Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Pakistan - 2023
Contents:
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Pakistan (CIF) - 2022
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Pakistan (FOB) - 2022
- Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Pakistan
- Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Pakistan
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Pakistan (CIF) - 2022
The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $1,734 per ton in 2022, growing by 139% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($2,938 per ton), while the price for Bangladesh ($527 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Pakistan (FOB) - 2022
In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $698 per ton, waning by -14.5% against the previous year. Overall, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2019 an increase of 40%. The export price peaked at $1,751 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 Belgium ($4,533 per ton), while the average price for exports to South Korea ($181 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 Belgium (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Pakistan
In 2022, after two years of decline, there was significant growth in supplies from abroad of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses, when their volume increased by 105,362% to 1.8K tons. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses skyrocketed to $3.1M in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.9 | 1.7 | 0.4 | 2,304 | 1268.0% |
| Bangladesh | 18.8 | 10.3 | 0.5 | 303 | 152.6% |
| United Kingdom | 0.3 | 0.4 | 0.1 | 194 | 764.8% |
| United States | 0.7 | 0.3 | 0.1 | 115 | 447.7% |
| Spain | 0.7 | 0.5 | 0.1 | 69.8 | 363.7% |
| Bahrain | N/A | N/A | N/A | 55.7 | 0% |
| Belgium | 1.3 | 0.5 | N/A | 28.1 | 178.6% |
| Others | 2.1 | 1.3 | 0.1 | 41.1 | 169.5% |
| Total | 24.8 | 15.1 | 1.2 | 3,110 | 400.5% |
Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to Pakistan in 2022:
- Thailand (784.4 tons)
- Bangladesh (574.4 tons)
- United Kingdom (215.4 tons)
- United States (71.0 tons)
- Belgium (43.9 tons)
- Bahrain (36.4 tons)
- Spain (29.9 tons)
Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Pakistan
For the fourth consecutive year, Pakistan recorded growth in overseas shipments of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses, which increased by 117% to 625 tons in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 389% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses soared to $436K in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 435% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.5 | 8.1 | 41.4 | 108 | 169.8% |
| Belgium | 4.5 | 6.4 | 31.6 | 67.6 | 146.7% |
| Turkey | 0.6 | 1.6 | 26.3 | 52.5 | 344.0% |
| United Arab Emirates | 0.7 | 0.4 | 14.7 | 31.0 | 253.8% |
| Thailand | 0.7 | 4.1 | 32.0 | 28.6 | 244.4% |
| United Kingdom | 5.0 | 5.4 | 19.8 | 27.0 | 75.4% |
| Mexico | 5.2 | 5.4 | 19.8 | 26.2 | 71.4% |
| Ireland | 2.1 | 2.5 | 10.3 | 18.2 | 105.4% |
| Taiwan (Chinese) | 0.9 | 0.8 | 7.0 | 13.2 | 144.8% |
| Kuwait | 1.8 | 1.2 | 0.5 | 9.6 | 74.7% |
| Afghanistan | 0.2 | 1.8 | 5.6 | 6.1 | 212.4% |
| Ecuador | 0.4 | 0.5 | 2.7 | 6.0 | 146.6% |
| South Korea | 0.7 | 0.8 | 3.0 | 5.1 | 93.9% |
| Others | 4.7 | 4.9 | 19.9 | 36.8 | 98.6% |
| Total | 33.0 | 43.9 | 235 | 436 | 136.4% |
Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from Pakistan in 2022:
- Italy (137.1 tons)
- Turkey (109.9 tons)
- United Arab Emirates (98.5 tons)
- Thailand (44.7 tons)
- Ireland (38.9 tons)
- Kuwait (37.9 tons)
- South Korea (28.2 tons)
- Taiwan (Chinese) (27.5 tons)
- Mexico (23.2 tons)
- United Kingdom (17.1 tons)
- Belgium (14.9 tons)
- Afghanistan (14.8 tons)
- Ecuador (14.0 tons)
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