GCC: Linoleum Market 2024

Linoleum Market Size in GCC

The GCC linoleum market reduced to $X in 2021, dropping by -8.6% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible setback. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Linoleum Production in GCC

In value terms, linoleum production shrank to $X in 2021 estimated in export price. In general, production, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Linoleum Exports

Exports in GCC

In 2021, the amount of linoleum exported in GCC skyrocketed to X square meters, with an increase of 20% compared with 2020 figures. Overall, exports, however, faced a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 192%. The volume of export peaked at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, linoleum exports surged to $X in 2021. Over the period under review, exports, however, showed a significant curtailment. The pace of growth was the most pronounced in 2020 with an increase of 113% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the United Arab Emirates (X square meters) represented the largest exporter of linoleum, making up 79% of total exports. It was distantly followed by Oman (X square meters), generating a 19% share of total exports. Saudi Arabia (X square meters) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of +17.5% from 2012 to 2021. At the same time, Oman (+71.0%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +71.0% from 2012-2021. By contrast, Saudi Arabia (-48.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates and Oman increased by +77 and +19 percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest linoleum supplier in GCC, comprising 86% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at +8.6%. In the other countries, the average annual rates were as follows: Saudi Arabia (-39.3% per year) and Oman (+24.3% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per square meter, remaining constant against the previous year. In general, the export price, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2015 when the export price increased by 84%. As a result, the export price reached the peak level of $X per square meter. From 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per square meter), while Oman ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+18.3%), while the other leaders experienced a decline in the export price figures.

Linoleum Imports

Imports in GCC

In 2021, supplies from abroad of linoleum increased by 21% to X square meters, rising for the second year in a row after two years of decline. Over the period under review, imports posted a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by 109%. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, linoleum imports expanded sharply to $X in 2021. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 50% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X square meters) was the key importer of linoleum, achieving 69% of total imports. Bahrain (X square meters) held the second position in the ranking, followed by Kuwait (X square meters). All these countries together held approx. 31% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to linoleum imports into the United Arab Emirates stood at +21.1%. At the same time, Bahrain (+32.5%) and Kuwait (+5.9%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +32.5% from 2012-2021. From 2012 to 2021, the share of the United Arab Emirates and Bahrain increased by +16 and +10 percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported linoleum in GCC, comprising 58% of total imports. The second position in the ranking was held by Bahrain ($X), with a 19% share of total imports.

In the United Arab Emirates, linoleum imports increased at an average annual rate of +9.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (+30.2% per year) and Kuwait (+3.7% per year).

Import Prices by Country

The import price in GCC stood at $X per square meter in 2021, dropping by -11.8% against the previous year. Overall, the import price faced a sharp setback. The pace of growth appeared the most rapid in 2018 an increase of 31% against the previous year. Over the period under review, import prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Bahrain ($X per square meter), while the United Arab Emirates ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (-1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform