Price for Woven Fabrics of Artificial Staple Fibres in Pakistan - 2023
Contents:
- Price for Woven Fabrics of Artificial Staple Fibres in Pakistan (FOB) - 2023
- Price for Woven Fabrics of Artificial Staple Fibres in Pakistan (CIF) - 2022
- Exports of Woven Fabrics of Artificial Staple Fibres in Pakistan
- Imports of Woven Fabrics of Artificial Staple Fibres in Pakistan
Price for Woven Fabrics of Artificial Staple Fibres in Pakistan (FOB) - 2023
In June 2023, the average export price for woven fabrics of artificial staple fibres amounted to $1.3 per square meter, rising by 25% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $1.5 per square meter in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In June 2023, the countries with the highest prices were the United States ($1.3 per square meter) and Belgium ($1.3 per square meter), while the average price for exports to Mexico ($1.2 per square meter) and Turkey ($1.2 per square meter) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Woven Fabrics of Artificial Staple Fibres in Pakistan (CIF) - 2022
The average import price for woven fabrics of artificial staple fibres stood at $4.7 per square meter in 2022, with a decrease of -64% against the previous year. Overall, the import price faced a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of 13% against the previous year. As a result, import price attained the peak level of $21 per square meter. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($16 per square meter), while the price for the United Arab Emirates totaled $4.5 per square meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.7%).
Exports of Woven Fabrics of Artificial Staple Fibres in Pakistan
In 2022, overseas shipments of woven fabrics of artificial staple fibres decreased by -9.8% to 528K square meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 109%. Over the period under review, the exports of hit record highs at 586K square meters in 2021, and then shrank in the following year.
In value terms, exports of woven fabrics of artificial staple fibres fell significantly to $8.9M in 2022. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 192% against the previous year. Over the period under review, the exports of attained the peak figure at $13M in 2021, and then fell rapidly in the following year.
| Export of Woven Fabrics of Artificial Staple Fibres in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,457 | 7,335 | 7,843 | 5,992 | 60.2% |
| United States | 19.3 | 2.7 | 760 | 581 | 211.1% |
| Germany | 168 | 408 | 591 | 452 | 39.1% |
| Belgium | 171 | 249 | 561 | 429 | 35.9% |
| Portugal | 0.4 | 10.1 | 480 | 367 | 871.7% |
| Italy | 358 | 363 | 354 | 284 | -7.4% |
| Oman | 431 | 131 | 81.2 | 178 | -25.5% |
| United Arab Emirates | 71.0 | 12.8 | 81.6 | 62.4 | -4.2% |
| Others | 587 | 1,009 | 1,910 | 596 | 0.5% |
| Total | 3,263 | 9,521 | 12,664 | 8,941 | 39.9% |
Top Export Markets for Woven Fabrics of Artificial Staple Fibres from Pakistan in 2022:
- Turkey (255.7K square meters)
- Germany (48.1K square meters)
- Portugal (40.6K square meters)
- United States (37.4K square meters)
- Belgium (37.2K square meters)
- Oman (37.0K square meters)
- Italy (18.4K square meters)
- United Arab Emirates (15.0K square meters)
Imports of Woven Fabrics of Artificial Staple Fibres in Pakistan
After three years of growth, supplies from abroad of woven fabrics of artificial staple fibres decreased by -8.7% to 528K square meters in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.0% 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 increased by +72.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 56% against the previous year. Imports peaked at 578K square meters in 2021, and then reduced in the following year.
In value terms, imports of woven fabrics of artificial staple fibres declined dramatically to $2.5M in 2022. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 53%. Over the period under review, imports of hit record highs at $7.6M in 2021, and then fell dramatically in the following year.
| Import of Woven Fabrics of Artificial Staple Fibres in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.1 | 6.8 | 6.8 | 2.2 | -18.7% |
| United Arab Emirates | 0.1 | 0.1 | 0.6 | 0.2 | 26.0% |
| Turkey | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Others | 0.2 | N/A | 0.2 | N/A | 0.0% |
| Total | 4.6 | 7.1 | 7.6 | 2.5 | -18.4% |
Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Pakistan in 2022:
- China (143.6K square meters)
- United Arab Emirates (41.4K square meters)
- Turkey (2.2K square meters)
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