Price for Textile Machinery; Spinning Machines in Pakistan - 2023
Contents:
- Price for Textile Machinery; Spinning Machines in Pakistan (CIF) - 2023
- Price for Textile Machinery; Spinning Machines in Pakistan (FOB) - 2022
- Imports of Textile Machinery; Spinning Machines in Pakistan
- Exports of Textile Machinery; Spinning Machines in Pakistan
Price for Textile Machinery; Spinning Machines in Pakistan (CIF) - 2023
In April 2023, the average textile machinery; spinning machines import price amounted to $153K per unit, with a decrease of -25% against the previous month. In general, the import price, however, posted a notable increase. The growth pace was the most rapid in March 2023 when the average import price increased by 379% m-o-m. Over the period under review, average import prices reached the peak figure at $247K per unit in September 2022; afterwards, it flattened through to April 2023.
There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Japan ($467K per unit), while the price for Italy ($27,751 per unit) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textile Machinery; Spinning Machines in Pakistan (FOB) - 2022
The average textile machinery; spinning machines export price stood at $10,079 per unit in 2022, which is down by -25.7% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 98% against the previous year. As a result, the export price reached the peak level of $29,529 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +67.4% per year.
Imports of Textile Machinery; Spinning Machines in Pakistan
In 2022, the amount of textile machinery; spinning machineses imported into Pakistan surged to 2.3K units, growing by 48% on the year before. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 184%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, textile machinery; spinning machines imports dropped to $102M in 2022. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 145%. As a result, imports reached the peak of $118M, and then reduced in the following year.
| Import of Textile Machinery; Spinning Machines in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.7 | 7.2 | 38.9 | 32.2 | 54.7% |
| China | 5.1 | 15.3 | 38.9 | 32.1 | 84.6% |
| India | 31.0 | 4.5 | 20.4 | 16.9 | -18.3% |
| Germany | 28.8 | 10.5 | 18.2 | 15.1 | -19.4% |
| United Arab Emirates | 9.7 | 0.3 | N/A | 2.5 | -36.4% |
| Others | 1.9 | 10.5 | 1.6 | 3.2 | 19.0% |
| Total | 85.2 | 48.2 | 118 | 102 | 6.2% |
Top Suppliers of Textile Machinery; Spinning Machines to Pakistan in 2022:
- China (1208.0 units)
- Japan (580.0 units)
- United Arab Emirates (174.0 units)
- Germany (141.0 units)
- India (111.0 units)
Exports of Textile Machinery; Spinning Machines in Pakistan
In 2022, shipments abroad of textile machinery; spinning machineses was finally on the rise to reach 24 units after two years of decline. Over the period under review, exports, however, continue to indicate a sharp decline. The exports peaked at 75 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, textile machinery; spinning machines exports reduced to $242K in 2022. In general, exports, however, faced a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 14%. The exports peaked at $354K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Textile Machinery; Spinning Machines in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 62.2 | 11.7 | 155 | 242 | 57.3% |
| Thailand | 270 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 21.8 | 212 | N/A | N/A | 872.5% |
| Others | N/A | 2.6 | 103 | N/A | 3861.5% |
| Total | 354 | 226 | 258 | 242 | -11.9% |
Top Export Markets for Textile Machinery; Spinning Machines from Pakistan in 2022:
- India (24.0 units)
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