Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Pakistan - 2023

Contents:

1. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Pakistan (CIF) - 2022
2. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Pakistan (FOB) - 2022
3. Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Pakistan
4. Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Pakistan

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Pakistan (CIF) - 2022

The average import price for yarn of other vegetable textile fibres; paper yarns stood at $1,242 per ton in 2022, growing by 51% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. Over the period under review, average import prices hit record highs at $1,312 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($1,258 per ton), while the price for China totaled $848 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+2.7%).

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Pakistan (FOB) - 2022

The average export price for yarn of other vegetable textile fibres; paper yarns stood at $6,103 per ton in 2022, growing by 244% against the previous year. Over the period under review, the export price recorded a mild expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($8,240 per ton), while the average price for exports to Kuwait ($3,000 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 Kuwait (+9.8%), while the prices for the other major destinations experienced a decline.

Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Pakistan

After three years of growth, supplies from abroad of yarn of other vegetable textile fibres; paper yarns decreased by -50.2% to 350 tons in 2022. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of 702 tons, and then reduced markedly in the following year.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns fell dramatically to $435K in 2022. Over the period under review, imports saw a abrupt shrinkage. The smallest decline of -3.2% was in 2020.

Top Suppliers of Yarn of Other Vegetable Textile Fibres; Paper Yarn to Pakistan in 2022:

1. Sri Lanka (332.4 tons)
2. China (17.4 tons)

Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Pakistan

In 2022, overseas shipments of yarn of other vegetable textile fibres; paper yarns decreased by -99.5% to 358 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 70%.

In value terms, exports of yarn of other vegetable textile fibres; paper yarns fell rapidly to $2.2K in 2022. In general, exports saw a sharp shrinkage. The growth pace was the most rapid in 2020 when exports increased by 42%. As a result, the exports attained the peak of $212K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Yarn of Other Vegetable Textile Fibres; Paper Yarn from Pakistan in 2022:

1. United States (140.0 kg)
2. Kuwait (122.0 kg)
3. Sweden (96.0 kg)

Source: IndexBox Market Intelligence Platform