Price for Tools, Hand; Other than Household Tools in Pakistan - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in Pakistan (FOB) - 2022
- Price for Tools, Hand; Other than Household Tools in Pakistan (CIF) - 2023
- Exports of Tools, Hand; Other than Household Tools in Pakistan
- Imports of Tools, Hand; Other than Household Tools in Pakistan
Price for Tools, Hand; Other than Household Tools in Pakistan (FOB) - 2022
The average export price for tools, hand; other than household toolses stood at $3,307 per ton in 2022, surging by 8.5% against the previous year. Overall, the export price, however, showed a noticeable slump. The growth pace was the most rapid in 2019 an increase of 32%. The export price peaked at $5,221 per ton in 2015; however, from 2016 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 ($5,042 per ton), while the average price for exports to South Korea ($2,414 per ton) 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 Arab Emirates (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Pakistan (CIF) - 2023
In June 2023, the average import price for tools, hand; other than household toolses amounted to $3,185 per ton, shrinking by -12.2% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 33% month-to-month. As a result, import price attained the peak level of $3,628 per ton, and then contracted in the following month.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($3,525 per ton), while the price for China totaled $2,610 per ton.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.9%).
Exports of Tools, Hand; Other than Household Tools in Pakistan
After three years of growth, shipments abroad of tools, hand; other than household toolses decreased by -53.2% to 1K tons in 2022. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 33%.
In value terms, exports of tools, hand; other than household toolses reduced remarkably to $3.4M in 2022. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports attained the peak of $6.7M, and then fell dramatically in the following year.
| Export of Tools, Hand; Other than Household Tools in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,413 | 2,500 | 3,149 | 1,396 | -16.7% |
| Germany | 382 | 498 | 663 | 373 | -0.8% |
| United Kingdom | 643 | 495 | 551 | 355 | -18.0% |
| Netherlands | 400 | 320 | 216 | 339 | -5.4% |
| Japan | 652 | 276 | 269 | 161 | -37.3% |
| France | 184 | 163 | 315 | 121 | -13.0% |
| South Korea | 69.8 | 138 | 183 | 84.7 | 6.7% |
| Brazil | 33.9 | 39.2 | 102 | 83.8 | 35.2% |
| United Arab Emirates | 25.9 | 6.1 | 48.3 | 71.1 | 40.0% |
| Italy | 104 | 85.8 | 68.2 | 37.5 | -28.8% |
| China | 98.1 | 81.2 | 68.3 | 24.5 | -37.0% |
| Others | 729 | 969 | 1,093 | 371 | -20.2% |
| Total | 5,735 | 5,570 | 6,724 | 3,418 | -15.8% |
Top Export Markets for Tools, Hand; Other than Household Tools from Pakistan in 2022:
- United States (486.7 tons)
- Netherlands (117.8 tons)
- Germany (91.5 tons)
- United Kingdom (78.9 tons)
- Japan (43.0 tons)
- South Korea (35.1 tons)
- France (23.9 tons)
- Brazil (22.1 tons)
- United Arab Emirates (20.0 tons)
- Italy (11.2 tons)
- China (8.2 tons)
Imports of Tools, Hand; Other than Household Tools in Pakistan
In 2022, the amount of tools, hand; other than household toolses imported into Pakistan reduced notably to 900 tons, dropping by -23.1% on the year before. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 241%. As a result, imports reached the peak of 1.2K tons, and then shrank markedly in the following year.
In value terms, imports of tools, hand; other than household toolses contracted rapidly to $2.8M in 2022. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 59% against the previous year.
| Import of Tools, Hand; Other than Household Tools in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,666 | 1,112 | 2,306 | 2,134 | 8.6% |
| United States | 259 | 218 | 259 | 380 | 13.6% |
| Germany | 147 | 51.2 | 77.2 | 75.1 | -20.1% |
| Japan | 325 | 174 | 84.6 | 33.8 | -53.0% |
| United Arab Emirates | 768 | 466 | 486 | 17.6 | -71.6% |
| Others | 595 | 239 | 372 | 207 | -29.7% |
| Total | 3,761 | 2,259 | 3,585 | 2,847 | -8.9% |
Top Suppliers of Tools, Hand; Other than Household Tools to Pakistan in 2022:
- China (705.3 tons)
- United States (109.2 tons)
- Germany (19.4 tons)
- Japan (6.8 tons)
- United Arab Emirates (4.4 tons)
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