Pakistan: Artificial Fur Market 2025

Artificial Fur Market Size in Pakistan

The Pakistani artificial fur market expanded rapidly to $X in 2022, with an increase of 10% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Artificial Fur Production in Pakistan

In value terms, artificial fur production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 85%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Artificial Fur Exports

Exports from Pakistan

In 2022, approx. X tons of artificial fur were exported from Pakistan; which is down by -15.7% compared with the previous year. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 159%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, artificial fur exports dropped rapidly to $X in 2022. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 172%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) was the main destination for artificial fur exports from Pakistan, with a 66% share of total exports. It was followed by the UK (X kg), with a 1.1% share of total exports. The third position in this ranking was taken by the United Arab Emirates (X kg), with a 0.5% share.

From 2012 to 2022, the average annual growth rate of volume to Thailand totaled +49.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-8.0% per year) and the United Arab Emirates (-21.9% per year).

In value terms, Thailand ($X) remains the key foreign market for artificial fur exports from Pakistan, comprising 44% of total exports. The second position in the ranking was held by the UK ($X), with a 7.6% share of total exports. It was followed by the United Arab Emirates, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value to Thailand amounted to +42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+36.6% per year) and the United Arab Emirates (+7.1% per year).

Export Prices by Country

The average artificial fur export price stood at $X per ton in 2022, dropping by -14.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 40% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Turkey ($X 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 UK (+48.6%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Fur Imports

Imports into Pakistan

In 2022, overseas purchases of artificial fur increased by 16% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 98% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, artificial fur imports soared to $X in 2022. Over the period under review, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 103% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of artificial fur to Pakistan, accounting for a 94% share of total imports. It was followed by South Korea (X kg), with a 0.8% share of total imports. Turkey (X kg) ranked third in terms of total imports with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-35.3% per year) and Turkey (-40.3% per year).

In value terms, China ($X) constituted the largest supplier of artificial fur to Pakistan, comprising 84% of total imports. The second position in the ranking was held by South Korea ($X), with a 1.5% share of total imports. It was followed by Turkey, with a 0.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-32.7% per year) and Turkey (-41.1% per year).

Import Prices by Country

In 2022, the average artificial fur import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+276.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :