The average unit price of Pakistan’s textile exports fell more than the decline in export volume

According to Pakistan’s “Daily Times” report, statistics from the Pakistan Textile Chamber of Commerce show that in the first nine months of this fiscal year (July 2008-March 2009), Pakistan’s textile exports totaled US$7.227 billion, which was the same as the same period of the previous fiscal year. of US$7.824 billion, a decrease of 7.63%. The average unit price of textile exports also fell, and the decline was greater than the decline in export volume. Exporters believe that the main reasons for the sharp decline in export unit prices are the decline in international cotton prices, the decline in the exchange rate of the rupee against the U.S. dollar, and the fact that exporters have lowered export prices to ensure export quantities.
Statistics show that the average export unit price of basically all textile products has fallen. Among them, the biggest declines were tent canvas, raw cotton, and towels, which fell by 12.77%, 11.84%, and 11.53% respectively; followed by bedding, cotton yarn, and knitwear, which fell respectively. 8.05%, 7.8%, 5.93%; rayon textiles and finished textile products (excluding towels and bedding) fell by 4.18% and 2.69% respectively.