Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Pakistan - 2023

Contents:

1. Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Pakistan (FOB) - 2023
2. Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Pakistan (CIF) - 2022
3. Exports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Pakistan
4. Imports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Pakistan

Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Pakistan (FOB) - 2023

The average export price for tents of textile materials other than cotton or synthetic fibreses stood at $3,821 per ton in July 2023, falling by -12.6% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 37% against the previous month. Over the period under review, the average export prices hit record highs at $5,198 per ton in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was the United States ($7,216 per ton), while the average price for exports to Oman ($1,570 per ton) was amongst the lowest.

From August 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Pakistan (CIF) - 2022

In 2022, the average import price for tents of textile materials other than cotton or synthetic fibreses amounted to $4,814 per ton, reducing by -16.5% against the previous year. Overall, the import price saw a slight reduction. The most prominent rate of growth was recorded in 2016 an increase of 42% against the previous year. The import price peaked at $6,167 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Hong Kong SAR ($6,613 per ton), while the price for China ($2,957 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-0.3%), while the prices for the other major suppliers experienced a decline.

Exports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Pakistan

In 2022, shipments abroad of tents of textile materials other than cotton or synthetic fibreses decreased by -4.6% to 24K tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 54%. As a result, the exports reached the peak of 30K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of tents of textile materials other than cotton or synthetic fibreses surged to $93M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +26.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +101.8% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 100%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Tents of Textile Materials Other than Cotton or Synthetic Fibres from Pakistan in 2022:

1. Saudi Arabia (7.0K tons)
2. United Arab Emirates (2.2K tons)
3. Kuwait (2.1K tons)
4. Jordan (1.4K tons)
5. Kenya (1.1K tons)
6. United States (1.0K tons)
7. Turkey (0.9K tons)
8. Afghanistan (0.8K tons)
9. Romania (0.6K tons)
10. Uzbekistan (0.6K tons)
11. Belgium (0.6K tons)
12. Qatar (0.5K tons)
13. Germany (0.5K tons)

Imports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Pakistan

In 2022, the amount of tents of textile materials other than cotton or synthetic fibreses imported into Pakistan dropped rapidly to 227 tons, with a decrease of -56.8% on the year before. In general, imports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 177% against the previous year. As a result, imports attained the peak of 525 tons, and then reduced remarkably in the following year.

In value terms, imports of tents of textile materials other than cotton or synthetic fibreses contracted sharply to $1.1M in 2022. Over the period under review, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 159% against the previous year. As a result, imports attained the peak of $3M, and then contracted dramatically in the following year.

Top Suppliers of Tents of Textile Materials Other than Cotton or Synthetic Fibres to Pakistan in 2022:

1. Vietnam (117.7 tons)
2. South Korea (72.3 tons)
3. China (29.5 tons)
4. Hong Kong SAR (5.1 tons)
5. Malaysia (0.2 tons)

Source: IndexBox Market Intelligence Platform