Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Pakistan - 2023

Contents:

1. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Pakistan (FOB) - 2022
2. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Pakistan (CIF) - 2022
3. Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Pakistan
4. Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Pakistan

Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Pakistan (FOB) - 2022

The average export price for articles of apparel, clothing accessories and other articles of furskin stood at $223 per unit in 2022, with a decrease of -80.3% against the previous year. Overall, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 263%. As a result, the export price attained the peak level of $3,028 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,791 per unit), while the average price for exports to New Zealand ($21 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 the United States (+39.1%), while the prices for the other major destinations experienced a decline.

Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Pakistan (CIF) - 2022

In 2022, the average import price for articles of apparel, clothing accessories and other articles of furskin amounted to $76 per unit, falling by -17% against the previous year. Overall, the import price continues to indicate a sharp contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 29% against the previous year. The import price peaked at $951 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($93 per unit), while the price for China ($15 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (-12.3%), while the prices for the other major suppliers experienced a decline.

Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Pakistan

For the fourth year in a row, Pakistan recorded growth in overseas shipments of articles of apparel, clothing accessories and other articles of furskin, which increased by 876% to 322 units in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of articles of apparel, clothing accessories and other articles of furskin soared to $72K in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,066%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from Pakistan in 2022:

1. New Zealand (294.0 units)
2. United States (17.0 units)
3. France (9.0 units)
4. United Arab Emirates (2.0 units)

Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Pakistan

In 2022, the amount of articles of apparel, clothing accessories and other articles of furskin imported into Pakistan reduced notably to 92 units, dropping by -75.7% compared with 2021. In general, imports recorded a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 706%. As a result, imports attained the peak of 379 units, and then reduced rapidly in the following year.

In value terms, imports of articles of apparel, clothing accessories and other articles of furskin declined dramatically to $6.9K in 2022. Overall, imports recorded a precipitous slump. The pace of growth was the most pronounced in 2021 with an increase of 281%. As a result, imports attained the peak of $34K, and then shrank markedly in the following year.

Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to Pakistan in 2022:

1. Turkey (81.0 units)
2. Lebanon (4.0 units)
3. Germany (3.0 units)
4. Bahrain (2.0 units)
5. United Arab Emirates (1.0 units)
6. China (1.0 units)

Source: IndexBox Market Intelligence Platform