Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Pakistan - 2023
Contents:
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Pakistan (FOB) - 2023
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Pakistan (CIF) - 2022
- Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Pakistan
- Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Pakistan
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Pakistan (FOB) - 2023
In July 2023, the average export price for track suits; of synthetic fibres, knitted or crocheteds amounted to $8.2 per unit, with a decrease of -11.6% against the previous month. Overall, export price indicated moderate growth from August 2022 to July 2023: its price increased at an average monthly rate of +4.4% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, export price for track suits; of synthetic fibres, knitted or crocheteds decreased by -13.7% against April 2023 indices. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 42% month-to-month. The export price peaked at $9.6 per unit in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($9.6 per unit), while the average price for exports to Spain ($5.4 per unit) 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 Denmark (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Pakistan (CIF) - 2022
The average import price for track suits; of synthetic fibres, knitted or crocheteds stood at $2 per unit in 2022, which is down by -34% against the previous year. Overall, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 22%. Over the period under review, average import prices attained the peak figure at $6.5 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cambodia ($2.3 per unit), while the price for China ($1.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Pakistan
In 2022, approx. 2.5M units of track suits; of synthetic fibres, knitted or crocheteds were exported from Pakistan; surging by 81% against the previous year. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of track suits; of synthetic fibres, knitted or crocheteds soared to $17M in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 66%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | 0.5 | 1.6 | 4.5 | 200.0% |
| United Kingdom | 0.5 | 2.2 | 3.6 | 2.7 | 75.4% |
| France | 1.2 | 0.9 | 1.4 | 2.3 | 24.2% |
| Australia | 0.3 | 1.5 | 2.2 | 2.2 | 94.3% |
| Italy | 0.4 | 0.8 | 1.0 | 2.1 | 73.8% |
| United States | 0.2 | 0.3 | 1.0 | 0.9 | 65.1% |
| Spain | 0.9 | 0.8 | 0.6 | 0.9 | 0.0% |
| Germany | 0.7 | 0.4 | 0.7 | 0.7 | 0.0% |
| Others | 1.3 | 0.7 | 1.1 | 1.0 | -8.4% |
| Total | 5.5 | 8.0 | 13.2 | 17.5 | 47.1% |
Top Export Markets for Track Suits; of Synthetic Fibres, Knitted or Crocheted from Pakistan in 2022:
- Denmark (929.4K units)
- United Kingdom (294.2K units)
- Italy (281.5K units)
- France (260.6K units)
- Australia (259.5K units)
- Spain (137.6K units)
- United States (111.9K units)
- Germany (79.2K units)
Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Pakistan
In 2022, approx. 27K units of track suits; of synthetic fibres, knitted or crocheteds were imported into Pakistan; increasing by 78% against 2021. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of track suits; of synthetic fibres, knitted or crocheteds skyrocketed to $53K in 2022. Overall, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +2.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 36% against the previous year. As a result, imports reached the peak of $69K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.4 | 49.6 | 36.8 | 42.9 | 65.9% |
| Cambodia | 0.3 | 5.1 | 8.0 | 7.0 | 185.8% |
| Vietnam | 9.8 | 0.1 | N/A | 3.4 | -29.7% |
| Bangladesh | 27.4 | 8.7 | N/A | N/A | -68.2% |
| Others | 3.4 | 5.0 | 0.6 | 0.1 | -69.1% |
| Total | 50.4 | 68.6 | 45.3 | 53.4 | 1.9% |
Top Suppliers of Track Suits; of Synthetic Fibres, Knitted or Crocheted to Pakistan in 2022:
- China (22.3K units)
- Cambodia (3.1K units)
- Vietnam (1.6K units)
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