Price for Track Suits; of Cotton, Knitted or Crocheted in Pakistan - 2023
Contents:
- Price for Track Suits; of Cotton, Knitted or Crocheted in Pakistan (FOB) - 2023
- Price for Track Suits; of Cotton, Knitted or Crocheted in Pakistan (CIF) - 2022
- Exports of Track Suits; of Cotton, Knitted or Crocheted in Pakistan
- Imports of Track Suits; of Cotton, Knitted or Crocheted in Pakistan
Price for Track Suits; of Cotton, Knitted or Crocheted in Pakistan (FOB) - 2023
In June 2023, the average export price for track suits; of cotton, knitted or crocheted amounted to $10.2 per unit, surging by 3.3% against the previous month. In general, export price indicated noticeable growth from July 2022 to June 2023: its price increased at an average monthly rate of +3.8% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, export price for track suits; of cotton, knitted or crocheted increased by +3.3% against May 2023 indices. The pace of growth was the most pronounced in August 2022 an increase of 39% against the previous month. The export price peaked at $10.7 per unit in March 2023; however, from April 2023 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Switzerland ($13.0 per unit), while the average price for exports to the UK ($7.0 per unit) was amongst the lowest.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Track Suits; of Cotton, Knitted or Crocheted in Pakistan (CIF) - 2022
In 2022, the average import price for track suits; of cotton, knitted or crocheted amounted to $2.2 per unit, shrinking by -25.3% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 63%. Over the period under review, average import prices hit record highs at $5.4 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 ($12 per unit), while the price for Italy ($0.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.9%), while the prices for the other major suppliers experienced a decline.
Exports of Track Suits; of Cotton, Knitted or Crocheted in Pakistan
In 2022, approx. 784K units of track suits; of cotton, knitted or crocheted were exported from Pakistan; falling by -10.7% on 2021 figures. Overall, exports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 48%. As a result, the exports attained the peak of 878K units, and then declined in the following year.
In value terms, exports of track suits; of cotton, knitted or crocheted fell to $6M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 93% against the previous year. As a result, the exports attained the peak of $6.3M, and then contracted in the following year.
| Export of Track Suits; of Cotton, Knitted or Crocheted in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 635 | 160 | 1,960 | 2,523 | 58.4% |
| United Kingdom | 337 | 1,303 | 1,604 | 1,367 | 59.5% |
| Poland | 1.0 | N/A | 199 | 679 | 778.9% |
| Slovenia | N/A | N/A | N/A | 435 | 0% |
| Germany | 254 | 433 | 597 | 187 | -9.7% |
| Netherlands | 880 | 430 | 515 | 173 | -41.9% |
| Hungary | N/A | N/A | 152 | 53.2 | -65.0% |
| France | 174 | N/A | 127 | 46.5 | -35.6% |
| Belgium | 527 | 2.9 | 19.9 | 15.4 | -69.2% |
| United Arab Emirates | 455 | 380 | 220 | 12.9 | -69.5% |
| Australia | 720 | N/A | 53.3 | 12.3 | -74.2% |
| Others | 724 | 569 | 880 | 457 | -14.2% |
| Total | 4,708 | 3,277 | 6,329 | 5,962 | 8.2% |
Top Export Markets for Track Suits; of Cotton, Knitted or Crocheted from Pakistan in 2022:
- United States (282.6K units)
- United Kingdom (182.6K units)
- Poland (117.9K units)
- Slovenia (61.6K units)
- Germany (28.0K units)
- Netherlands (24.5K units)
- Hungary (14.1K units)
- France (4.6K units)
- Belgium (2.1K units)
- Australia (1.9K units)
- United Arab Emirates (1.7K units)
Imports of Track Suits; of Cotton, Knitted or Crocheted in Pakistan
In 2022, purchases abroad of track suits; of cotton, knitted or crocheted decreased by -25.7% to 13K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 125% against the previous year. Imports peaked at 17K units in 2021, and then reduced dramatically in the following year.
In value terms, imports of track suits; of cotton, knitted or crocheted reduced sharply to $27K in 2022. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 167%. Imports peaked at $50K in 2021, and then reduced markedly in the following year.
| Import of Track Suits; of Cotton, Knitted or Crocheted in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.8 | 13.8 | 28.4 | 24.3 | 85.6% |
| Cambodia | N/A | N/A | N/A | 1.7 | 0% |
| Turkey | N/A | N/A | 3.2 | 1.3 | -59.4% |
| Hong Kong SAR | 0.5 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 2.6 | 4.5 | 16.8 | N/A | 154.2% |
| Others | 0.1 | 0.3 | 1.1 | 0.2 | 26.0% |
| Total | 7.0 | 18.6 | 49.5 | 27.5 | 57.8% |
Top Suppliers of Track Suits; of Cotton, Knitted or Crocheted to Pakistan in 2022:
- China (11.5K units)
- Cambodia (0.6K units)
- Turkey (0.4K units)
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