Pakistan: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Pakistan

The Pakistani market for machines for preparing, weaving and knitting textiles surged to $X in 2021, jumping by 114% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Pakistan

In 2021, overseas shipments of machines for preparing, weaving and knitting textiles increased by 16% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 153%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, textile weaving and knitting machinery exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a deep contraction. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), India (X units) and Bangladesh (X units) were the main destinations of textile weaving and knitting machinery exports from Pakistan, together comprising 81% of total exports. These countries were followed by China, Turkey and Uzbekistan, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +67.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) emerged as the key foreign market for machines for preparing, weaving and knitting textiles exports from Pakistan, comprising 37% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 17% share of total exports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to India stood at +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-19.3% per year) and the United Arab Emirates (-5.7% per year).

Export Prices by Country

In 2021, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, rising by 97% against the previous year. Overall, the export price recorded a pronounced increase. The growth pace was the most rapid in 2013 when the average export price increased by 131% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+80.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Pakistan

In 2021, the amount of machines for preparing, weaving and knitting textiles imported into Pakistan soared to X units, with an increase of 133% on 2020. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, textile weaving and knitting machinery imports surged to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest textile weaving and knitting machinery supplier to Pakistan, with a 50% share of total imports. Moreover, textile weaving and knitting machinery imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.2% per year) and Italy (+7.6% per year).

In value terms, the largest textile weaving and knitting machinery suppliers to Pakistan were China ($X), Japan ($X) and Belgium ($X), together accounting for 64% of total imports. These countries were followed by Italy, Germany, India and Switzerland, which together accounted for a further 22%.

India, with a CAGR of +23.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, shrinking by -10.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2016 an increase of 12%. The import price peaked at $X per unit in 2020, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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