Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Pakistan - 2023
Contents:
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Pakistan (CIF) - 2023
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Pakistan (FOB) - 2022
- Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Pakistan
- Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Pakistan
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Pakistan (CIF) - 2023
The average import price for yarn of combed wool, not put up for retail sale stood at $2,508 per ton in August 2023, flattening at the previous month. Overall, the import price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in May 2023 an increase of 173% m-o-m. Over the period under review, average import prices hit record highs at $7,902 per ton in October 2022; however, from November 2022 to August 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was China ($2,510 per ton), while the price for South Korea amounted to $2,486 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (-8.4%).
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Pakistan (FOB) - 2022
The average export price for yarn of combed wool, not put up for retail sale stood at $17,032 per ton in 2022, picking up by 267% against the previous year. In general, the export price showed a remarkable increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 268%. As a result, the export price reached the peak level of $23,271 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($38,529 per ton), while the average price for exports to Turkey ($2,333 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 Hungary (+5.2%), while the prices for the other major destinations experienced a decline.
Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Pakistan
In 2022, purchases abroad of yarn of combed wool, not put up for retail sale decreased by -40.5% to 572 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 423% against the previous year.
In value terms, imports of yarn of combed wool, not put up for retail sale shrank remarkably to $2.7M in 2022. Overall, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 375% against the previous year.
| Import of Yarn of Combed Wool, Not Put Up for Retail Sale in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 1.0 | 3.8 | 2.6 | 135.1% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 0.2 | 1.0 | 3.8 | 2.7 | 138.1% |
Top Suppliers of Yarn of Combed Wool, Not Put Up for Retail Sale to Pakistan in 2022:
- China (563.4 tons)
Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Pakistan
Exports of yarn of combed wool, not put up for retail sale from Pakistan contracted significantly to 154 kg in 2022, with a decrease of -88.2% on the previous year's figure. Overall, exports recorded a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 188%.
In value terms, exports of yarn of combed wool, not put up for retail sale shrank sharply to $2.6K in 2022. In general, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 175% against the previous year.
| Export of Yarn of Combed Wool, Not Put Up for Retail Sale in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 1.3 | 0% |
| United States | N/A | N/A | N/A | 0.7 | 0% |
| Hungary | N/A | N/A | N/A | 0.3 | 0% |
| Sweden | 0.4 | N/A | 0.1 | 0.2 | -20.6% |
| New Zealand | N/A | N/A | 4.6 | N/A | 0% |
| Belgium | N/A | 1.8 | N/A | N/A | 0% |
| Sri Lanka | N/A | N/A | 1.0 | N/A | 0% |
| India | 4.8 | N/A | N/A | N/A | 0% |
| Tunisia | 0.4 | N/A | N/A | N/A | 0% |
| Qatar | 48.7 | N/A | N/A | N/A | 0% |
| Turkey | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.4 | 0.3 | 0.1 | 0.0% |
| Total | 54.4 | 2.2 | 6.0 | 2.6 | -63.7% |
Top Export Markets for Yarn of Combed Wool, Not Put Up for Retail Sale from Pakistan in 2022:
- Hungary (57.0 kg)
- United States (48.0 kg)
- United Kingdom (34.0 kg)
- Sweden (10.0 kg)
- Turkey (3.0 kg)
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This report provides an in-depth analysis of the woolen yarn market in Pakistan.
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