Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Pakistan - 2023
Contents:
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Pakistan (CIF) - 2023
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Pakistan (FOB) - 2022
- Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Pakistan
- Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Pakistan
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Pakistan (CIF) - 2023
In July 2023, the average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $148 per unit, shrinking by -2.7% against the previous month. In general, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 63% m-o-m. The import price peaked at $280 per unit in September 2022; however, from October 2022 to July 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From August 2022 to July 2023, the rate of growth in terms of prices for Germany amounted to +11.7% per month.
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Pakistan (FOB) - 2022
The average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $161 per unit in 2022, with an increase of 171% against the previous year. In general, the export price, however, showed a drastic downturn. The growth pace was the most rapid in 2014 when the average export price increased by 539%. Over the period under review, the average export prices attained the peak figure at $885 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($265 per unit), while the average price for exports to Senegal ($26 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 the United States (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Pakistan
In 2022, overseas purchases of weighing machines; having a maximum weighing capacity exceeding 5000kgs increased by 150% to 9.2K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a noticeable reduction. Over the period under review, imports of hit record highs at 9.8K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs skyrocketed to $2.4M in 2022. Overall, imports saw a notable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,651 | 911 | 653 | 2,326 | 12.1% |
| Italy | 109 | 8.8 | 53.3 | 21.9 | -41.4% |
| Germany | 98.8 | 36.8 | 16.8 | 13.1 | -49.0% |
| Others | 277 | 213 | 104 | 78.5 | -34.3% |
| Total | 2,135 | 1,169 | 827 | 2,440 | 4.6% |
Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Pakistan in 2022:
- China (8.6K units)
- Italy (0.1K units)
Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Pakistan
In 2022, overseas shipments of weighing machines; having a maximum weighing capacity exceeding 5000kgs decreased by -79.3% to 12 units, falling for the second consecutive year after two years of growth. In general, exports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 167%. As a result, the exports reached the peak of 80 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs reduced notably to $1.9K in 2022. Over the period under review, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 376% against the previous year. As a result, the exports reached the peak of $42K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | 0.7 | 0.8 | 1.3 | 36.3% |
| Oman | N/A | N/A | N/A | 0.5 | 0% |
| Senegal | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Guinea | N/A | 1.2 | 0.2 | N/A | -83.3% |
| Germany | 5.2 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | 19.4 | 0.1 | N/A | -99.5% |
| Jordan | N/A | N/A | 0.1 | N/A | 0% |
| United States | N/A | N/A | 1.0 | N/A | 0% |
| Guyana | 0.2 | N/A | N/A | N/A | 0% |
| Kenya | 0.5 | N/A | N/A | N/A | 0% |
| Bangladesh | N/A | 11.5 | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | 0.7 | N/A | 0% |
| Turkey | N/A | N/A | 0.3 | N/A | 0% |
| Others | 2.7 | 9.0 | 0.3 | N/A | -66.7% |
| Total | 8.8 | 41.8 | 3.4 | 1.9 | -40.0% |
Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Pakistan in 2022:
- Canada (5.0 units)
- Senegal (4.0 units)
- Oman (2.0 units)
- Germany (1.0 units)
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