Report Update Nov 1, 2024

Saudi Arabia - Festive or Carnival Articles - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Festive Articles Market 2024

Festive Articles Market Size in Saudi Arabia

In 2022, the Saudi festive articles market increased by 5.9% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption recorded mild growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Festive Articles Exports

Exports from Saudi Arabia

In 2022, shipments abroad of festive or carnival articles decreased by -23.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 2,964% against the previous year. The exports peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, festive articles exports shrank remarkably to $X in 2022. Overall, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 3,060% against the previous year. The exports peaked at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Bahrain (X tons) was the main destination for festive articles exports from Saudi Arabia, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain amounted to +111.7%.

In value terms, Bahrain ($X) also remains the key foreign market for festive or carnival articles exports from Saudi Arabia.

From 2012 to 2022, the average annual growth rate of value to Bahrain stood at +91.4%.

Export Prices by Country

In 2022, the average festive articles export price amounted to $X per ton, stabilizing at the previous year. In general, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2013 when the average export price increased by 46%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, 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 Bahrain.

From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to -9.6% per year.

Festive Articles Imports

Imports into Saudi Arabia

In 2022, after five years of growth, there was decline in purchases abroad of festive or carnival articles, when their volume decreased by -1.8% to X tons. Over the period under review, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 54%. Imports peaked at X tons in 2021, and then reduced modestly in the following year.

In value terms, festive articles imports shrank to $X in 2022. In general, imports, however, showed a noticeable increase. The growth pace was the most rapid in 2014 when imports increased by 83%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of festive articles to Saudi Arabia, with a 90% share of total imports. Moreover, festive articles imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.7%.

In value terms, China ($X) constituted the largest supplier of festive or carnival articles to Saudi Arabia, comprising 66% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.8%.

Import Prices by Country

The average festive articles import price stood at $X per ton in 2021, surging by 21% against the previous year. Over the period under review, the import price, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2014 an increase of 48% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for festive or carnival articles in the world?

The country with the largest volume of festive articles consumption was the United States, accounting for 39% of total volume. Moreover, festive articles consumption in the United States exceeded the figures recorded by the second-largest consumer, China, twofold. India ranked third in terms of total consumption with a 5.2% share.

What are the largest producers of festive or carnival articles in the world?

The country with the largest volume of festive articles production was China, comprising approx. 61% of total volume. Moreover, festive articles production in China exceeded the figures recorded by the second-largest producer, India, ninefold. The third position in this ranking was occupied by Indonesia, with a 3.3% share.

What are the leading suppliers of festive or carnival articles to Saudi Arabia?

In value terms, China constituted the largest supplier of festive articles to Saudi Arabia, comprising 75% of total imports. The second position in the ranking was occupied by the United States, with a 7.3% share of total imports.

What are the leading importers of festive or carnival articles from Saudi Arabia?

In value terms, China emerged as the key foreign market for festive articles exports from Saudi Arabia, comprising 25,366% of total exports. The second position in the ranking was occupied by the United Arab Emirates, with a 371% share of total exports.

What is the average export price for festive or carnival articles in Saudi Arabia?

In 2020, the average festive articles export price amounted to $6,210 per ton, rising by 96% against the previous year.

What is the average import price for festive or carnival articles in Saudi Arabia?

The average festive articles import price stood at $3,951 per ton in 2020, with a decrease of -15% against the previous year.

This report provides an in-depth analysis of the festive articles market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32995150 - Festive, carnival or other entertainment articles, n.e.c.

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023