Pakistan: Women Knitwear Market 2024

Women Knitwear Market Size in Pakistan

The Pakistani women knitwear market was estimated at $X in 2022, rising by 1.8% against the previous year. Overall, consumption, however, continues to indicate prominent growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Women Knitwear Production in Pakistan

In value terms, women knitwear production amounted to $X in 2022 estimated in export price. Over the period under review, production saw prominent growth. The growth pace was the most rapid in 2014 when the production volume increased by 41%. Women knitwear production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Women Knitwear Exports

Exports from Pakistan

For the fifth consecutive year, Pakistan recorded growth in shipments abroad of women's or girls' clothing (knitted or crocheted), which increased by 37% to X units in 2022. In general, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, women knitwear exports soared to $X in 2022. Over the period under review, exports continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), the UK (X units) and Germany (X units) were the main destinations of women knitwear exports from Pakistan, with a combined 60% share of total exports. Spain, the Netherlands, Belgium, the United Arab Emirates and Italy lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +33.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for women knitwear exported from Pakistan were the United States ($X), the UK ($X) and Germany ($X), with a combined 59% share of total exports. Spain, the Netherlands, Belgium, the United Arab Emirates and Italy lagged somewhat behind, together comprising a further 29%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +38.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average women knitwear export price stood at $X per unit in 2022, picking up by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Women Knitwear Imports

Imports into Pakistan

Women knitwear imports into Pakistan surged to X units in 2022, rising by 527% compared with 2021 figures. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, women knitwear imports surged to $X in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main women knitwear supplier to Pakistan, accounting for a 91% share of total imports. It was followed by the United Arab Emirates (X units), with a 1.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +82.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+20.8% per year) and Bangladesh (+55.2% per year).

In value terms, China ($X) constituted the largest supplier of women's or girls' clothing (knitted or crocheted) to Pakistan, comprising 88% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 5.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +72.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+40.1% per year) and Bangladesh (+47.3% per year).

Import Prices by Country

The average women knitwear import price stood at $X per unit in 2022, growing by 20% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 44% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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