Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Pakistan - 2023

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Pakistan (CIF) - 2023
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Pakistan (FOB) - 2022
3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Pakistan
4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Pakistan

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Pakistan (CIF) - 2023

The average import price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $1.8 per square meter in December 2023, shrinking by -7.2% against the previous month. Over the period under review, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in May 2023 when the average import price increased by 172% against the previous month. The import price peaked at $3.1 per square meter in January 2023; however, from February 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was China ($1.8 per square meter), while the price for the United Arab Emirates stood at $611 per thousand square meters.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.2%), while the prices for the other major suppliers experienced a decline.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Pakistan (FOB) - 2022

In 2022, the average export price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.9 per square meter, growing by 79% against the previous year. Over the period under review, the export price recorded a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Chile ($13 per square meter), while the average price for exports to the United Arab Emirates ($0.3 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Pakistan

In 2022, imports of fabrics, woven; from strip or the like, of synthetic textile materialses into Pakistan rose significantly to 11M square meters, growing by 14% compared with the year before. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 112% against the previous year. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses shrank to $3.1M in 2022. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 76% against the previous year. As a result, imports attained the peak of $3.6M, and then declined in the following year.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Pakistan in 2022:

1. China (5.2M square meters)
2. Saudi Arabia (4.2M square meters)
3. United Kingdom (0.8M square meters)
4. India (0.3M square meters)
5. Vietnam (0.2M square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Pakistan

In 2022, exports of fabrics, woven; from strip or the like, of synthetic textile materialses from Pakistan declined rapidly to 17K square meters, which is down by -44.5% on the year before. Overall, exports saw a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 1,307%. Over the period under review, the exports of fabrics, woven; from strip or like, of synthetic textile materialses hit record highs at 90K square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses fell slightly to $15K in 2022. In general, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 1,443% against the previous year. The exports peaked at $33K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Pakistan in 2022:

1. United Arab Emirates (5.8K square meters)
2. Qatar (2.7K square meters)
3. Malaysia (2.2K square meters)
4. Kuwait (1.5K square meters)
5. United Kingdom (1.0K square meters)
6. Sri Lanka (0.9K square meters)
7. South Africa (0.7K square meters)
8. Bahrain (0.4K square meters)
9. United States (0.4K square meters)

Source: IndexBox Market Intelligence Platform