GCC: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2025

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in GCC

The GCC knitted shawl and scarf market declined to $X in 2022, waning by -11% against the previous year. Over the period under review, consumption, however, showed a prominent increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in GCC

In value terms, knitted shawl and scarf production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 64% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports in GCC

In 2022, approx. X units of shawls, scarves and the like of knitted or crocheted textiles were exported in GCC; waning by -74.7% compared with the previous year's figure. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 661% against the previous year. As a result, the exports attained the peak of X units, and then reduced remarkably in the following year.

In value terms, knitted shawl and scarf exports contracted significantly to $X in 2022. Over the period under review, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 258% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the key exporter of shawls, scarves and the like of knitted or crocheted textiles in GCC, with the volume of exports amounting to X units, which was approx. 70% of total exports in 2022. Saudi Arabia (X units) held the second position in the ranking, distantly followed by Kuwait (X units). All these countries together took near 25% share of total exports. The following exporters - Oman (X units) and Bahrain (X units) - together made up 4.3% of total exports.

From 2012 to 2022, average annual rates of growth with regard to knitted shawl and scarf exports from the United Arab Emirates stood at -14.2%. At the same time, Bahrain (+36.0%), Oman (+24.7%) and Kuwait (+10.5%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +36.0% from 2012-2022. By contrast, Saudi Arabia (-12.4%) illustrated a downward trend over the same period. While the share of Kuwait (+7.1 p.p.), Oman (+2.6 p.p.) and Bahrain (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-12.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest knitted shawl and scarf supplier in GCC, comprising 79% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 7.9% share of total exports. It was followed by Kuwait, with a 7.8% share.

In the United Arab Emirates, knitted shawl and scarf exports decreased by an average annual rate of -6.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (-6.8% per year) and Kuwait (+18.2% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, with an increase of 154% against the previous year. In general, the export price recorded a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Oman ($X per unit), while Saudi Arabia ($X per unit) 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 (+8.7%), while the other leaders experienced more modest paces of growth.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports in GCC

Knitted shawl and scarf imports fell sharply to X units in 2022, reducing by -19.1% compared with 2021 figures. Over the period under review, imports, however, recorded a moderate expansion. The pace of growth was the most pronounced in 2021 when imports increased by 99%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, knitted shawl and scarf imports dropped sharply to $X in 2022. Overall, imports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2014 with an increase of 125%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, amounting to X units, which was approx. 92% of total imports in 2022. Kuwait (X units), Qatar (X units) and Oman (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +1.8% from 2012 to 2022. At the same time, Qatar (+40.4%) and Oman (+1.5%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +40.4% from 2012-2022. Kuwait experienced a relatively flat trend pattern. While the share of Qatar (+3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (-2.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported shawls, scarves and the like of knitted or crocheted textiles in GCC, comprising 79% of total imports. The second position in the ranking was taken by Qatar ($X), with a 6.6% share of total imports. It was followed by Kuwait, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at +2.7%. In the other countries, the average annual rates were as follows: Qatar (+27.5% per year) and Kuwait (-1.1% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, stabilizing at the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 35%. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Qatar ($X per unit), while Oman ($X per unit) 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 (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform