Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Pakistan - 2023
Contents:
- Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Pakistan (CIF) - 2023
- Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Pakistan
Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Pakistan (CIF) - 2023
In July 2023, the average import price for knitting machines; circular, with cylinder diameter exceeding 165mms amounted to $4,194 per unit, surging by 71% against the previous month. Over the period under review, the import price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 165% month-to-month. Over the period under review, average import prices attained the peak figure at $43,560 per unit in April 2023; afterwards, it flattened through to July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($7,124 per unit), while the price for Taiwan (Chinese) ($3,673 per unit) was amongst the lowest.
From August 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+98.9%), while the prices for the other major suppliers experienced a decline.
Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Pakistan
In 2022, purchases abroad of knitting machines; circular, with cylinder diameter exceeding 165mms decreased by -59.7% to 819 units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 83%. As a result, imports reached the peak of 2K units, and then dropped rapidly in the following year.
In value terms, imports of knitting machines; circular, with cylinder diameter exceeding 165mms dropped markedly to $7.7M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, imports attained the peak of $11M, and then shrank significantly in the following year.
| Import of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.9 | 6.2 | 8.4 | 5.5 | 12.1% |
| Taiwan (Chinese) | 0.9 | 0.4 | 2.0 | 0.8 | -3.9% |
| Germany | 0.1 | N/A | 0.1 | 0.6 | 81.7% |
| Italy | 1.0 | 0.5 | 0.1 | 0.3 | -33.1% |
| Japan | N/A | 0.6 | 0.1 | 0.1 | -59.2% |
| Others | 0.1 | 0.1 | 0.5 | 0.4 | 58.7% |
| Total | 6.0 | 7.8 | 11.2 | 7.7 | 8.7% |
Top Suppliers of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm to Pakistan in 2022:
- China (661.0 units)
- Germany (91.0 units)
- Taiwan (Chinese) (31.0 units)
- Italy (14.0 units)
- Japan (8.0 units)
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