Pakistan Crane Market Study 2022

 After two years of decline, the Pakistani crane market has finally risen to $X in 2020. Overall, consumption growth was strong. The fastest growth rate in 2015, the market value increased by X% year-on-year. Crane consumption peaked at $X in 2017; however, consumption has remained low from 2018 to 2020.

Pakistan Crane Export Scale

In 2020, overseas shipments of cranes, mobile cranes fell -X% to X units, the fifth consecutive year of decline after four years of growth. However, during the period under review, exports increased slightly. The growth rate was most pronounced in 2009, with a year-on-year increase of X%. As a result, exports peaked at X units. From 2010 to 2020, export growth remained low.

In terms of value, crane exports dropped significantly to $X in 2020. But overall, exports continued to show modest growth. The growth rate was most pronounced in 2008, with a year-on-year increase of X%. During the period under review, exports peaked at $X in 2015; however, from 2016 to 2020, exports have remained low.

Kenya (X units) is the main destination for Pakistani crane exports, accounting for about X% of total exports.

From 2007 to 2020, the average annual growth rate of cargo traffic to Kenya has been relatively modest.

From 2007 to 2020, the value to Kenya has grown at an average annual rate of +X%.

Import scale of cranes in Pakistan

In 2020, Pakistan’s imports of cranes and mobile cranes soared to X units, an increase of X% over 2019. Imports grew strongly during the period under review. The fastest growth rate in 2015, an increase of X% year-on-year. Imports peaked at X units in 2017; however, from 2018 to 2020, imports failed to regain momentum.

Crane imports surged to $X in 2020 by value. Overall, imports showed strong growth. The fastest growth was in 2015, with imports increasing by X% year-on-year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain momentum.

In 2020, China (X units) was the largest crane supplier to Pakistan, accounting for X% of total imports. In addition, the number of cranes imported from China exceeded the number recorded by the second largest supplier, Japan (X units) by more than ten times.

From 2007 to 2020, the average annual growth rate of sales from China totaled +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Japan (+X% per annum) and the United Arab Emirates (-X% per annum).

China ($X) is the largest crane supplier to Pakistan by value, accounting for X% of total imports. In second place is Japan ($X) with X% of total imports.

From 2007 to 2020, the average annual growth rate of China’s output value reached +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Japan (-X% per annum) and the United Arab Emirates (-X% per annum).

Statistics of various crane suppliers in Pakistan

China is Pakistan’s largest crane supplier by value, accounting for 96% of total imports. In second place was Japan, which accounted for 1.2% of total imports.

The average export price of cranes in 2020 was US$20,889 per unit, an increase of 18% over the previous year.

In 2020, the average price of crane imports was $30,775 per unit, down -20% from the previous year.

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