Spinning Sector Overview

Quantity (MT) 60,000 50,000 40,000 30,000 20,000 10,000 • • SPINNING | YARN EXPORTS Pakistan's yarn exports have experienced decline in both quantitative and value terms in the last two financial years, mainly because of lower local cotton production and better local prices. Exports were of USD 985mln in FY20 (FY19: 1,125mln) 3,500 3,000 There has been a decline in the per unit price of yarn exported by ~5.5% p.a. since FY16. Quantity / Value 2,500 2,000 1,500 1,000 500 The cyclical nature of the demand can be observed with lower exports during winter months and peak exports taking place between March and August. 16 FY17 * Spinning | Monthly Yarn Exports FY18 Feb Mar Apr May June FY19 Jan Feb FY20 June 200 150 100 50 FY 16 Spinning | Yarn Exports FY17 Quantity (000 MT) Price (USD per MT) FY18 FY19 FY20 Value (Mln USD) Avg. Exchange Rate International Yarn Price Trend FY16 FY17 FY18 FY19 FY20 International Price (USD per 10lb) Avg. Exchange Rate Source: Pakistan Bureau of Statistics (PBS), SBP PACRA 180 160 140 120 100 8 3 ៖ ន ៖ ៖ ៖ ៖ ន 40 20 Price/Exchange Rate

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