GCC: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in GCC

The GCC market for other synthetic tow and staple not carded, combed or otherwise processed for spinning contracted slightly to $X in 2021, shrinking by -3.6% against the previous year. Over the period under review, consumption, however, recorded a resilient increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in GCC

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning dropped to $X in 2021 estimated in export price. Overall, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 68%. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports in GCC

In 2021, after three years of decline, there was significant growth in shipments abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning, when their volume increased by 37% to X tons. Overall, exports, however, faced a deep reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 120%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded notably to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 202% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia was the major exporter of other synthetic tow and staple not carded, combed or otherwise processed for spinning in GCC, with the volume of exports resulting at X tons, which was approx. 70% of total exports in 2021. The United Arab Emirates (X tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (15%).

Exports from Saudi Arabia decreased at an average annual rate of -8.7% from 2012 to 2021. At the same time, Kuwait (+19.5%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +19.5% from 2012-2021. By contrast, the United Arab Emirates (-20.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kuwait and Saudi Arabia increased by +14 and +13 percentage points, respectively.

In value terms, Kuwait ($X) remains the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in GCC, comprising 66% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 26% share of total exports.

In Kuwait, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded at an average annual rate of +51.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-10.1% per year) and the United Arab Emirates (-29.5% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, waning by -19.6% against the previous year. In general, the export price, however, enjoyed a perceptible expansion. The growth pace was the most rapid in 2018 when the export price increased by 54%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020, and then reduced sharply in the following year.

Prices varied noticeably country of origin: the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+26.8%), while the other leaders experienced a decline in the export price figures.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports in GCC

In 2021, supplies from abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 33% to X tons, rising for the third year in a row after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 190%. Over the period under review, imports of hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 612%. Over the period under review, imports of attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the key importer of other synthetic tow and staple not carded, combed or otherwise processed for spinning in GCC, with the volume of imports resulting at X tons, which was near 65% of total imports in 2021. It was distantly followed by Qatar (X tons), constituting a 30% share of total imports. The following importers - Kuwait (X tons) and Bahrain (X tons) - together made up 4.6% of total imports.

From 2012 to 2021, average annual rates of growth with regard to other synthetic tow and staple not carded, combed or otherwise processed for spinning imports into the United Arab Emirates stood at -3.2%. At the same time, Qatar (+34.5%) and Kuwait (+2.8%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +34.5% from 2012-2021. By contrast, Bahrain (-8.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Qatar increased by +30 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported other synthetic tow and staple not carded, combed or otherwise processed for spinning in GCC, comprising 83% of total imports. The second position in the ranking was taken by Qatar ($X), with a 12% share of total imports. It was followed by Kuwait, with a 4.3% share.

In the United Arab Emirates, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning increased at an average annual rate of +2.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (+24.9% per year) and Kuwait (+2.1% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, rising by 17% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 203%. Over the period under review, import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kuwait ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform