Price for Jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted in Pakistan - 2023

Contents:

  1. Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Pakistan (FOB) - 2023
  2. Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Pakistan (CIF) - 2022
  3. Exports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Pakistan
  4. Imports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Pakistan

Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Pakistan (FOB) - 2023

The average export price for jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted stood at $7.7 per unit in June 2023, waning by -1.8% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in December 2022 an increase of 28% against the previous month. As a result, the export price reached the peak level of $8.0 per unit. From January 2023 to June 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Germany ($13.7 per unit), while the average price for exports to South Africa ($2.6 per unit) was amongst the lowest.

From July 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Pakistan (CIF) - 2022

In 2022, the average import price for jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted amounted to $3.4 per unit, which is down by -23.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 45% against the previous year. The import price peaked at $4.5 per unit in 2021, and then dropped sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($12 per unit), while the price for the UK ($2.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Pakistan

In 2022, the amount of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted exported from Pakistan surged to 13M units, growing by 20% on the previous year's figure. Over the period under review, exports, however, saw a abrupt setback. The exports peaked at 17M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted expanded remarkably to $93M in 2022. The total export value increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 27%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Export of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Pakistan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States17.49.414.632.122.6%
Netherlands10.36.511.411.53.7%
United Kingdom6.410.311.510.317.2%
Germany7.012.211.910.113.0%
Spain3.43.84.95.920.2%
Belgium2.21.53.13.010.9%
Canada1.31.01.42.320.9%
China2.34.82.82.1-3.0%
Italy2.91.41.11.2-25.5%
Japan1.92.20.90.9-22.0%
United Arab Emirates6.74.110.50.8-50.8%
Others9.19.610.912.511.2%
Total71.166.885.192.59.2%

Top Export Markets for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted from Pakistan in 2022:

  1. United States (4.7M units)
  2. Netherlands (1.6M units)
  3. United Kingdom (1.5M units)
  4. Germany (1.4M units)
  5. Spain (0.9M units)
  6. Belgium (0.4M units)
  7. Canada (0.3M units)
  8. China (0.3M units)
  9. Italy (0.2M units)
  10. United Arab Emirates (0.1M units)
  11. Japan (0.1M units)

Imports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Pakistan

In 2022, imports of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted into Pakistan shrank to 43K units, waning by -11.2% on the previous year. In general, imports showed a significant curtailment. The pace of growth was the most pronounced in 2021 with an increase of 36%. Imports peaked at 116K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted declined remarkably to $146K in 2022. Over the period under review, imports faced a dramatic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 42%. Over the period under review, imports of attained the maximum at $344K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China11415.134.669.5-15.2%
Cambodia13.10.43.214.94.4%
Turkey4.50.74.414.547.7%
United Kingdom1.719.154.811.790.2%
Vietnam42.52.121.810.3-37.7%
Bangladesh93.79.032.98.7-54.7%
MalaysiaN/A0.65.87.3248.8%
United Arab Emirates68.890.942.70.6-79.4%
Others6.013.815.29.014.5%
Total344152215146-24.8%

Top Suppliers of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted to Pakistan in 2022:

  1. China (22.2K units)
  2. United Kingdom (4.8K units)
  3. Bangladesh (3.0K units)
  4. Vietnam (2.9K units)
  5. Malaysia (2.5K units)
  6. Cambodia (2.4K units)
  7. Turkey (2.2K units)

Source: IndexBox Market Intelligence Platform

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