Saudi Arabia: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Saudi Arabia

The Saudi market for coconut, abaca, ramie and other vegetable textile fibres soared to $X in 2022, picking up by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Saudi Arabia

In 2021, after two years of decline, there was significant decline in overseas shipments of coconut, abaca, ramie and other vegetable textile fibres, when their volume decreased by -17.2% to X tons. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 286%. The exports peaked at X tons in 2020, and then dropped sharply in the following year.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres declined to $X in 2021. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 460% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Saudi Arabia, with a approx. 100% share of total exports.

From 2017 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for coconut, abaca, ramie and other vegetable textile fibres exports from Saudi Arabia.

From 2017 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

The average export price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2021, surging by 8.2% against the previous year. In general, the export price, however, showed a significant curtailment. The pace of growth appeared the most rapid in 2018 an increase of 45% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2017 to 2021, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Saudi Arabia

In 2022, approx. X tons of coconut, abaca, ramie and other vegetable textile fibres were imported into Saudi Arabia; growing by 20% against the previous year's figure. Over the period under review, imports, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres skyrocketed to $X in 2022. In general, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Kenya (X tons) and Tanzania (X tons) were the main suppliers of imports of coconut, abaca, ramie and other vegetable textile fibres to Saudi Arabia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kenya (with a CAGR of +1.5%).

In value terms, the largest coconut, abaca, ramie and other vegetable textile fibre suppliers to Saudi Arabia were Kenya ($X) and Tanzania ($X).

In terms of the main suppliers, Kenya, with a CAGR of +5.0%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, standing approx. at the previous year. Overall, import price indicated a notable increase 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, import price for coconut, abaca, ramie and other vegetable textile fibres decreased by +0.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 44% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($X per ton), while the price for Kenya amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform