Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Pakistan - 2023
Contents:
- Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Pakistan (CIF) - 2023
- Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Pakistan (FOB) - 2022
- Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Pakistan
- Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Pakistan
Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Pakistan (CIF) - 2023
In July 2023, the average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning amounted to $1,817 per ton, shrinking by -32.2% against the previous month. In general, the import price showed a pronounced slump. The pace of growth was the most pronounced in December 2022 an increase of 34% against the previous month. Over the period under review, average import prices reached the maximum at $3,312 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Austria ($3,206 per ton), while the price for Indonesia ($1,767 per ton) was amongst the lowest.
From August 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Austria (-0.0%), while the prices for the other major suppliers experienced a decline.
Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Pakistan (FOB) - 2022
The average export price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $1,538 per ton in 2022, which is down by -48.2% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of 29%. As a result, the export price reached the peak level of $4,578 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($5,548 per ton), while the average price for exports to the United Arab Emirates ($387 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-6.8%), while the prices for the other major destinations experienced a decline.
Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Pakistan
In 2022, purchases abroad of artificial staple fibres, not carded, combed or otherwise processed for spinning decreased by -26.2% to 179K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 19%. As a result, imports attained the peak of 242K tons, and then contracted dramatically in the following year.
In value terms, imports of artificial staple fibres, not carded, combed or otherwise processed for spinning declined dramatically to $404M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +6.0% 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 +45.8% against 2020 indices. 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 $480M, and then fell significantly in the following year.
| Import of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 123 | 97.0 | 142 | 148 | 6.4% |
| Indonesia | 89.7 | 99.5 | 188 | 129 | 12.9% |
| Austria | 44.5 | 33.6 | 65.1 | 49.8 | 3.8% |
| Thailand | 39.7 | 22.7 | 40.1 | 41.7 | 1.7% |
| Taiwan (Chinese) | 27.7 | 10.1 | 23.5 | 16.1 | -16.5% |
| India | 7.6 | 8.6 | 10.0 | 11.4 | 14.5% |
| Others | 6.8 | 5.3 | 11.6 | 7.5 | 3.3% |
| Total | 339 | 277 | 480 | 404 | 6.0% |
Top Suppliers of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Pakistan in 2022:
- China (68.0K tons)
- Indonesia (62.1K tons)
- Austria (17.1K tons)
- Thailand (16.1K tons)
- Taiwan (Chinese) (7.4K tons)
- India (5.3K tons)
Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Pakistan
In 2022, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning from Pakistan soared to 11 tons, rising by 943% against 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning surged to $17K in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 677%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 0.2 | 1.1 | 1.2 | 5.8 | 207.2% |
| Afghanistan | N/A | N/A | N/A | 5.4 | 0% |
| Saudi Arabia | 0.3 | 2.9 | 0.9 | 3.6 | 128.9% |
| United Arab Emirates | 0.1 | 0.6 | 0.3 | 0.7 | 91.3% |
| Others | 0.2 | 0.9 | 0.8 | 1.7 | 104.1% |
| Total | 0.7 | 5.5 | 3.2 | 17.2 | 190.7% |
Top Export Markets for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Pakistan in 2022:
- Afghanistan (6.3 tons)
- United Arab Emirates (1.7 tons)
- Saudi Arabia (1.7 tons)
- Denmark (1.3 tons)
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