GCC: Plaits And Basketwork Market 2025

Plaits And Basketwork Market Size in GCC

In 2022, after four years of growth, there was significant decline in the GCC plaits and basketwork market, when its value decreased by -33.5% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then dropped notably in the following year.

Plaits And Basketwork Production in GCC

In value terms, plaits and basketwork production reduced to $X in 2022 estimated in export price. In general, production, however, saw a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 767%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Plaits And Basketwork Exports

Exports in GCC

Plaits and basketwork exports surged to X tons in 2022, growing by 16% against the year before. Over the period under review, exports continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2017 when exports increased by 88%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plaits and basketwork exports soared to $X in 2022. In general, exports posted a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 83%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the main exporter of plaits, basketwork, wickerwork and similar products of plaiting materials, making up 72% of total exports. Saudi Arabia (X tons) ranks second in terms of the total exports with a 15% share, followed by Oman (10%).

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of plaits, basketwork, wickerwork and similar products of plaiting materials. At the same time, Saudi Arabia (+14.9%) and Oman (+12.7%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +14.9% from 2012-2022. From 2012 to 2022, the share of Saudi Arabia and Oman increased by +11 and +6.5 percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest plaits and basketwork supplier in GCC, comprising 83% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 9.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +7.5%. In the other countries, the average annual rates were as follows: Saudi Arabia (+12.9% per year) and Oman (+20.3% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, picking up by 13% against the previous year. Overall, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 36%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.6%), while the other leaders experienced mixed trends in the export price figures.

Plaits And Basketwork Imports

Imports in GCC

In 2022, supplies from abroad of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by -49% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, plaits and basketwork imports shrank significantly to $X in 2022. In general, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X tons, which recorded 62% of total imports. Oman (X tons) ranks second in terms of the total imports with a 23% share, followed by Kuwait (9%). Bahrain (X tons) and Qatar (X tons) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of plaits, basketwork, wickerwork and similar products of plaiting materials. At the same time, Kuwait (+10.5%) and Oman (+3.8%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +10.5% from 2012-2022. By contrast, Bahrain (-3.0%) and Qatar (-18.5%) illustrated a downward trend over the same period. The United Arab Emirates (+32 p.p.), Oman (+15 p.p.) and Kuwait (+7.3 p.p.) significantly strengthened its position in terms of the total imports, while Qatar saw its share reduced by -6.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported plaits, basketwork, wickerwork and similar products of plaiting materials in GCC, comprising 58% of total imports. The second position in the ranking was held by Kuwait ($X), with a 17% share of total imports. It was followed by Oman, with a 16% share.

In the United Arab Emirates, plaits and basketwork imports expanded at an average annual rate of +2.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kuwait (+13.1% per year) and Oman (+4.2% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, declining by -13.5% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plaits and basketwork import price increased by +27.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 47%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform