Pakistan: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Pakistan

The Pakistani man-made filament fabric market rose notably to $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Man-Made Filament Fabric Production in Pakistan

In value terms, man-made filament fabric production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Man-Made Filament Fabric Exports

Exports from Pakistan

In 2022, the amount of woven fabrics of man-made filaments and staple fibers exported from Pakistan fell to X square meters, waning by X% on 2021 figures. In general, exports saw a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, man-made filament fabric exports rose notably to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Ukraine (X square meters), the United Arab Emirates (X square meters) and Italy (X square meters) were the main destinations of man-made filament fabric exports from Pakistan, together accounting for X% of total exports. South Africa, the UK, Argentina, Colombia, Portugal, Germany, Chile, Russia, the Netherlands and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Ukraine ($X) and Italy ($X) appeared to be the largest markets for man-made filament fabric exported from Pakistan worldwide, together accounting for X% of total exports. The UK, South Africa, the Netherlands, Germany, Argentina, Portugal, Belgium, Colombia, Chile and Russia lagged somewhat behind, together accounting for a further X%.

Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average man-made filament fabric export price amounted to $X per square meter, standing approx. at the previous year. Over the last nine years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per square meter), while the average price for exports to Russia ($X per square meter) was amongst the lowest.

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

Man-Made Filament Fabric Imports

Imports into Pakistan

In 2022, man-made filament fabric imports into Pakistan reduced rapidly to X square meters, declining by X% compared with the previous year's figure. Over the period under review, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, man-made filament fabric imports contracted to $X in 2022. In general, imports recorded a noticeable downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X square meters) was the main man-made filament fabric supplier to Pakistan, with a X% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X square meters), fivefold. The United Arab Emirates (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of man-made filaments and staple fibers to Pakistan, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The average man-made filament fabric import price stood at $X per square meter in 2021, dropping by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per square meter in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per square meter), while the price for Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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