Pakistan's textile situation is sluggish

According to a report from Foreign Power on November 22, the latest statistics from Pakistan Statistics Bureau show that in October, the country’s cotton yarn export volume was only 40,000 tons, a decrease of 26.1% year-on-year, which is the 17th time in the past 21 months, which is lower than the level of the same period last year. The lowest record for the same period in the past 12 years. As of this month, the cumulative export volume of cotton yarn in Pakistan this year was about 370,000 tons, a decrease of 14.3% year-on-year, and Tongchuang had the lowest level in nearly 12 years. In addition, the country's textile exports in October was only 1.02 billion U.S. dollars, a year-on-year decrease of 13.5%, the first time in the past two years since the same period last year, the second lowest level in nearly a year. Among them, the export volume of the “other textile materials” category only increased year-on-year, while the exports of all other categories including “cotton fabrics” were lower than the same period of last year.

In fact, relative to last year, the prices of cotton and yarns have fallen sharply recently and have remained at a relatively stable level. In addition, the Pakistani rupee has weakened against the US dollar, so the recent poor export situation is still attributable to Demand at the textile supply side of the country and even the world is weak. In addition, the “increasing weather and weather shortages” have caused the situation in the textile industry to deteriorate. (Over the years, the trend of the country's textile export volume has been consistent with the trend of natural gas supply.)

Sources said that the recent supply of natural gas in Pakistan's textile industry has been reduced to 3 days per week, which has caused many textile mills to fail to deliver orders as scheduled. In response, former Pakistani Textile Mill Association’s former Gohar Ejaz laments: “The shortage of natural gas is causing Pakistan’s textile industry to become less competitive in the international market.” In addition, the country’s oil minister Asim Hussain recently promised to ensure a week of textile industry this winter. At least 4 days of natural gas supply. People in the industry believe that whether or not the promise can be fulfilled requires wait-and-see. If the textile industry in the late period continues to be weak, the cotton yarn export volume in Pakistan this year is likely to be less than 450,000 tons, or the lowest record in 12 years.