Price for Milking Machines and Dairy Machinery in Pakistan - 2023

Contents:

  1. Price for Milking Machines and Dairy Machinery in Pakistan (CIF) - 2022
  2. Price for Milking Machines and Dairy Machinery in Pakistan (FOB) - 2022
  3. Imports of Milking Machines and Dairy Machinery in Pakistan
  4. Exports of Milking Machines and Dairy Machinery in Pakistan

Price for Milking Machines and Dairy Machinery in Pakistan (CIF) - 2022

The average import price for milking machines and dairy machineries stood at $3,868 per unit in 2022, with a decrease of -39.2% against the previous year. Overall, the import price saw a perceptible shrinkage. The growth pace was the most rapid in 2015 when the average import price increased by 26%. As a result, import price reached the peak level of $6,438 per unit. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($4,432 per unit), while the price for Singapore ($2,641 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Milking Machines and Dairy Machinery in Pakistan (FOB) - 2022

The average export price for milking machines and dairy machineries stood at $8,973 per unit in 2022, picking up by 37% against the previous year. Over the period under review, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of 761% against the previous year. As a result, the export price attained the peak level of $16,065 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($19,718 per unit), while the average price for exports to Kuwait stood at $7,052 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+153.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Milking Machines and Dairy Machinery in Pakistan

In 2022, supplies from abroad of milking machines and dairy machineries decreased by -25.7% to 758 units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 111%. As a result, imports reached the peak of 1K units, and then shrank sharply in the following year.

In value terms, milking machines and dairy machinery imports contracted markedly to $2.9M in 2022. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 117%. As a result, imports reached the peak of $6.5M, and then dropped markedly in the following year.

Import of Milking Machines and Dairy Machinery in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey5881,2091,266568-1.1%
Germany5305141,046469-4.0%
Italy2031395982689.7%
China10477.747121126.6%
Poland0.33.1444199772.1%
United Arab Emirates297569315198-12.6%
United States38.516.923210439.3%
Others4784662,11891524.2%
Total2,2392,9956,4912,9329.4%

Top Suppliers of Milking Machines and Dairy Machinery to Pakistan in 2022:

  1. Turkey (164.0 units)
  2. Germany (116.0 units)
  3. Italy (74.0 units)
  4. China (55.0 units)
  5. Poland (49.0 units)
  6. United Arab Emirates (48.0 units)
  7. United States (25.0 units)

Exports of Milking Machines and Dairy Machinery in Pakistan

In 2022, after two years of decline, there was significant growth in overseas shipments of milking machines and dairy machineries, when their volume increased by 255% to 110 units. Over the period under review, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports attained the peak figure at 152 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, milking machines and dairy machinery exports soared to $986K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Milking Machines and Dairy Machinery in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kuwait50.524.919.7658135.3%
Bangladesh5.515.714.4329291.1%
MalaysiaN/A16918.9N/A-88.8%
EgyptN/A176N/AN/A0%
Angola356N/AN/AN/A0%
MauritaniaN/AN/A132N/A0%
Others6.214.821.6N/A86.7%
Total41840020698633.1%

Top Export Markets for Milking Machines and Dairy Machinery from Pakistan in 2022:

  1. Kuwait (93.0 units)
  2. Bangladesh (17.0 units)

Source: IndexBox Market Intelligence Platform

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