Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Pakistan - 2023
Contents:
- Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Pakistan (CIF) - 2023
- Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Pakistan (FOB) - 2022
- Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Pakistan
- Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Pakistan
Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Pakistan (CIF) - 2023
The average import price for textile fabrics; tyrecord of high tenacity yarn of polyesters stood at $703 per ton in August 2023, declining by -41.3% against the previous month. In general, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in October 2022 when the average import price increased by 37% month-to-month. As a result, import price attained the peak level of $4,866 per ton. From November 2022 to August 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from China ($711 per ton) and Vietnam ($704 per ton), while the price for Thailand ($693 per ton) and the United States ($698 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by South Korea (-1.7%), while the prices for the other major suppliers experienced a decline.
Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Pakistan (FOB) - 2022
In 2022, the average export price for textile fabrics; tyrecord of high tenacity yarn of polyesters amounted to $2,437 per ton, shrinking by -31.3% against the previous year. In general, the export price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2020 an increase of 23%. As a result, the export price attained the peak level of $4,547 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($2,702 per ton), while the average price for exports to the United Arab Emirates ($1,089 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 United States (+7.7%), while the prices for the other major destinations experienced a decline.
Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Pakistan
In 2022, the amount of textile fabrics; tyrecord of high tenacity yarn of polyesters imported into Pakistan reached 1.6K tons, growing by 2.2% compared with 2021 figures. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 111%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of polyesters skyrocketed to $3.3M in 2022. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 71%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,004 | 638 | 1,444 | 1,251 | 7.6% |
| Japan | N/A | N/A | 200 | 675 | 237.5% |
| Vietnam | 138 | 304 | 314 | 485 | 52.0% |
| Thailand | 341 | 186 | 53.5 | 279 | -6.5% |
| United States | 82.8 | 60.3 | 109 | 259 | 46.2% |
| Czech Republic | 172 | 71.8 | 148 | 69.9 | -25.9% |
| Turkey | 99.6 | 71.8 | 57.0 | 41.9 | -25.1% |
| Malaysia | 24.2 | N/A | 19.4 | 40.8 | 19.0% |
| Others | 345 | 149 | 186 | 191 | -17.9% |
| Total | 2,207 | 1,481 | 2,531 | 3,292 | 14.3% |
Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester to Pakistan in 2022:
- China (640.2 tons)
- Vietnam (280.9 tons)
- Japan (249.3 tons)
- United States (160.4 tons)
- Thailand (122.8 tons)
- Czech Republic (38.7 tons)
- Malaysia (33.0 tons)
- Turkey (24.1 tons)
Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Pakistan
In 2022, exports of textile fabrics; tyrecord of high tenacity yarn of polyesters from Pakistan fell significantly to 4.8 tons, dropping by -77.6% against the year before. Over the period under review, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 58%.
In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of polyesters reduced notably to $12K in 2022. In general, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 34%.
| Export of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 415 | 3.4 | 17.8 | 8.3 | -72.9% |
| Spain | 82.2 | 16.3 | 10.0 | 2.1 | -70.5% |
| Germany | 4.1 | 1.3 | 6.8 | 0.4 | -54.0% |
| Oman | N/A | N/A | N/A | 0.3 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 0.2 | 0% |
| Lithuania | 2.1 | 3.8 | N/A | 0.2 | -54.3% |
| New Zealand | 6.8 | 3.9 | 1.2 | 0.2 | -69.1% |
| Norway | 13.5 | 9.6 | N/A | N/A | -28.9% |
| United States | N/A | 1.0 | 15.7 | N/A | 1470.0% |
| Denmark | N/A | 3.3 | 13.4 | N/A | 306.1% |
| Canada | N/A | 1.9 | 11.2 | N/A | 489.5% |
| Others | 16.7 | 12.3 | N/A | N/A | -26.3% |
| Total | 540 | 56.7 | 76.1 | 11.7 | -72.1% |
Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester from Pakistan in 2022:
- France (3194.0 kg)
- Spain (949.0 kg)
- United Arab Emirates (179.0 kg)
- Germany (171.0 kg)
- Oman (134.0 kg)
- Lithuania (87.0 kg)
- New Zealand (84.0 kg)
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