Saudi Arabia: Market for Woven Pile Fabrics And Chenille Fabrics 2024

Market Size for Woven Pile Fabrics And Chenille Fabrics in Saudi Arabia

In 2021, after two years of growth, there was significant decline in the Saudi pile and chenille fabric market, when its value decreased by -11.7% to $X. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Woven Pile Fabrics And Chenille Fabrics in Saudi Arabia

In value terms, pile and chenille fabric production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 106% against the previous year. Pile and chenille fabric production peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Saudi Arabia

In 2021, approx. X tons of woven pile fabrics and chenille fabrics were exported from Saudi Arabia; growing by 67% compared with the year before. In general, exports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 82%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, pile and chenille fabric exports rose remarkably to $X in 2021. Over the period under review, exports saw a mild expansion. The pace of growth appeared the most rapid in 2020 with an increase of 248%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The Philippines (X tons) was the main destination for pile and chenille fabric exports from Saudi Arabia, accounting for a 42% share of total exports. Moreover, pile and chenille fabric exports to the Philippines exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by Kuwait (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the Philippines stood at +2,629.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+44.6% per year) and Kuwait (+8.1% per year).

In value terms, Kuwait ($X) remains the key foreign market for woven pile fabrics and chenille fabrics exports from Saudi Arabia, comprising 52% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 21% share of total exports. It was followed by Sudan, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Kuwait stood at +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+14.9% per year) and Sudan (+27.7% per year).

Export Prices by Country

In 2021, the average pile and chenille fabric export price amounted to $X per ton, dropping by -32.9% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pile and chenille fabric export price increased by +28.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 91% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Nigeria ($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 Sri Lanka (+41.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Saudi Arabia

In 2021, purchases abroad of woven pile fabrics and chenille fabrics decreased by -87.7% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports showed a sharp contraction. The pace of growth was the most pronounced in 2019 with an increase of 244%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, pile and chenille fabric imports reduced dramatically to $X in 2021. Over the period under review, imports recorded a sharp slump. The most prominent rate of growth was recorded in 2019 when imports increased by 1,538% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main pile and chenille fabric supplier to Saudi Arabia, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled -55.5%.

In value terms, China ($X) constituted the largest supplier of woven pile fabrics and chenille fabrics to Saudi Arabia.

From 2012 to 2021, the average annual growth rate of value from China stood at -50.7%.

Import Prices by Country

In 2021, the average pile and chenille fabric import price amounted to $X per ton, surging by 34% against the previous year. In general, the import price recorded a strong expansion. The pace of growth was the most pronounced in 2019 an increase of 377%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +10.9% per year.

Source: IndexBox Platform

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