United Arab Emirates: Woolen Fabric Market 2022

Woolen Fabric Market Size in the United Arab Emirates

The woolen fabric market in the United Arab Emirates soared to $X in 2021, jumping by 52% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Woolen Fabric Exports

Exports from the United Arab Emirates

In 2021, approx. X square meters of woven woolen fabrics were exported from the United Arab Emirates; growing by 107% compared with the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 127% against the previous year. Over the period under review, the exports attained the maximum at X square meters in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, woolen fabric exports skyrocketed to $X in 2021. Overall, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 57%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Togo (X square meters) was the main destination for woolen fabric exports from the United Arab Emirates, with a 421% share of total exports. Moreover, woolen fabric exports to Togo exceeded the volume sent to the second major destination, Jordan (X square meters), fourfold. Iraq (X square meters) ranked third in terms of total exports with an 89% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Togo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (0.0% per year) and Iraq (0.0% per year).

In value terms, Saudi Arabia ($X), Japan ($X) and Tajikistan ($X) appeared to be the largest markets for woolen fabric exported from the United Arab Emirates worldwide.

In terms of the main countries of destination, Japan, with a CAGR of +592.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average woolen fabric export price stood at $X per square meter in 2021, declining by -31.2% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 95% against the previous year. Over the period under review, the average export prices attained the maximum at $X per square meter in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Saudi Arabia ($X per square meter), while the average price for exports to Togo ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+124.9%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Fabric Imports

Imports into the United Arab Emirates

Woolen fabric imports into the United Arab Emirates surged to X square meters in 2021, with an increase of 82% compared with the previous year's figure. In general, imports, however, continue to indicate a deep reduction. Imports peaked at X square meters in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, woolen fabric imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt curtailment. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest woolen fabric supplier to the United Arab Emirates, accounting for a 28% share of total imports. Moreover, woolen fabric imports from China exceeded the figures recorded by the second-largest supplier, Italy (X square meters), twofold. Japan (X square meters) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.7% per year) and Japan (-6.1% per year).

In value terms, Italy ($X) constituted the largest supplier of woolen fabric to the United Arab Emirates, comprising 27% of total imports. The second position in the ranking was taken by China ($X), with a 9.7% share of total imports. It was followed by the UK, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.4% per year) and the UK (-14.5% per year).

Import Prices by Country

The average woolen fabric import price stood at $X per square meter in 2021, shrinking by -18.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 34% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per square meter), while the price for South Korea ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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