Pakistan: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Pakistan

After two years of decline, the Pakistani quilted textile products market increased by 0.1% to $X in 2021. In general, consumption continues to indicate a strong increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Quilted Textile Products Production in Pakistan

In value terms, quilted textile products production shrank to $X in 2021 estimated in export price. Over the period under review, production posted prominent growth. The growth pace was the most rapid in 2016 when the production volume increased by 117% against the previous year. Quilted textile products production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Quilted Textile Products Exports

Exports from Pakistan

In 2021, approx. X tons of quilted textile products in the piece (excluding embroidery) were exported from Pakistan; jumping by 205% against the previous year's figure. Overall, exports, however, recorded a abrupt slump. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, quilted textile products exports soared to $X in 2021. In general, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 145% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for quilted textile products exports from Pakistan, accounting for a 71% share of total exports. Moreover, quilted textile products exports to Saudi Arabia exceeded the volume sent to the second major destination, the UK (X tons), fivefold. The third position in this ranking was held by Qatar (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+80.5% per year) and Qatar (0.0% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for quilted textile products in the piece (excluding embroidery) exports from Pakistan, comprising 72% of total exports. The second position in the ranking was held by the UK ($X), with a 14% share of total exports. It was followed by Qatar, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+83.6% per year) and Qatar (0.0% per year).

Export Prices by Country

The average quilted textile products export price stood at $X per ton in 2021, waning by -30.9% against the previous year. In general, the export price saw a deep reduction. The pace of growth was the most pronounced in 2016 an increase of 17%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Quilted Textile Products Imports

Imports into Pakistan

In 2021, supplies from abroad of quilted textile products in the piece (excluding embroidery) decreased by -0.6% to X tons, falling for the second consecutive year after four years of growth. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 173%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, quilted textile products imports contracted to $X in 2021. Over the period under review, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2019 with an increase of 84% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of quilted textile products to Pakistan, accounting for a 99% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 0.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +33.3%.

In value terms, China ($X) constituted the largest supplier of quilted textile products in the piece (excluding embroidery) to Pakistan, comprising 99% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +27.9%.

Import Prices by Country

The average quilted textile products import price stood at $X per ton in 2021, declining by -5.1% against the previous year. In general, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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