Price for Knitted or Crocheted Pile Fabrics in Pakistan - 2023
Contents:
- Price for Knitted or Crocheted Pile Fabrics in Pakistan (CIF) - 2022
- Price for Knitted or Crocheted Pile Fabrics in Pakistan (FOB) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in Pakistan
- Exports of Knitted or Crocheted Pile Fabrics in Pakistan
Price for Knitted or Crocheted Pile Fabrics in Pakistan (CIF) - 2022
In 2022, the average import price for knitted or crocheted pile fabricses amounted to $3,983 per ton, with an increase of 14% against the previous year. In general, the import price, however, showed a mild downturn. The growth pace was the most rapid in 2019 when the average import price increased by 15%. Over the period under review, average import prices hit record highs at $4,658 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($6,971 per ton), while the price for China stood at $3,976 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.7%).
Price for Knitted or Crocheted Pile Fabrics in Pakistan (FOB) - 2022
In 2022, the average export price for knitted or crocheted pile fabricses amounted to $8,809 per ton, falling by -9.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 14%. The export price peaked at $9,781 per ton in 2021, and then declined in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($13,258 per ton), while the average price for exports to Portugal ($2,441 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knitted or Crocheted Pile Fabrics in Pakistan
In 2022, knitted or crocheted pile fabrics imports into Pakistan fell dramatically to 21K tons, which is down by -40.7% against the previous year's figure. Overall, imports showed a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year. As a result, imports reached the peak of 36K tons, and then declined significantly in the following year.
In value terms, knitted or crocheted pile fabrics imports fell significantly to $86M in 2022. Over the period under review, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports reached the peak of $126M, and then reduced sharply in the following year.
| Import of Knitted or Crocheted Pile Fabrics in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 116 | 100 | 120 | 85.2 | -9.8% |
| Others | 7.7 | 3.1 | 6.0 | 0.4 | -62.7% |
| Total | 124 | 104 | 126 | 85.6 | -11.6% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to Pakistan in 2022:
- China (21.4K tons)
Exports of Knitted or Crocheted Pile Fabrics in Pakistan
In 2022, overseas shipments of knitted or crocheted pile fabricses decreased by -65.4% to 91 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 197% against the previous year. As a result, the exports reached the peak of 263 tons, and then shrank markedly in the following year.
In value terms, knitted or crocheted pile fabrics exports fell sharply to $801K in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 234% against the previous year. As a result, the exports reached the peak of $2.6M, and then reduced sharply in the following year.
| Export of Knitted or Crocheted Pile Fabrics in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 22.8 | 58.5 | 113 | 251 | 122.5% |
| United States | 4.0 | 1.4 | 139 | 217 | 278.6% |
| China | 164 | 51.3 | 188 | 166 | 0.4% |
| Germany | 0.6 | N/A | N/A | 52.5 | 344.0% |
| Italy | N/A | N/A | N/A | 21.2 | 0% |
| United Arab Emirates | 29.9 | 26.5 | 70.2 | 16.5 | -18.0% |
| Portugal | N/A | N/A | N/A | 15.3 | 0% |
| Haiti | 71.1 | 559 | 1,980 | N/A | 427.7% |
| Others | 25.2 | 72.5 | 80.4 | 61.2 | 34.4% |
| Total | 318 | 769 | 2,570 | 801 | 36.1% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from Pakistan in 2022:
- United States (29.2 tons)
- United Kingdom (18.9 tons)
- China (18.2 tons)
- Portugal (6.3 tons)
- Germany (4.3 tons)
- Italy (2.9 tons)
- United Arab Emirates (2.1 tons)
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