or rotary internal combustion piston engineses stood at $8,826 per unit in 2022, with an increase of 352% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The export price peaked at $63,255 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($35,604 per unit), while the average price for exports to the United Arab Emirates ($1,500 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 Canada (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Pakistan
Imports of reciprocating or rotary internal combustion piston engineses into Pakistan declined dramatically to 183K units in 2022, with a decrease of -47.4% against the year before. Over the period under review, imports saw a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 107%. As a result, imports reached the peak of 348K units, and then shrank rapidly in the following year.
In value terms, imports of reciprocating or rotary internal combustion piston engineses reduced remarkably to $24M in 2022. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Imports peaked at $44M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.1 | 16.9 | 18.0 | 8.6 | -8.2% |
| Japan | 4.0 | 4.2 | 5.2 | 4.8 | 6.3% |
| United Arab Emirates | 0.9 | 1.9 | 2.1 | 1.4 | 15.9% |
| France | 6.4 | 1.3 | 3.1 | 1.3 | -41.2% |
| United Kingdom | 2.4 | 0.1 | 0.1 | 1.2 | -20.6% |
| Switzerland | 0.1 | N/A | 1.1 | 0.8 | 100.0% |
| Belgium | N/A | N/A | N/A | 0.5 | 0% |
| Austria | 1.2 | 1.4 | 3.0 | 0.1 | -56.3% |
| Canada | 4.1 | N/A | 0.3 | N/A | -72.9% |
| Others | 13.7 | 4.9 | 4.4 | 5.4 | -26.7% |
| Total | 43.9 | 30.7 | 37.3 | 24.0 | -18.2% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Pakistan in 2022:
- China (101.9K units)
- Switzerland (20.0K units)
- Japan (17.1K units)
- Belgium (10.1K units)
- United Arab Emirates (7.8K units)
- France (5.5K units)
- United Kingdom (3.2K units)
- Austria (1.0K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Pakistan
In 2022, overseas shipments of reciprocating or rotary internal combustion piston engineses decreased by -61.6% to 1.8K units, falling for the second consecutive year after two years of growth. In general, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 105% against the previous year. As a result, the exports reached the peak of 9K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of reciprocating or rotary internal combustion piston engineses dropped dramatically to $8.2M in 2022. Overall, exports faced a precipitous curtailment. Over the period under review, the exports of reached the maximum at $32M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.0 | 3.4 | 2.7 | 2.5 | -25.3% |
| United Arab Emirates | 1.2 | 4.2 | 3.6 | 2.2 | 22.4% |
| Canada | 5.3 | 0.1 | N/A | 0.7 | -49.1% |
| United Kingdom | 6.9 | 4.5 | 1.9 | 0.7 | -53.4% |
| United States | 0.3 | 1.0 | N/A | 0.6 | 26.0% |
| Thailand | 1.3 | 0.3 | 1.0 | 0.6 | -22.7% |
| Ireland | N/A | 1.9 | N/A | 0.4 | -54.1% |
| China | N/A | 1.8 | 0.3 | 0.2 | -66.7% |
| Switzerland | N/A | N/A | N/A | 0.2 | 0% |
| Belgium | 9.3 | 1.1 | N/A | N/A | -88.2% |
| Malaysia | N/A | N/A | 1.1 | N/A | 0% |
| Others | 1.7 | 1.4 | 0.1 | 0.1 | -61.1% |
| Total | 31.9 | 19.7 | 10.9 | 8.2 | -36.4% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Pakistan in 2022:
- United Arab Emirates (1451.0 units)
- Switzerland (73.0 units)
- France (70.0 units)
- Thailand (57.0 units)
- Canada (50.0 units)
- United Kingdom (49.0 units)
- China (42.0 units)
- United States (32.0 units)
- Ireland (1.0 units)
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