GCC: Silk Fabric Market 2025

Silk Fabric Market Size in GCC

The GCC silk fabric market surged to $X in 2021, jumping by 33% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +69.0% against 2016 indices. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Silk Fabric Production in GCC

In value terms, silk fabric production expanded rapidly to $X in 2021 estimated in export price. Overall, production posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 50%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Silk Fabric Exports

Exports in GCC

For the fourth year in a row, GCC recorded decline in overseas shipments of woven fabrics of silk or of silk waste, which decreased by -21.7% to X square meters in 2021. Overall, exports recorded a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 381%. Over the period under review, the exports attained the maximum at X square meters in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, silk fabric exports reduced remarkably to $X in 2021. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 75%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, recording X square meters, which was near 94% of total exports in 2021. The following exporters - Oman (X square meters) and Saudi Arabia (X square meters) - each accounted for a 5.7% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to silk fabric exports from the United Arab Emirates stood at -5.1%. Saudi Arabia experienced a relatively flat trend pattern. Oman (-7.3%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest silk fabric supplier in GCC, comprising 84% of total exports. The second position in the ranking was taken by Oman ($X), with a 2.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at -6.7%. In the other countries, the average annual rates were as follows: Oman (+0.9% per year) and Saudi Arabia (-2.2% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per square meter, rising by 3.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by 130%. Over the period under review, the export prices hit record highs at $X per square meter in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Oman ($X per square meter), while Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+8.9%), while the other leaders experienced a decline in the export price figures.

Silk Fabric Imports

Imports in GCC

After seven years of decline, purchases abroad of woven fabrics of silk or of silk waste increased by 117% to X square meters in 2021. Overall, imports, however, recorded a abrupt downturn. Over the period under review, imports hit record highs at X square meters in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, silk fabric imports skyrocketed to $X in 2021. In general, imports, however, recorded a abrupt shrinkage. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, amounting to X square meters, which was near 88% of total imports in 2021. It was distantly followed by Qatar (X square meters), creating a 6.3% share of total imports. The following importers - Oman (X square meters) and Kuwait (X square meters) - together made up 5.1% of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -4.9% from 2012 to 2021. At the same time, Qatar (+10.0%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +10.0% from 2012-2021. By contrast, Oman (-9.3%) and Kuwait (-12.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates and Qatar increased by +11 and +4.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported woven fabrics of silk or of silk waste in GCC, comprising 92% of total imports. The second position in the ranking was held by Qatar ($X), with a 4.3% share of total imports. It was followed by Oman, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates totaled -4.5%. In the other countries, the average annual rates were as follows: Qatar (+22.2% per year) and Oman (-8.6% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per square meter, with an increase of 34% against the previous year. Import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silk fabric import price increased by +49.5% against 2018 indices. The pace of growth was the most pronounced in 2014 when the import price increased by 35% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2015 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per square meter), while Kuwait ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform