Price for Embroidery; in the Piece, in Strips or in Motifs in Pakistan - 2023
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in Pakistan (FOB) - 2023
- Price for Embroidery; in the Piece, in Strips or in Motifs in Pakistan (CIF) - 2023
- Exports of Embroidery; in the Piece, in Strips or in Motifs in Pakistan
- Imports of Embroidery; in the Piece, in Strips or in Motifs in Pakistan
Price for Embroidery; in the Piece, in Strips or in Motifs in Pakistan (FOB) - 2023
The average export price for embroidery; in the piece, in strips or in motifses stood at $10,513 per ton in April 2023, waning by -4.1% against the previous month. Overall, export price indicated prominent growth from July 2022 to April 2023: its price increased at an average monthly rate of +5.8% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, export price for embroidery; in the piece, in strips or in motifses decreased by -18.6% against January 2023 indices. The growth pace was the most rapid in October 2022 an increase of 39% month-to-month. The export price peaked at $12,911 per ton in January 2023; however, from February 2023 to April 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In April 2023, the countries with the highest prices were Italy ($11,328 per ton) and Germany ($11,260 per ton), while the average price for exports to France ($9,960 per ton) and the UK ($10,235 per ton) were amongst the lowest.
From July 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Embroidery; in the Piece, in Strips or in Motifs in Pakistan (CIF) - 2023
In April 2023, the average import price for embroidery; in the piece, in strips or in motifses amounted to $1,866 per ton, dropping by -21.4% against the previous month. In general, the import price recorded a deep setback. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 23% m-o-m. The import price peaked at $6,045 per ton in October 2022; however, from November 2022 to April 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to April 2023, the rate of growth in terms of prices for China amounted to -12.1% per month.
Exports of Embroidery; in the Piece, in Strips or in Motifs in Pakistan
After two years of decline, overseas shipments of embroidery; in the piece, in strips or in motifses increased by 41% to 562 tons in 2022. Overall, exports, however, showed a abrupt descent.
In value terms, exports of embroidery; in the piece, in strips or in motifses skyrocketed to $4.8M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Embroidery; in the Piece, in Strips or in Motifs in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 446 | 435 | 217 | 1,688 | 55.8% |
| France | 876 | 581 | 715 | 763 | -4.5% |
| Italy | 548 | 356 | 560 | 590 | 2.5% |
| United Kingdom | 492 | 541 | 750 | 499 | 0.5% |
| Poland | 58.8 | 99.5 | 116 | 199 | 50.1% |
| Germany | 52.7 | 89.9 | 57.5 | 134 | 36.5% |
| Japan | 44.3 | 160 | 72.5 | 133 | 44.3% |
| Norway | 88.2 | 70.6 | 125 | 86.9 | -0.5% |
| Spain | 71.1 | 26.8 | 86.9 | 61.2 | -4.9% |
| Sweden | 17.9 | 9.5 | 7.3 | 60.8 | 50.3% |
| Others | 483 | 720 | 643 | 603 | 7.7% |
| Total | 3,178 | 3,089 | 3,351 | 4,818 | 14.9% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Pakistan in 2022:
- United States (190.7 tons)
- France (92.5 tons)
- United Kingdom (73.2 tons)
- Italy (64.0 tons)
- Poland (21.4 tons)
- Japan (15.1 tons)
- Germany (13.4 tons)
- Norway (9.9 tons)
- Spain (9.0 tons)
- Sweden (8.6 tons)
Imports of Embroidery; in the Piece, in Strips or in Motifs in Pakistan
Imports of embroidery; in the piece, in strips or in motifses into Pakistan reduced sharply to 449 tons in 2022, which is down by -46.5% against the year before. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 603%. As a result, imports reached the peak of 841 tons, and then dropped sharply in the following year.
In value terms, imports of embroidery; in the piece, in strips or in motifses reduced sharply to $2M in 2022. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 720%. As a result, imports attained the peak of $3.4M, and then shrank sharply in the following year.
| Import of Embroidery; in the Piece, in Strips or in Motifs in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.9 | 0.3 | 2.9 | 1.9 | 28.3% |
| India | 0.3 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.5 | N/A | 400.0% |
| Total | 1.2 | 0.4 | 3.4 | 2.0 | 18.6% |
Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Pakistan in 2022:
- China (444.2 tons)
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