15/03/2021 – Corona pandemic — auf Deutsch lesen
The Fiber Year: Pakistan
When it comes to pandemic, Pakistan continues to fare better than other parts of the world as the situation remained under control. by Andreas Engelhardt
Pakistan textile and clothing exports. Latest trade performance is demonstrated in the chart. © The Fiber Year
Textile and apparel industry witnessed stunning export growth in January 2021 by jumping 11 percent year-on-year. However, import dependance of fibers poses a real threat to processing industry at the time of soaring fiber prices across all types.
Previous year’s polyester fiber supply was heavily impacted by the more than two months outage while cotton crop failure lifted polyester and viscose demand for cotton replacement, which makes the industry a more attractive fiber sales destination. That is the reason for soaring textile import value by 50 percent in January with raw cotton imports expanding 15 percent to 113,074 tonnes. In light of improved fiber demand, the Pakistani textile sector continued to invest in capacity expansions along the chain.
The government has announced revival of all commercial activities across the country from 15th March 2021.
The Fiber Year teamed up with local textile experts to deliver insights into this industry. More key findings are included in the 6-page monthly report, ready to subscribe for the special offering price of CHF495.- and available at www.thefiberyear.com
