Report Update Nov 1, 2024

Saudi Arabia - Wool - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Wool Market 2024

Wool Market Size in Saudi Arabia

The Saudi wool market shrank modestly to $X in 2022, remaining constant against the previous year. In general, consumption, however, saw a mild slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Wool Production in Saudi Arabia

In value terms, wool production dropped to $X in 2022 estimated in export price. Overall, production saw a pronounced decrease. The most prominent rate of growth was recorded in 2013 with an increase of 48% against the previous year. Wool production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Wool Exports

Exports from Saudi Arabia

Wool exports from Saudi Arabia shrank to X tons in 2022, which is down by -12.8% compared with the previous year. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 62% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, wool exports fell markedly to $X in 2022. In general, exports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2021 when exports increased by 78% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for wool exports from Saudi Arabia, accounting for a 86% share of total exports. Moreover, wool exports to India exceeded the volume sent to the second major destination, Lithuania (X tons), more than tenfold. The UK (X tons) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+64.5% per year) and the UK (+2.6% per year).

In value terms, India ($X) remains the key foreign market for wool exports from Saudi Arabia, comprising 79% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 6.1% share of total exports. It was followed by the UK, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+67.9% per year) and the UK (+4.3% per year).

Export Prices by Country

In 2022, the average wool export price amounted to $X per ton, reducing by -10.7% against the previous year. Overall, the export price recorded a noticeable decrease. The growth pace was the most rapid in 2021 an increase of 32%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Wool Imports

Imports into Saudi Arabia

In 2022, overseas purchases of wool decreased by -79.9% to X kg for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2021 when imports increased by 148%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, wool imports shrank rapidly to $X in 2022. Overall, imports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 18%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Egypt (X kg) was the main wool supplier to Saudi Arabia, accounting for a approx. 100% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of volume from Egypt was relatively modest.

In value terms, Egypt ($X) constituted the largest supplier of wool to Saudi Arabia.

From 2013 to 2022, the average annual rate of growth in terms of value from Egypt was relatively modest.

Import Prices by Country

In 2022, the average wool import price amounted to $X per ton, surging by 158% against the previous year. Overall, the import price recorded a significant expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 9,981% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Egypt.

From 2013 to 2022, the rate of growth in terms of prices for China amounted to +35.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wool in the world?

The countries with the highest volumes of wool consumption in 2020 were China, the United States and India, with a combined 35% share of global consumption. Russia, Brazil, the UK, Pakistan, Germany, Kazakhstan, Italy, Iran, Australia and Egypt lagged somewhat behind, together accounting for a further 28%.

What are the largest producers of wool in the world?

The countries with the highest volumes of wool production in 2020 were China, the United States and New Zealand, together accounting for 34% of global production. Russia, Brazil, the UK, Pakistan, Australia, Germany, Kazakhstan, Syrian Arab Republic, Turkey and Iran lagged somewhat behind, together comprising a further 30%.

What are the leading suppliers of wool to Saudi Arabia?

In value terms, France constituted the largest supplier of wool to Saudi Arabia.

What are the leading importers of wool from Saudi Arabia?

In value terms, India remains the key foreign market for wool exports from Saudi Arabia, comprising 73% of total exports. The second position in the ranking was occupied by Pakistan, with a 14% share of total exports. It was followed by Lithuania, with a 3.3% share.

What is the average export price for wool in Saudi Arabia?

In 2020, the average wool export price amounted to $744 per ton, approximately reflecting the previous year.

What is the average import price for wool in Saudi Arabia?

The average wool import price stood at $less than 0.1 per ton in 2020, stabilizing at the previous year.

This report provides an in-depth analysis of the wool 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 13102200 - Wool, degreased or carbonised, not carded or combed

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