Textile Exports decline by 20 percent in May-2021

June 21, 2021

340

Pakistan Bureau of Statisitcs released the exports data where textile exports for the month of May’21 registered a decline for the second consecutive month, down 20.5% in May’21 compared to April-2021, where value and non-value added exports recorded a decline of 20.0% and 22.3% respectively owing to lower demand in Off-Season.

On yearly basis, Exports in May-2021 marked a growth of 41.1%YoY compared to May-2020 to stand at US$1.06bn, gaining from low base effect.

Overall, 11Months FY2021 textile exports marked an increase of 19%YoY to stand at US$13.7bn with value added segment registering a rise of 24.6%YoY.

International cotton prices remained stable during May-2021 though still at higher side , up by 38% Sine July-2020. Cotton prices are expected to remain high due to stronger demand expectation outpacing supply growth.

As per latest reports, global production next season is estimated at 118.9 mn bales up 5.0%YoY, and consumption is projected to be at 122.5 mn bales up 4%YoY.

Amount in USD ‘000	May-2021	April-2021	MoM	11MFY2021	YoY
Raw Cotton	–			593	-96͘.5%
Cotton Yarn	72,084	93,565	-30%	896,034	-1͘.6%
Cotton Cloth	134,651	2,437,183	-17.1	1,716,216	1͘%
Yarn other than Cotton Yarn	1,918	86,694	-44.2	28,915	20͘.2%
Total Non Value-Added	208,653	255,183	-22%	2,641,823	-0͘.4%
Knitwear	293,138	333,884	-14%	3,414,300	32͘.7%
Bed Wear	181,000	225,164	-24%	2,472,782	24͘.6%
Towel	61,797	78,482	-27%	838,507	28͘.5%
Tents, Canvas & Tarpaulin	5,923	6,503	-10%	101,649	15͘.5%
Readymade Garments	194,817	233,780	-20%	2,706,867	14͘.3%
Art, Silk & Synthetic Textle	24,509	30,489	-24%	326,150	12͘.3%
Made-up recyles (exclude͘ Towels & Bed wear)	48,665	59,128	-22%	676,372	23͘.4%
Other Textile Materials	41,626	51,783	-24%	569,846	38͘.2%
Total Value- Added	851,475	1,021,770	-20%	11,106,473	24͘.6%
Total Textile	1,060,128	1,277,454	-20%	13,748,296	18͘.9%