Saudi Arabia: Cushion Cover Market 2024

Cushion Cover Market Size in Saudi Arabia

In 2021, after four years of growth, there was significant decline in the Saudi cushion cover market, when its value decreased by -20% to $X. In general, consumption, however, enjoyed buoyant growth. Cushion cover consumption peaked at $X in 2020, and then shrank remarkably in the following year.

Cushion Cover Production in Saudi Arabia

In value terms, cushion cover production declined remarkably to $X in 2021 estimated in export price. In general, production, however, showed strong growth. The growth pace was the most rapid in 2015 when the production volume increased by 319%. Over the period under review, production attained the maximum level at $X in 2020, and then fell significantly in the following year.

Cushion Cover Exports

Exports from Saudi Arabia

In 2021, approx. X tons of furnishing articles for car seats were exported from Saudi Arabia; shrinking by -44.1% on 2020. In general, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2020 when exports increased by 383% against the previous year. As a result, the exports reached the peak of X tons, and then reduced dramatically in the following year.

In value terms, cushion cover exports contracted rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 307% against the previous year. As a result, the exports attained the peak of $X, and then reduced notably in the following year.

Exports by Country

Oman (X tons), Turkey (X tons) and the United States (X tons) were the main destinations of cushion cover exports from Saudi Arabia, together comprising 68% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +98.9%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the key foreign market for furnishing articles for car seats exports from Saudi Arabia, comprising 40% of total exports. The second position in the ranking was held by Kuwait ($X), with an 18% share of total exports. It was followed by Oman, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey amounted to +107.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+100.9% per year) and Oman (+75.5% per year).

Export Prices by Country

The average cushion cover export price stood at $X per ton in 2021, rising by 31% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 110% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+62.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cushion Cover Imports

Imports into Saudi Arabia

In 2021, after two years of decline, there was significant growth in purchases abroad of furnishing articles for car seats, when their volume increased by 12% to X tons. Overall, imports, however, faced a deep reduction. The growth pace was the most rapid in 2018 when imports increased by 157%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, cushion cover imports rose significantly to $X in 2021. In general, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 120%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of cushion cover imports to Saudi Arabia, with a combined 81% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +4.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, India ($X) constituted the largest supplier of furnishing articles for car seats to Saudi Arabia, comprising 41% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by China, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.8% per year) and China (-15.4% per year).

Import Prices by Country

The average cushion cover import price stood at $X per ton in 2021, shrinking by -3.9% against the previous year. In general, the import price, however, posted a strong expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 90%. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform