Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Pakistan - 2023

Contents:

1. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Pakistan (CIF) - 2022
2. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Pakistan (FOB) - 2022
3. Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Pakistan
4. Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Pakistan

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Pakistan (CIF) - 2022

In 2022, the average import price for twine, cordage or rope; knotted netting, of other than man-made textileses amounted to $2,890 per ton, increasing by 41% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($3,238 per ton) and Australia ($3,016 per ton), while the price for Thailand ($2,383 per ton) and Iran ($2,655 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+16.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Pakistan (FOB) - 2022

In 2022, the average export price for twine, cordage or rope; knotted netting, of other than man-made textileses amounted to $1,623 per ton, waning by -16.4% against the previous year. In general, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs at $4,504 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($3,567 per ton), while the average price for exports to Saudi Arabia ($1,408 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 the United Arab Emirates (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Pakistan

In 2022, purchases abroad of twine, cordage or rope; knotted netting, of other than man-made textileses decreased by -24.4% to 369 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 267% against the previous year. As a result, imports attained the peak of 488 tons, and then contracted significantly in the following year.

In value terms, imports of twine, cordage or rope; knotted netting, of other than man-made textileses expanded notably to $1.1M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 177% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles to Pakistan in 2022:

1. Iran (183.7 tons)
2. China (106.4 tons)
3. Australia (70.0 tons)
4. Thailand (7.9 tons)

Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Pakistan

In 2022, exports of twine, cordage or rope; knotted netting, of other than man-made textileses from Pakistan skyrocketed to 283 tons, rising by 25% compared with the year before. Overall, total exports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +4.7% 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 +96.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 57%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of twine, cordage or rope; knotted netting, of other than man-made textileses rose slightly to $459K in 2022. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 31%.

Top Export Markets for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles from Pakistan in 2022:

1. Saudi Arabia (182.7 tons)
2. United Arab Emirates (29.3 tons)
3. Algeria (22.9 tons)
4. Qatar (18.9 tons)
5. United Kingdom (11.4 tons)
6. Kuwait (8.4 tons)
7. Vietnam (4.5 tons)

Source: IndexBox Market Intelligence Platform