Pakistan: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Pakistan

The Pakistani narrow woven fabric market totaled $X in 2021, growing by 3.7% against the previous year. Overall, consumption continues to indicate a moderate expansion. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Narrow Woven Fabric Production in Pakistan

In value terms, narrow woven fabric production declined to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 86%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Narrow Woven Fabric Exports

Exports from Pakistan

In 2021, shipments abroad of narrow woven fabrics was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 36%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, narrow woven fabric exports totaled $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 42%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for narrow woven fabric exports from Pakistan, with a 24% share of total exports. Moreover, narrow woven fabric exports to the United States exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Sweden (X tons), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.6% per year) and Sweden (+24.8% per year).

In value terms, the United States ($X) remains the key foreign market for narrow woven fabrics exports from Pakistan, comprising 28% of total exports. The second position in the ranking was taken by France ($X), with a 10% share of total exports. It was followed by Malaysia, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.9% per year) and Malaysia (+8.6% per year).

Export Prices by Country

The average narrow woven fabric export price stood at $X per ton in 2021, which is down by -5.7% against the previous year. Overall, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2019 an increase of 35% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Germany (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.

Narrow Woven Fabric Imports

Imports into Pakistan

In 2021, purchases abroad of narrow woven fabrics increased by 407% to X tons, rising for the third consecutive year after two years of decline. In general, imports saw a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, narrow woven fabric imports soared to $X in 2021. Over the period under review, imports, however, saw a noticeable decline. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of narrow woven fabric to Pakistan, accounting for a 86% share of total imports. Moreover, narrow woven fabric imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold. The third position in this ranking was taken by Indonesia (X tons), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+1.1% per year) and Indonesia (+65.7% per year).

In value terms, China ($X) constituted the largest supplier of narrow woven fabrics to Pakistan, comprising 79% of total imports. The second position in the ranking was held by Indonesia ($X), with a 9.1% share of total imports. It was followed by Hong Kong SAR, with a 2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+64.4% per year) and Hong Kong SAR (-28.2% per year).

Import Prices by Country

In 2021, the average narrow woven fabric import price amounted to $X per ton, falling by -69.1% against the previous year. In general, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2017 an increase of 555% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat 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 Thailand ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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