GCC: Textile Tubing Market 2024

Textile Tubing Market Size in GCC

The GCC textile tubing market declined to $X in 2022, falling by -9.2% against the previous year. Overall, consumption recorded a slight increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Textile Tubing Production in GCC

In value terms, textile tubing production totaled $X in 2022 estimated in export price. In general, production, however, recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 337% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Textile Tubing Exports

Exports in GCC

In 2022, approx. X tons of textile hosepiping and similar textile tubing were exported in GCC; surging by 36% against 2021 figures. Over the period under review, exports recorded strong growth. The growth pace was the most rapid in 2014 when exports increased by 97%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, textile tubing exports rose sharply to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -19.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 55%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X tons, which was approx. 98% of total exports in 2022. Oman (X tons) held a relatively small share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +6.1% from 2012 to 2022. At the same time, Oman (+67.0%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +67.0% from 2012-2022. While the share of the United Arab Emirates (+5.8 p.p.) and Oman (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest textile tubing supplier in GCC, comprising 97% of total exports. The second position in the ranking was taken by Oman ($X), with a 2.3% share of total exports.

In the United Arab Emirates, textile tubing exports expanded at an average annual rate of +10.0% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, reducing by -15.4% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, textile tubing export price increased by +15.1% against 2018 indices. The growth pace was the most rapid in 2015 when the export price increased by 53% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then shrank sharply in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.6%).

Textile Tubing Imports

Imports in GCC

After two years of decline, supplies from abroad of textile hosepiping and similar textile tubing increased by 17% to X tons in 2022. In general, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 17% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, textile tubing imports stood at $X in 2022. Overall, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2019 with an increase of 31% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates dominates imports structure, amounting to X tons, which was near 83% of total imports in 2022. Oman (X tons) held a 6.1% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (5.6%). Qatar (X tons) and Bahrain (X tons) took a minor share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -8.8% from 2012 to 2022. At the same time, Oman (+11.3%) and Kuwait (+5.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +11.3% from 2012-2022. By contrast, Bahrain (-5.4%) and Qatar (-10.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Oman and Kuwait increased by +17, +5.4 and +4.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported textile hosepiping and similar textile tubing in GCC, comprising 76% of total imports. The second position in the ranking was held by Kuwait ($X), with an 8.9% share of total imports. It was followed by Oman, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at -4.4%. In the other countries, the average annual rates were as follows: Kuwait (+10.9% per year) and Oman (+11.6% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, shrinking by -11.9% against the previous year. Import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, textile tubing import price increased by +11.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 29%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Qatar (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform