Page 5 - TEXtalks November/December 2021

05

Pakistan's exports increasing; Punjab’s

cotton production increased by 40%;

Heimtextil 2022 delayed

On a month-on-month basis, exhibition. This year FESPA Global
Pakistan’s exports witnessed a Print Expo 2021 held from the 12th
positive growth of 17.04% during - 15th October 2021 at the RAI
November 2021 compared to the Exhibition Centre in Amsterdam.
exports of $2.464 billion recorded FESPA 2021 witnessed a massive
during October 2021. Overall, the turnaround of participants, and
exports showed a growth of 32.84% visitors came from more than 100
and reached $2.884 billion countries, emphasizing the
compared to $2.171 billion in Benelux region and Germany.
November 2020. On the other hand,
during the months under review, the The cotton production report is
imports increased by 69.17%, satisfactory this year. Overall, the
growing from $19.468 billion last cotton production has increased
year to $32.934 billion in across the country. However,
July-October (2021-22). The imports Punjab has seen 59% year-on-year
into the country increased from growth, though yield grew
$4.292 billion in November 2021 to incredibly in Bhakkar and Lodhran,
$7.847 billion in November 2020, which registered over 300%
showing a growth of 82.83%. year-on-year growth. Bhakkar had
Therefore, the trade deficit is produced only 3,700 bales last
increasing, which needs attention. year, and Lodhran only 19,700
Based on the data, the trade deficit bales. This year, the highest
during the period under review was number of bales in Punjab came
recorded at $20.590 billion, showing from Layyah, which produced
an increase of 111.74% over the 181,300 bales and recorded a
deficit of $9.724 billion recorded 163% year-on-year growth.
during July-October (2020-21). However, Pakistan Kissan Ittehad
(PKI) and Pakistan Cotton Ginners
The government is presenting a Association (PCGA) termed
mini-budget soon, which will Punjab's cotton production
increase the tax on a few import estimate of 5.168 million bales
items, resulting in reduced imports highly unrealistic considering the
to narrow the trade deficit. fresh cotton arrival trend.
However, it is before saying the
actual benefits could be achieved Heimtextil, scheduled to take place
or vice versa. The All Pakistan in the second week of January, is
Textile Mills Association (APTMA) canceled due to the worsening
has revealed that Pakistan's textile pandemic situation in Germany
products will increase by $6 billion over the past two weeks and the
this year. In the same vein, the associated restrictions. Messe
government has set a target of $20 Frankfurt is working with the
billion in textile exports. industry to determine whether and
in what form a new offering in the
FESPA Global Print Expo is summer of 2022 can be organized
Europe's most prominent to run parallel to the Techtextil and
international specialty print Texprocess trade fairs.

November/December 2021