Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Pakistan - 2023
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Pakistan (CIF) - 2023
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Pakistan (FOB) - 2022
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Pakistan
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Pakistan
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Pakistan (CIF) - 2023
The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $560 per unit in July 2023, surging by 27% against the previous month. In general, import price indicated a noticeable increase from August 2022 to July 2023: its price increased at an average monthly rate of +4.7% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) decreased by -9.0% against May 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 52% against the previous month. The import price peaked at $615 per unit in May 2023; however, from June 2023 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($871 per unit), while the price for Japan ($235 per unit) was amongst the lowest.
From August 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Pakistan (FOB) - 2022
The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $2,105 per unit in 2022, waning by -2.1% against the previous year. Overall, the export price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 an increase of 53%. The export price peaked at $2,199 per unit in 2017; however, from 2018 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 Australia ($3,046 per unit), while the average price for exports to the UK ($1,363 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 Turkey (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Pakistan
Imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) into Pakistan skyrocketed to 78K units in 2022, increasing by 47% on the previous year's figure. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) shrank markedly to $24M in 2022. Over the period under review, imports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports attained the peak of $31M, and then shrank rapidly in the following year.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.3 | 11.7 | 16.1 | 9.2 | -13.7% |
| Turkey | 0.1 | N/A | N/A | 2.9 | 207.2% |
| United Arab Emirates | 2.8 | 2.9 | 3.1 | 2.3 | -6.3% |
| United Kingdom | 2.3 | 3.7 | 3.6 | 2.2 | -1.5% |
| Japan | 2.2 | 2.4 | 2.7 | 2.1 | -1.5% |
| Indonesia | 0.1 | 0.2 | 0.7 | 0.6 | 81.7% |
| South Korea | 0.3 | 0.4 | 0.8 | 0.6 | 26.0% |
| Malaysia | 1.0 | 0.6 | 0.5 | 0.5 | -20.6% |
| Taiwan (Chinese) | 0.2 | 0.3 | 0.4 | 0.4 | 26.0% |
| Belarus | N/A | N/A | 0.3 | 0.3 | 0.0% |
| Others | 2.1 | 1.5 | 2.2 | 2.6 | 7.4% |
| Total | 25.6 | 23.6 | 30.5 | 23.7 | -2.5% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Pakistan in 2022:
- China (23.0K units)
- Turkey (15.0K units)
- United Arab Emirates (12.1K units)
- Japan (7.8K units)
- United Kingdom (4.7K units)
- Malaysia (2.7K units)
- Belarus (2.6K units)
- Taiwan (Chinese) (1.9K units)
- Indonesia (1.7K units)
- South Korea (1.5K units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Pakistan
In 2022, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) from Pakistan soared to 1.4K units, rising by 612% on the year before. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) surged to $3M in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 61.5 | N/A | 2,699 | 562.5% |
| Australia | 38.8 | 74.0 | 146 | 137 | 52.3% |
| United Kingdom | 137 | 21.1 | 91.3 | 85.9 | -14.4% |
| Belgium | N/A | N/A | 63.0 | 72.7 | 15.4% |
| United Arab Emirates | 4.2 | 18.6 | 12.1 | 13.7 | 48.3% |
| Qatar | N/A | 72.6 | 38.4 | N/A | -47.1% |
| United States | 40.3 | N/A | N/A | N/A | 0% |
| Others | 65.4 | 75.5 | 81.4 | 4.7 | -58.4% |
| Total | 286 | 323 | 432 | 3,013 | 119.2% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Pakistan in 2022:
- Turkey (1288.0 units)
- United Kingdom (63.0 units)
- Australia (45.0 units)
- Belgium (26.0 units)
- United Arab Emirates (8.0 units)
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