GCC: Textile Wall Covering Market 2024

Textile Wall Covering Market Size in GCC

The GCC textile wall covering market reduced rapidly to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a deep reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Textile Wall Covering Production in GCC

In value terms, textile wall covering production shrank slightly to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Textile Wall Covering Exports

Exports in GCC

In 2022, approx. X square meters of textile wall coverings were exported in GCC; with an increase of X% against the year before. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X square meters. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, textile wall covering exports skyrocketed to $X in 2022. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, amounting to X square meters, which was approx. X% of total exports in 2022. Saudi Arabia (X square meters) took a little share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the textile wall coverings exports, with a CAGR of X% from 2012 to 2022. Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

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

In the United Arab Emirates, textile wall covering exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per square meter, falling by X% against the previous year. In general, the export price, however, enjoyed measured growth. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2016 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per square meter), while the United Arab Emirates totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Textile Wall Covering Imports

Imports in GCC

In 2022, the amount of textile wall coverings imported in GCC reduced rapidly to X square meters, falling by X% on 2021 figures. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at X square meters in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, textile wall covering imports reduced to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the major importing country with an import of around X square meters, which amounted to X% of total imports. Qatar (X square meters) took the second position in the ranking, followed by Bahrain (X square meters) and Kuwait (X square meters). All these countries together took approx. X% share of total imports. Oman (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to textile wall covering imports into the United Arab Emirates stood at X%. At the same time, Bahrain (X%), Oman (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bahrain, the United Arab Emirates, Qatar, Kuwait and Oman increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported textile wall coverings in GCC, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per square meter in 2022, growing by X% against the previous year. Over the period under review, the import price showed strong growth. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per square meter), while Bahrain ($X per square meter) 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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform