Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Pakistan - 2023
Contents:
- Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Pakistan (CIF) - 2023
- Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Pakistan (FOB) - 2022
- Imports of Yarn of Carded Wool, Not Put Up for Retail Sale in Pakistan
- Exports of Yarn of Carded Wool, Not Put Up for Retail Sale in Pakistan
Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Pakistan (CIF) - 2023
The average import price for yarn of carded wool, not put up for retail sale stood at $15,168 per ton in July 2023, rising by 228% against the previous month. In general, the import price showed a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($19,199 per ton), while the price for Afghanistan ($5,883 per ton) was amongst the lowest.
From October 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Denmark (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Pakistan (FOB) - 2022
The average export price for yarn of carded wool, not put up for retail sale stood at $2,252 per ton in 2022, shrinking by -20% against the previous year. In general, the export price recorded a noticeable reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 173% against the previous year. As a result, the export price attained the peak level of $9,650 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Afghanistan ($2,500 per ton), while the average price for exports to the United States totaled $2,245 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (-2.9%), while the prices for the other major destinations experienced a decline.
Imports of Yarn of Carded Wool, Not Put Up for Retail Sale in Pakistan
For the third year in a row, Pakistan recorded decline in overseas purchases of yarn of carded wool, not put up for retail sale, which decreased by -16.7% to 152 tons in 2022. In general, imports faced a precipitous decline. The smallest decline of -13.9% was in 2020.
In value terms, imports of yarn of carded wool, not put up for retail sale contracted to $1.4M in 2022. Over the period under review, imports recorded a dramatic decrease.
| Import of Yarn of Carded Wool, Not Put Up for Retail Sale in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1,454 | 295 | 926 | 824 | -17.2% |
| China | 2,266 | 1,923 | 251 | 381 | -44.8% |
| New Zealand | 422 | 776 | 386 | 132 | -32.1% |
| Others | 155 | 99.1 | 48.1 | 42.9 | -34.8% |
| Total | 4,297 | 3,093 | 1,611 | 1,380 | -31.5% |
Top Suppliers of Yarn of Carded Wool, Not Put Up for Retail Sale to Pakistan in 2022:
- China (76.6 tons)
- South Korea (49.7 tons)
- New Zealand (19.8 tons)
Exports of Yarn of Carded Wool, Not Put Up for Retail Sale in Pakistan
In 2022, exports of yarn of carded wool, not put up for retail sale from Pakistan fell markedly to 210 kg, which is down by -93.1% against the previous year. In general, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2021 when exports increased by 453% against the previous year.
In value terms, exports of yarn of carded wool, not put up for retail sale dropped sharply to $473 in 2022. Overall, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year.
| Export of Yarn of Carded Wool, Not Put Up for Retail Sale in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.2 | 0.4 | 6.4 | 0.5 | -76.0% |
| New Zealand | N/A | 4.9 | N/A | N/A | 0% |
| India | 4.2 | N/A | N/A | N/A | 0% |
| Afghanistan | 4.0 | N/A | 2.2 | N/A | -25.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 44.4 | 5.3 | 8.6 | 0.5 | -77.6% |
Top Export Markets for Yarn of Carded Wool, Not Put Up for Retail Sale from Pakistan in 2022:
- United States (204.0 kg)
- Afghanistan (6.0 kg)
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