Weaving Machines (Looms) Price in Pakistan - 2023
Contents:
- Weaving Machines (Looms) Price in Pakistan (CIF) - 2023
- Weaving Machines (Looms) Price in Pakistan (FOB) - 2022
- Weaving Machines (Looms) Imports in Pakistan
- Weaving Machines (Looms) Exports in Pakistan
Weaving Machines (Looms) Price in Pakistan (CIF) - 2023
The average weaving machines (looms) import price stood at $42,373 per unit in April 2023, shrinking by -26.2% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 448% m-o-m. As a result, import price reached the peak level of $57,448 per unit, and then reduced remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($24,731 per unit), while the price for China totaled $6,660 per unit.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Japan (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Weaving Machines (Looms) Price in Pakistan (FOB) - 2022
In 2022, the average weaving machines (looms) export price amounted to $7,475 per unit, picking up by 3.1% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, weaving machines (looms) export price increased by +55.7% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of 41%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($12,549 per unit), while the average price for exports to Sri Lanka ($1,328 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+66.1%), while the prices for the other major destinations experienced more modest paces of growth.
Weaving Machines (Looms) Imports in Pakistan
In 2022, after three years of growth, there was significant decline in purchases abroad of weaving machines (looms)s, when their volume decreased by -76.2% to 1.7K units. Over the period under review, imports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 74% against the previous year. As a result, imports attained the peak of 7.2K units, and then contracted dramatically in the following year.
In value terms, weaving machines (looms) imports reduced dramatically to $63M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 159% against the previous year. As a result, imports reached the peak of $186M, and then dropped markedly in the following year.
| Import of Weaving Machines (Looms) in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 16.8 | 16.3 | 48.4 | 20.5 | 6.9% |
| Japan | 22.7 | 20.7 | 46.3 | 19.8 | -4.5% |
| China | 5.3 | 6.7 | 25.0 | 7.0 | 9.7% |
| Switzerland | 4.0 | 8.0 | 12.8 | 3.4 | -5.3% |
| Germany | 0.3 | 0.2 | 0.4 | 1.2 | 58.7% |
| Italy | 2.3 | 0.9 | 5.4 | 0.8 | -29.7% |
| Russia | N/A | N/A | 2.7 | 0.8 | -70.4% |
| Others | 12.8 | 19.3 | 45.3 | 9.1 | -10.7% |
| Total | 64.2 | 72.0 | 186 | 62.7 | -0.8% |
Top Suppliers of Weaving Machines (Looms) to Pakistan in 2022:
- Belgium (445.0 units)
- Japan (377.0 units)
- China (342.0 units)
- Switzerland (188.0 units)
- Germany (56.0 units)
- Italy (37.0 units)
- Russia (29.0 units)
Weaving Machines (Looms) Exports in Pakistan
In 2022, approx. 309 units of weaving machines (looms)s were exported from Pakistan; falling by -25.4% compared with the year before. Over the period under review, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 182% against the previous year. Over the period under review, the exports reached the peak figure at 533 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, weaving machines (looms) exports contracted sharply to $2.3M in 2022. Overall, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 226% against the previous year. As a result, the exports reached the peak of $3M, and then declined notably in the following year.
| Export of Weaving Machines (Looms) in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 898 | 43.7 | N/A | 1,245 | 11.5% |
| Bangladesh | 146 | 715 | 1,306 | 381 | 37.7% |
| China | 541 | N/A | 784 | 369 | -12.0% |
| Turkey | N/A | N/A | 515 | 176 | -65.8% |
| Sri Lanka | N/A | N/A | 2.2 | 62.4 | 2736.4% |
| Afghanistan | N/A | N/A | N/A | 21.8 | 0% |
| United States | N/A | N/A | 4.0 | 9.9 | 147.5% |
| India | 883 | 28.5 | N/A | N/A | -96.8% |
| Others | 295 | 132 | 391 | 44.7 | -46.7% |
| Total | 2,763 | 920 | 3,002 | 2,310 | -5.8% |
Top Export Markets for Weaving Machines (Looms) from Pakistan in 2022:
- United Arab Emirates (117.0 units)
- China (71.0 units)
- Sri Lanka (47.0 units)
- Bangladesh (44.0 units)
- Turkey (14.0 units)
- Afghanistan (7.0 units)
- United States (6.0 units)
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