Saudi Arabia: Woolen Yarn Market 2025

Woolen Yarn Market Size in Saudi Arabia

The Saudi woolen yarn market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, showed a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Woolen Yarn Production in Saudi Arabia

In value terms, woolen yarn production soared to $X in 2021 estimated in export price. In general, production, however, saw a slight downturn. The growth pace was the most rapid in 2015 with an increase of 26%. Woolen yarn production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Woolen Yarn Exports

Exports from Saudi Arabia

In 2021, after four years of decline, there was significant growth in shipments abroad of yarn of wool, when their volume increased by 186% to X tons. Over the period under review, exports, however, faced a abrupt setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, woolen yarn exports soared to $X in 2021. Overall, exports, however, faced a deep setback. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Syrian Arab Republic (X tons) was the main destination for woolen yarn exports from Saudi Arabia, with a 87% share of total exports. Moreover, woolen yarn exports to Syrian Arab Republic exceeded the volume sent to the second major destination, Turkey (X kg), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Syrian Arab Republic totaled +30.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-32.8% per year) and Jordan (-47.4% per year).

In value terms, Turkey ($X), Syrian Arab Republic ($X) and Jordan ($X) appeared to be the largest markets for woolen yarn exported from Saudi Arabia worldwide, with a combined 98% share of total exports.

Among the main countries of destination, Syrian Arab Republic, with a CAGR of +17.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average woolen yarn export price amounted to $X per ton, waning by -32.7% against the previous year. Over the period under review, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 58% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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 Turkey ($X per ton), while the average price for exports to Syrian Arab Republic ($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 Turkey (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Yarn Imports

Imports into Saudi Arabia

Woolen yarn imports into Saudi Arabia surged to X tons in 2021, picking up by 90% against the previous year. Over the period under review, imports, however, continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 290%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, woolen yarn imports surged to $X in 2021. In general, imports, however, continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 154% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Africa (X tons) was the main woolen yarn supplier to Saudi Arabia, with a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Africa amounted to +23.5%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from South Africa totaled +25.1%.

Import Prices by Country

In 2021, the average woolen yarn import price amounted to $X per ton, dropping by -3.6% against the previous year. Overall, the import price, however, recorded a significant increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 220%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then reduced slightly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +63.1% per year.

Source: IndexBox Platform

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