Saudi Arabia: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Saudi Arabia

The Saudi man-made filament fabric market fell to $X in 2021, reducing by -9.3% against the previous year. Overall, consumption showed a perceptible descent. Man-made filament fabric consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Man-Made Filament Fabric Production in Saudi Arabia

In value terms, man-made filament fabric production fell slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a slight slump. The growth pace was the most rapid in 2015 when the production volume increased by 6.1% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Man-Made Filament Fabric Exports

Exports from Saudi Arabia

Man-made filament fabric exports from Saudi Arabia skyrocketed to X tons in 2021, increasing by 63% against the year before. In general, exports posted prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 134% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, man-made filament fabric exports soared to $X in 2021. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 116% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

Oman (X tons) was the main destination for man-made filament fabric exports from Saudi Arabia, accounting for a 63% share of total exports. It was followed by Jordan (X tons), with a 1.2% share of total exports. The third position in this ranking was held by the United Arab Emirates (X tons), with a 0.8% share.

From 2012 to 2021, the average annual growth rate of volume to Oman totaled +95.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+21.9% per year) and the United Arab Emirates (-1.6% per year).

In value terms, Oman ($X) emerged as the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Saudi Arabia, comprising 48% of total exports. The second position in the ranking was taken by Jordan ($X), with a 0.7% share of total exports. It was followed by the United Arab Emirates, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value to Oman totaled +98.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+15.4% per year) and the United Arab Emirates (-5.4% per year).

Export Prices by Country

In 2021, the average man-made filament fabric export price amounted to $X per ton, increasing by 26% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the United Arab Emirates ($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 Belgium (+71.5%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Fabric Imports

Imports into Saudi Arabia

In 2021, approx. less than X kg of woven fabrics of man-made filaments and staple fibers were imported into Saudi Arabia; stabilizing at the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern.

In value terms, man-made filament fabric imports expanded to $X in 2021. In general, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 50% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Oman (X tons), China (X tons) and India (X tons) were the main suppliers of man-made filament fabric imports to Saudi Arabia, together accounting for 60% of total imports. Moreover, man-made filament fabric imports in Oman exceeded the figures recorded by the second-largest supplier, China, threefold.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +171.2%), while purchases for the other leaders experienced a decline.

In value terms, Oman ($X) constituted the largest supplier of woven fabrics of man-made filaments and staple fibers to Saudi Arabia, comprising 86% of total imports. The second position in the ranking was held by China ($X), with a 32% share of total imports. It was followed by India, with a 4% share.

From 2012 to 2021, the average annual growth rate of value from Oman stood at +137.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.1% per year) and India (-14.8% per year).

Import Prices by Country

In 2021, the average man-made filament fabric import price amounted to less than $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price recorded a relatively flat trend pattern.

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 India ($X per ton), while the price for Oman ($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 (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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