Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Pakistan - 2023
Contents:
- Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Pakistan (CIF) - 2022
- Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Pakistan (FOB) - 2022
- Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Pakistan
- Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Pakistan
Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Pakistan (CIF) - 2022
The average import price for fabrics; looped pile fabrics, of cotton, knitted or crocheted stood at $7,439 per ton in 2022, which is down by -1.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 21% against the previous year. The import price peaked at $9,226 per ton in 2014; however, from 2015 to 2022, 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 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.7% per year.
Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Pakistan (FOB) - 2022
In 2022, the average export price for fabrics; looped pile fabrics, of cotton, knitted or crocheted amounted to $1,942 per ton, dropping by -54.6% against the previous year. Overall, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 an increase of 26%. The export price peaked at $6,310 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($1,950 per ton), while the average price for exports to the United States totaled $1,932 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Pakistan
In 2022, the amount of fabrics; looped pile fabrics, of cotton, knitted or crocheted imported into Pakistan skyrocketed to 35 tons, increasing by 1,978% on the previous year's figure. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 2,086% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of fabrics; looped pile fabrics, of cotton, knitted or crocheted surged to $264K in 2022. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 2,267%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.2 | N/A | 12.7 | 264 | 159.0% |
| Others | 2.3 | 0.5 | 0.2 | N/A | -70.5% |
| Total | 17.5 | 0.5 | 12.9 | 264 | 147.1% |
Top Suppliers of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted to Pakistan in 2022:
- China (35.4 tons)
Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Pakistan
In 2022, after three years of growth, there was significant decline in overseas shipments of fabrics; looped pile fabrics, of cotton, knitted or crocheted, when their volume decreased by -99.6% to 2.7 tons. In general, exports saw a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 160%. As a result, the exports attained the peak of 648 tons, and then contracted remarkably in the following year.
In value terms, exports of fabrics; looped pile fabrics, of cotton, knitted or crocheted shrank remarkably to $5.2K in 2022. Overall, exports faced a precipitous decrease. The pace of growth was the most pronounced in 2021 when exports increased by 217%. As a result, the exports reached the peak of $2.8M, and then shrank significantly in the following year.
| Export of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 3.0 | 0% |
| United States | 413 | 291 | 553 | 2.2 | -82.5% |
| Russia | 35.0 | 342 | 2,029 | N/A | 661.4% |
| Peru | 83.8 | 80.9 | N/A | N/A | -3.5% |
| Others | 93.2 | 162 | 190 | N/A | 42.8% |
| Total | 625 | 875 | 2,772 | 5.2 | -79.7% |
Top Export Markets for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted from Pakistan in 2022:
- United Kingdom (1.5 tons)
- United States (1.1 tons)
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