Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Pakistan - 2023

Contents:

1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Pakistan (CIF) - 2022
2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Pakistan (FOB) - 2022
3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Pakistan
4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Pakistan

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Pakistan (CIF) - 2022

In 2022, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $25,389 per unit, dropping by -10.7% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2019 an increase of 57% against the previous year. The import price peaked at $40,406 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($70,832 per unit), while the price for Japan ($18,086 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.7%), while the prices for the other major suppliers experienced a decline.

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Pakistan (FOB) - 2022

In 2022, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $3,586 per unit, dropping by -94.1% against the previous year. Over the period under review, the export price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 4,615% against the previous year. Over the period under review, the average export prices hit record highs at $201,452 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 the United Arab Emirates ($9,217 per unit), while the average price for exports to Canada ($101 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 Arab Emirates (+56.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Pakistan

In 2022, after three years of growth, there was significant decline in supplies from abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs, when their volume decreased by -69% to 971 units. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 495% against the previous year. As a result, imports attained the peak of 3.1K units, and then fell rapidly in the following year.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs declined rapidly to $25M in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 406% against the previous year. As a result, imports reached the peak of $90M, and then shrank significantly in the following year.

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Pakistan in 2022:

1. Japan (855.0 units)
2. United Kingdom (17.0 units)
3. South Korea (10.0 units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Pakistan

In 2022, approx. 8 units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs were exported from Pakistan; dropping by -33.3% against 2021 figures. Over the period under review, exports faced a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. The exports peaked at 57 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs shrank dramatically to $14K in 2022. In general, exports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 3,649% against the previous year. As a result, the exports reached the peak of $551K, and then fell notably in the following year.

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Pakistan in 2022:

1. Canada (1.0 units)
2. Netherlands (1.0 units)
3. Angola (1.0 units)
4. United Arab Emirates (1.0 units)
5. United Kingdom (1.0 units)
6. Germany (1.0 units)
7. Colombia (1.0 units)
8. Japan (1.0 units)

Source: IndexBox Market Intelligence Platform