Pakistan Autoparts Industry's Mid East sales rocket 71 per cent in 2002

Figures released by the Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) show that automotive aftermarket exports to the region amounted to US $ 24 million last year, compared to US$ 14 million in 2001.

Pakistan's drive to secure a larger Middle East market share will move into top gear at Automotive Aftermarket Middle East (AAME) 2003, Dubai's annual international trade show for automobile parts, accessories, tyres, batteries and garage equipment, to be held at the Airport Expo, from March 25-27.

'Dubai is an open market for Pakistan's autoparts sector and through it PAAPAM companies are trying to enter the fast growing Middle East market,' said Azhar Ali, Vice Chairman, PAAPAM, that represents 240 companies.

'Up to 60% of aftermarket imports into Dubai are re-exported, making this segment worth up to US $5 billion annually. With autoparts exports to the Middle East less than 10% of total exports, there are substantial opportunities for PAAPAM companies to increase sales, especially in emerging markets such as Libya and Iran.'

To date, nine Pakistan companies have contracted to participate in the PAAPAM supported national pavilion. They will be displaying a wide range of vehicle components including engine valves, gaskets, camshafts, shock absorbers, steering mechanisms, brake hubs, radiators, door locks and instruments and instrument panels.

In addition to Pakistan, eight other countries will have national or industry pavilions at AAME 2003. They are Australia, India, China, Spain, Taiwan and, for the first time, the UK, Germany and Turkey.

Organiser International Expo-Consults (IEC) says over 250 companies from more than 30 countries across North and South America, Europe, the Middle and Far East and Australasia are projected to take part in the exhibition, that will occupy 3,000 square metres.

'The GCC spare parts market is growing rapidly in tandem with increasing vehicle ownership. It is now worth in excess of US $11 billion, making it highly attractive to international manufacturers and suppliers. AAME will provide the ideal showcase for companies targeting this lucrative business,' said Mohammed Falaknaz, Vice President, IEC.