Pakistan: Woolen Fabric Market 2024

Woolen Fabric Market Size in Pakistan

In 2021, the Pakistani woolen fabric market increased by 6.6% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a relatively flat trend pattern. Woolen fabric consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Woolen Fabric Production in Pakistan

In value terms, woolen fabric production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 29%. Woolen fabric production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Woolen Fabric Exports

Exports from Pakistan

In 2021, shipments abroad of woven woolen fabrics increased by 529% to X square meters for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a abrupt slump. Over the period under review, the exports hit record highs at X square meters in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, woolen fabric exports skyrocketed to $X in 2021. Overall, exports, however, recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 429% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for woolen fabric exports from Pakistan, accounting for a 93% share of total exports. It was followed by Saudi Arabia (X square meters), with a 2% share of total exports. Indonesia (X square meters) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-24.7% per year) and Indonesia (-15.9% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for woven woolen fabrics exports from Pakistan, comprising 64% of total exports. The second position in the ranking was held by Thailand ($X), with a 12% share of total exports. It was followed by Saudi Arabia, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at -15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+2.8% per year) and Saudi Arabia (-24.8% per year).

Export Prices by Country

The average woolen fabric export price stood at $X per square meter in 2021, falling by -64.6% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 112%. Over the period under review, the average export prices reached the maximum at $X per square meter in 2018; however, from 2019 to 2021, 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 Thailand ($X per square meter), while the average price for exports to the United Arab Emirates ($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 Cambodia (+15.9%), while the prices for the other major destinations experienced mixed trend patterns.

Woolen Fabric Imports

Imports into Pakistan

In 2021, supplies from abroad of woven woolen fabrics increased by 35% to X square meters for the first time since 2017, thus ending a three-year declining trend. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 188% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, woolen fabric imports soared to $X in 2021. In general, imports posted a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 251% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X square meters) constituted the largest supplier of woolen fabric to Pakistan, with a 67% share of total imports. Moreover, woolen fabric imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X square meters), tenfold. Thailand (X square meters) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-12.6% per year) and Thailand (+5.5% per year).

In value terms, China ($X) constituted the largest supplier of woven woolen fabrics to Pakistan, comprising 68% of total imports. The second position in the ranking was taken by Thailand ($X), with a 4.9% share of total imports. It was followed by the United Arab Emirates, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+16.5% per year) and the United Arab Emirates (-3.3% per year).

Import Prices by Country

The average woolen fabric import price stood at $X per square meter in 2021, remaining stable against the previous year. Overall, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, woolen fabric import price decreased by -1.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 Singapore ($X per square meter), while the price for Turkey ($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 the United Arab Emirates (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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