All Time High CKD Kits Import In March 2022:

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19 Apr 2022

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All Time High CKD Kits Import In March 2022:

According to statistics released by Pakistan Bureau of Statistics PBS, the Pakistan has recorded all time high CKD Kits imports in March 2022. As the auto companies are increasing car prices in Pakistan and the car deliveries are mostly delayed by the companies but, still the locally assembled cars demands is quite at its peak. According to import data issued by PBS, the CKD kits of worth $168million have been imported in the country in the month of March 2022.

The demand of CKD Kits in the country indicates that despite of high car prices and limitations on car financing, the local auto companies are growing However, there could be one major factor behind this record-high number: every increasing freight charge in the global market.

Ever-Increasing Freight Cost

The rapid increase in freight costs is one of the biggest effects of COVID-19 on the global and local auto industry. And its aftershocks are still ongoing, as there is a shortage of shipping containers while demand is high. And as commercial activity grows after epidemics, every company wants containers for shipments, that shows that everyone is getting them at a much higher price.

As for as the local car companies are concerned, every company receive it at different rates. It is worth mentioning that the companies pay freight charges under the agreement of one year. According to reports, the price per container fluctuated from $ 2,000-2,500 to $ 7,000 last year, and currently, it is trading at $ 4,000-4,500, which is still very high and have played an important role and led to frequent price increases.

We still expect freight charges to return to normal in the coming months, although the numbers are record high, so that car prices remain stable. Over the past few years, the prices of all locally assembled cars have risen sharply.

In addition, we hope that the dollar will soon stabilize against the Pakistani rupee, to bring some more calm to the market. Therefore, this is the stable future of the local auto industry.

Stay tuned with Gari.PK for more updates, news and articles from local and international auto sector. You can also check the motorbike prices in Pakistan and Car Prices Pakistan for all used cars and new cars in the market

Auto Industry CKD Kits CKD Imports in March 2022 Car Prices In Pakistan

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