Pakistan: Hand-Woven Tapestry Market 2024

Hand-Woven Tapestry Market Size in Pakistan

After four years of decline, the Pakistani hand-woven tapestry market decreased by X% to $X in 2022. In general, consumption, however, recorded a relatively flat trend pattern. Hand-woven tapestry consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Hand-Woven Tapestry Production in Pakistan

In value terms, hand-woven tapestry production stood at $X in 2022 estimated in export price. Overall, production continues to indicate buoyant growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Hand-Woven Tapestry Exports

Exports from Pakistan

In 2022, after three years of decline, there was significant decline in overseas shipments of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais, when their volume decreased by X% to X square meters. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X square meters. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, hand-woven tapestry exports dropped sharply to $X in 2022. Over the period under review, exports continue to indicate a precipitous descent. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X square meters) was the main destination for hand-woven tapestry exports from Pakistan, accounting for a X% share of total exports. Moreover, hand-woven tapestry exports to Malaysia exceeded the volume sent to the second major destination, Canada (X square meters), sixfold. The United Arab Emirates (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the United Arab Emirates (X% per year).

In value terms, Malaysia ($X), Canada ($X) and the United States ($X) appeared to be the largest markets for hand-woven tapestry exported from Pakistan worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average hand-woven tapestry export price stood at $X per square meter in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a abrupt slump. The growth pace was the most rapid in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per square meter. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced a decline.

Hand-Woven Tapestry Imports

Imports into Pakistan

In 2022, approx. X square meters of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais were imported into Pakistan; remaining constant against 2021. Overall, imports showed a dramatic descent. The smallest decline of X% was in 2020. Over the period under review, imports reached the peak figure at X square meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hand-woven tapestry imports amounted to $X in 2022. Over the period under review, imports showed a precipitous descent. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X square meters) constituted the largest hand-woven tapestry supplier to Pakistan, accounting for a X% share of total imports. Moreover, hand-woven tapestry imports from Thailand exceeded the figures recorded by the second-largest supplier, India (X square meters), threefold. The third position in this ranking was held by the United Arab Emirates (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the United Arab Emirates (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais to Pakistan, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average hand-woven tapestry import price amounted to $X per square meter, standing approx. at the previous year. Over the period under review, the import price recorded a mild decline. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per square meter), while the price for France ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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