Data from the Pakistani Bureau of Statistics show that the export volume of Pakistan’s textile industry in August was US$1.007 billion. A year-on-year decrease of 15% and a month-on-month decrease of 21%. During the same period, data from my country’s General Administration of Customs showed that China’s exports of textile yarns, fabrics and products increased by 51.3% year-on-year in August 2020.
Polyester: Pakistani manufacturers place concentrated orders in “retaliation”, and shipping prices rise
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“The supply exceeds the demand, and everyone is rushing to export.” Shi Qiwen, a salesperson of Fujian Jinxing Group, explained to reporters: “The decline in export orders was serious in the first half of the year, and it is better to recover in the past two months. A little better than the same period last year. They (Pakistani manufacturers) may not have purchased for a long time, so they concentrated on placing orders.”
▲The picture shows Shi Qiwen, a salesperson of Fujian Jinxing Group, being interviewed by Economic Daily-China Economic Net Zhang Peng/photographed by Zhang Peng
Shi Qiwen said that exports to Pakistan are mainly based on Shipping is the main focus, and “retaliatory” centralized orders have also led to a shortage of flights and a sudden rise in shipping prices. “There are more containers going out from the country and fewer coming back from abroad. The cost of shipping companies has increased, which will also increase the sea freight. In addition, the approaching National Day holiday is also one of the reasons for the increase in freight.”
Cotton yarn: European orders from Pakistani factories have resumed, with strong demand for 40-count and 60-count yarns
▲The picture shows Huang Xifeng, sales director of the import and export department of Litai Lion (Taicang) Holdings Co., Ltd., being interviewed by reporters Economic Daily-China Economy Net Zhang Peng/Photo
Huang Xifeng, sales director of the import and export department of Litai Lion Dance (Taicang) Holdings Co., Ltd., said in an interview with reporters that the situation has improved after July . “At present, there are many orders from Europe such as Turkey to Pakistan, especially for home textiles and white fabrics, so Pakistan’s demand for cotton yarn is still quite large, especially for 40-count combed compact yarn and 60-count combed compact yarn. The volume is very large.”
As for the quantity of cotton yarn exported to Pakistan, Huang Xifeng said: “For example, our company exports 10-20 containers of 40-count yarn to Pakistan a month, and one container 20 tons. Because the yarn of 60 count is relatively fine, the production takes longer and the output is relatively low. It can produce 500 or 600 tons a month, and basically half of it is exported to Pakistan.”
The salesperson at the booth of China Resources Textile (Group) Co., Ltd. also said that the high-count yarn produced by the company is mainly exported to Pakistan. Starting from July, orders have increased. Containers are sent to Pakistan every month in August and September, with an average of 1-2 containers a day, and each container carries 20 tons of cargo.
Viscose staple fiber: It will improve from July to August and is expected to return to normal next year Horizontal
▲The picture shows Xu, Sales Department of Hengtian Hailong (Weifang) New Materials Co., Ltd. Leile was interviewed by Economic Daily – Photo by Li Fan of China Economic Network
“Terminal consumption in the European and American markets is not very strong, and purchases from Pakistan have also shrunk significantly. Although there have been constant quotations this year, the actual From January to August, the trade volume shrank by 70% to 80%. There were signs of improvement in July and August, but it is not expected to return to normal levels until next year.” Xu Leilei, Sales Department of Hengtian Hailong (Weifang) New Materials Co., Ltd., was interviewed by reporters Shi said.
Spandex: Export volume increased by 35% year-on-year from January to August, and Pakistani customers and orders continued to increase
“From January to August this year, (the company’s) export volume increased by about 35% compared to last year, and is on an upward trend.” Zhou Feiyan, marketing manager of Lianyungang Duzhong Xinaoshen Spandex Co., Ltd., told reporters that currently The company mainly exports spandex yarn to Turkey, Pakistan, Mexico, Bangladesh and other countries. In April and May this year, the impact was still relatively large. “But our downstream customers are also relatively loyal customers, so we can maintain such a sales volume.”
▲The picture shows Lianyungang Duzhong Xinaoshen Spandex Co., Ltd. marketing manager Zhou Feiyan (right) and export salesperson Mao Meng (left) being interviewed by reporters Economic Daily-China Economic Net Li Fan/Photographed
“About 20 tons are exported to Pakistan every month, and customers and export volume are increasing every month.” said Mao Meng, export salesperson of the marketing department of Lianyungang Duzhong Xinaoshen Spandex Co., Ltd.
Pakistan’s textile industry gradually recovers and demand for raw materials surges
As both major countries in the textile industry, it is particularly important for China and Pakistan to explore complementary relationships in the field of textile industry. According to a recent report by Pakistan’s Express Tribune, as the country’s largest export-earning sector, Pakistan’s textile industry has gradually returned to full production levels before the outbreak, and some foreign buyers have transferred textile orders to Pakistan.
Former Vice Chairman of All Pakistan Textile Mills Association (Apmta) Asif I.He believes that Pakistan’s textile industry as a whole is in a more advantageous position compared with regional competitors. Due to factors such as the Sino-US trade war and the economic shutdown caused by the worsening epidemic in India, global buyers have transferred orders to Pakistan. It is expected that as exporting countries and regions, including Europe and the United States, recover from the epidemic, the number of export orders received by Pakistan will continue to increase. Secondly, the government’s support measures in terms of energy price subsidies, ensuring the import of raw materials, and providing preferential financing for expanding production and new manufacturers have played an important role in the rapid recovery of the industry.
Pakistan currently faces the arduous task of ensuring a stable supply of raw materials. The latest data from the Pakistan Bureau of Statistics shows that Pakistan’s cotton imports surged by 255% from July to August this year, with imports in August reaching US$67.43 million, a year-on-year increase of nearly 1,000%.
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