Home / Knowledge / News / Textiles / Pakistan's textile & garment exports plummet
Pakistan's textile & garment exports plummet
31
Mar '12
The continued power crisis and decline in textile prices in the world market have resulted in a slump in Pakistan's textile and apparel exports during the initial eight months of the current fiscal that began on July 1, 2011.

As per Pakistan Bureau of Statistics (PBS) data, with a year-on-year dip of 7.5 percent the country's textile and garment exports for July-February period of 2011-12 plummeted to US$ 7.989 billion from exports of US$ 8.626 billion achieved during the corresponding period of previous fiscal.

During the period under review, raw cotton exports grew by 23.68 percent year-on-year, yarn (non-cotton) exports grew by 8.03 percent, readymade garment exports by 1.48 percent, tents by 155.98 percent and other textile materials by 3.36 percent.

However, the exports of cotton yarn slipped by 24.94 percent year-on-year, cotton carded by 61.19 percent, cotton cloth by 0.73 percent, towels by 5.23 percent, knitwear by 10.81 percent and bed-wear by 9.85 percent during the eight-month period.

Likewise, exports of art silk and synthetic textiles dropped by 8.90 percent year-on-year and that of made up articles by 8.98 percent during July-February period, the PBS data showed.

According to the data, in February 2012 Pakistan's overall textile exports dipped to US$ 1.046 billion, which is 12.03 percent lower than February 2011's exports of US$ 1.189 billion.

All Pakistan Textile Mills Association (APTMA) has projected that owing to the ongoing power crisis, Pakistan would only be able to export textile and clothing items worth US$ 11 billion by the end of the current fiscal, which will be around US$ 5 billion less than the target of US$ 16 billion set for the current fiscal.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search