From January to June 2021, China and Pakistan increased by US$4,842.9806 million compared with the same period in 2020, a year-on-year increase of 63%.
From January to June 2021, the total value of China’s exports to Pakistan was US$1,0829,290,800, an increase of US$4,055,918,800 compared with the same period in 2020, a year-on-year increase of 60.1%; the total value of China’s imports from Pakistan was US$1,728,932,800, compared with 2020. During the same period, it increased by 787.0618 million US dollars, a year-on-year increase of 83.6%.
China and Pakistan have direct and profound friendship and close economic and trade relations. Despite the impact of the COVID-19 epidemic, China-Pakistan trade has grown substantially, which provides confidence for Dongqi Cần Cẩu to better enter the Pakistani crane market. Pakistan is rich in mineral resources, with various steel and manufacturing plants. Dongqi Crane has more than ten years of crane service experience in Pakistan, and has established a good reputation among many customers. In the past 2021, Dongqi Crane has won more than 100 crane cooperation projects in Pakistan. The crane market in Pakistan is a very important market for Dongqi Crane. This article will think about the development and changes of the Pakistani crane market in 2022 through the study of the import and export data of Pakistan's overhead cranes.
Before we start discussing the aerial crane market in Pakistan, we have a few small questions that need to be answered first. Let’s take a look
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In 2020, the Pakistan Overhead Crane Market grew X% to X USD, rising for the sixth consecutive year after two years of decline. During the period under review, consumption growth was strong. The growth rate was most pronounced in 2012, with an X% increase over the previous year. Overhead crane consumption peaked in 2020 and is likely to grow steadily over the next few years
In 2020, overseas shipments of fixed-support overhead cranes fell -X% to X units for the first time since 2017, ending a two-year downward trend. Overall, exports faced a severe decline. The fastest growth rate in 2017, an increase of X% year-on-year. As a result, exports peaked at X units. From 2018 to 2020, the growth rate of exports remained at a low level.
Overhead crane exports shrunk significantly to $X in 2020 in value terms. During the period under review, there was a sudden contraction in exports. The fastest growth rate in 2016, an increase of X% year-on-year. During the period under review, exports peaked at $X in 2007; however, from 2008 to 2020, export figures were slightly lower.
Oman (unit X) and Ghana (unit X) are the main destinations for Pakistani bridge crane exports. In addition, Oman's bridge crane exports are more than double the figures recorded by the second largest exporter, Ghana.
Among the major destination countries from 2007 to 2020, the most significant growth rate in shipments was Oman. The average annual value growth rate for Ghana from 2007 to 2020 was relatively modest.
In 2020, the import volume of bridge cranes in Pakistan reached X units, an increase of X% over the previous year. Overall, imports have grown significantly. 2012 saw the fastest growth, with imports increasing by X% year-on-year. During the period under review, imports peaked in 2020 and are expected to keep growing for years to come.
Overhead crane imports surged to $X in 2020 by value. Overall, imports continue to show resilient expansion. In 2012, the growth rate was the fastest, with an increase of X% year-on-year. During the period under review, imports peaked in 2020 and are expected to keep growing in the near future.
In 2020, China (X units) was Pakistan's largest supplier of overhead cranes, accounting for X% of total imports. In addition, bridge cranes imported from China were more than ten times higher than the number recorded by the second largest supplier, Turkey (X units). Italy (X units) occupies the third position in the ranking with an X% share.
From 2007 to 2020, the average annual growth rate of Chinese exports reached +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Turkey (+X% per annum) and Italy (+X% per annum). China (USD X) is Pakistan's largest supplier of overhead cranes by value, accounting for X% of total imports. In second place is Italy ($X) with X% of total imports. It is followed by Turkey with an X% share.
From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Italy (+X% per annum) and Turkey (+X% per annum).
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