Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Pakistan - 2023
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Pakistan (FOB) - 2023
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Pakistan (CIF) - 2022
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Pakistan
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Pakistan
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Pakistan (FOB) - 2023
In July 2023, the average export price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $36.3 per unit, surging by 4.9% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in March 2023 when the average export price increased by 8% m-o-m. Over the period under review, the average export prices attained the peak figure in July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was France ($67.6 per unit), while the average price for exports to Saudi Arabia ($20.3 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Pakistan (CIF) - 2022
In 2022, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $133 per unit, increasing by 5.8% against the previous year. Over the period under review, the import price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2021 when the average import price increased by 97%. The import price peaked at $1,854 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($244 per unit), while the price for the United Arab Emirates ($54 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-8.0%), while the prices for the other major suppliers experienced a decline.
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Pakistan
For the fourth year in a row, Pakistan recorded growth in overseas shipments of articles of apparel and clothing accessories, of leather or of composition leather, which increased by 56% to 26M units in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 103% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather rose slightly to $676M in 2022. The total export value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 124 | 112 | 160 | 177 | 12.6% |
| Germany | 105 | 108 | 113 | 105 | 0.0% |
| Canada | 33.4 | 35.4 | 37.5 | 48.5 | 13.2% |
| Netherlands | 29.8 | 28.5 | 36.6 | 34.4 | 4.9% |
| United Kingdom | 37.0 | 30.0 | 33.5 | 31.8 | -4.9% |
| France | 28.5 | 24.7 | 30.9 | 30.9 | 2.7% |
| Spain | 26.9 | 24.6 | 23.7 | 27.8 | 1.1% |
| Poland | 22.5 | 22.9 | 25.6 | 27.3 | 6.7% |
| Italy | 18.3 | 16.6 | 18.1 | 18.8 | 0.9% |
| Sweden | 16.2 | 15.6 | 19.2 | 17.3 | 2.2% |
| Belgium | 18.8 | 13.9 | 17.0 | 14.5 | -8.3% |
| Australia | 7.5 | 9.3 | 12.9 | 11.6 | 15.6% |
| United Arab Emirates | 7.0 | 5.8 | 5.6 | 9.5 | 10.7% |
| Others | 113 | 94.4 | 118 | 122 | 2.6% |
| Total | 588 | 542 | 651 | 676 | 4.8% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Pakistan in 2022:
- United States (7.7M units)
- Germany (3.0M units)
- Canada (2.7M units)
- Poland (1.2M units)
- Sweden (1.0M units)
- United Kingdom (0.9M units)
- Spain (0.9M units)
- France (0.8M units)
- Netherlands (0.8M units)
- United Arab Emirates (0.6M units)
- Belgium (0.6M units)
- Australia (0.5M units)
- Italy (0.5M units)
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Pakistan
In 2022, supplies from abroad of articles of apparel and clothing accessories, of leather or of composition leather decreased by -23.2% to 8.7K units, falling for the second year in a row after two years of growth. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 47% against the previous year. As a result, imports reached the peak of 24K units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather shrank notably to $1.2M in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The smallest decline of -4.9% was in 2020. Over the period under review, imports of hit record highs at $1.6M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 809 | 877 | 786 | 518 | -13.8% |
| Germany | 119 | 82.9 | 120 | 179 | 14.6% |
| Belgium | 14.5 | 4.3 | 1.1 | 113 | 98.3% |
| Hong Kong SAR | 28.8 | 7.4 | 104 | 91.8 | 47.2% |
| United States | 51.1 | 124 | 95.1 | 38.8 | -8.8% |
| United Arab Emirates | 143 | 128 | 93.4 | 35.5 | -37.2% |
| United Kingdom | 50.5 | 33.2 | 27.9 | 17.6 | -29.6% |
| Netherlands | 35.0 | 53.4 | 4.6 | 9.6 | -35.0% |
| Oman | N/A | 9.7 | N/A | N/A | 0% |
| Others | 390 | 240 | 188 | 151 | -27.1% |
| Total | 1,641 | 1,561 | 1,421 | 1,154 | -11.1% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Pakistan in 2022:
- China (3541.0 units)
- Belgium (1472.0 units)
- Germany (1278.0 units)
- United Arab Emirates (653.0 units)
- Hong Kong SAR (376.0 units)
- United States (210.0 units)
- United Kingdom (176.0 units)
- Netherlands (95.0 units)
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