Price for Clothing; Parts, Knitted or Crocheted in Pakistan - 2023
Contents:
- Price for Clothing; Parts, Knitted or Crocheted in Pakistan (FOB) - 2022
- Price for Clothing; Parts, Knitted or Crocheted in Pakistan (CIF) - 2022
- Exports of Clothing; Parts, Knitted or Crocheted in Pakistan
- Imports of Clothing; Parts, Knitted or Crocheted in Pakistan
Price for Clothing; Parts, Knitted or Crocheted in Pakistan (FOB) - 2022
The average export price for clothing; parts, knitted or crocheted stood at $3,961 per ton in 2022, with a decrease of -90.4% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices hit record highs at $41,389 per ton in 2021, and then reduced remarkably in the following year.
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 the Netherlands ($35,027 per ton), while the average price for exports to Colombia ($1,645 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Clothing; Parts, Knitted or Crocheted in Pakistan (CIF) - 2022
The average import price for clothing; parts, knitted or crocheted stood at $41,337 per ton in 2022, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2020 an increase of 23%. The import price peaked in 2022 and is likely to see steady growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($43,947 per ton) and the United Arab Emirates ($37,333 per ton), while the price for Ireland ($34,267 per ton) and Turkey ($35,111 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Clothing; Parts, Knitted or Crocheted in Pakistan
After two years of decline, overseas shipments of clothing; parts, knitted or crocheted increased by 1,052% to 45 tons in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, clothing; parts, knitted or crocheted exports expanded sharply to $180K in 2022. In general, exports, however, faced a deep slump.
| Export of Clothing; Parts, Knitted or Crocheted in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | N/A | N/A | N/A | 67.2 | 0% |
| Italy | 4.0 | 1.1 | 2.1 | 39.3 | 114.2% |
| Netherlands | 17.9 | 48.4 | 30.1 | 28.6 | 16.9% |
| Spain | 85.1 | 12.6 | 18.3 | 5.6 | -59.6% |
| Canada | N/A | 102 | 7.3 | 0.3 | -94.6% |
| Jordan | 26.2 | N/A | N/A | N/A | 0% |
| France | 90.5 | 1.0 | N/A | N/A | -98.9% |
| Others | 51.0 | 77.5 | 105 | 38.7 | -8.8% |
| Total | 275 | 243 | 163 | 180 | -13.2% |
Top Export Markets for Clothing; Parts, Knitted or Crocheted from Pakistan in 2022:
- Canada (undefined tons)
- Colombia (40.9 tons)
- Italy (1.6 tons)
- Netherlands (0.8 tons)
- Spain (0.2 tons)
Imports of Clothing; Parts, Knitted or Crocheted in Pakistan
In 2022, the amount of clothing; parts, knitted or crocheted imported into Pakistan plummeted to 419 kg, with a decrease of -56.2% against 2021. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 435%. As a result, imports reached the peak of 957 kg, and then reduced notably in the following year.
In value terms, clothing; parts, knitted or crocheted imports declined markedly to $17K in 2022. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 403%. As a result, imports reached the peak of $34K, and then shrank notably in the following year.
| Import of Clothing; Parts, Knitted or Crocheted in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 0.9 | 20.2 | 13.3 | 136.9% |
| Turkey | N/A | N/A | N/A | 1.9 | 0% |
| Ireland | N/A | N/A | N/A | 1.5 | 0% |
| United Arab Emirates | N/A | 5.3 | 5.9 | 0.3 | -76.2% |
| United Kingdom | 0.8 | 0.1 | 0.2 | 0.1 | -50.0% |
| Germany | 14.8 | 0.3 | 5.6 | 0.1 | -81.1% |
| United States | 3.8 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.4 | 2.5 | 0.1 | -50.0% |
| Total | 20.3 | 6.8 | 34.4 | 17.3 | -5.2% |
Top Suppliers of Clothing; Parts, Knitted or Crocheted to Pakistan in 2022:
- China (303.0 kg)
- Turkey (54.0 kg)
- Ireland (45.0 kg)
- United Arab Emirates (9.0 kg)
- United Kingdom (3.0 kg)
- Germany (1.0 kg)
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