GCC: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in GCC

The GCC quilted textile products market rose sharply to $X in 2021, picking up by 5.8% against the previous year. Overall, consumption enjoyed a resilient increase. The level of consumption peaked in 2021 and is likely to see gradual growth in years to come.

Quilted Textile Products Production in GCC

In value terms, quilted textile products production totaled $X in 2021 estimated in export price. In general, production enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 104% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Quilted Textile Products Exports

Exports in GCC

In 2021, shipments abroad of quilted textile products in the piece (excluding embroidery) decreased by -52.8% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 46%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, quilted textile products exports dropped remarkably to $X in 2021. In general, exports recorded a dramatic curtailment. The growth pace was the most rapid in 2018 when exports increased by 20% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X tons, which was near 96% of total exports in 2021. Kuwait (X kg) held a minor share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -35.1% from 2012 to 2021. At the same time, Kuwait (+3.3%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +3.3% from 2012-2021. Kuwait (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -3.2% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest quilted textile products supplier in GCC, comprising 97% of total exports. The second position in the ranking was held by Kuwait ($X), with a 1% share of total exports.

In the United Arab Emirates, quilted textile products exports plunged by an average annual rate of -35.7% over the period from 2012-2021.

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, surging by 27% against the previous year. Overall, the export price, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 58%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.9%).

Quilted Textile Products Imports

Imports in GCC

In 2021, the amount of quilted textile products in the piece (excluding embroidery) imported in GCC surged to X tons, rising by 228% compared with the previous year. Over the period under review, imports, however, showed a noticeable decline. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, quilted textile products imports skyrocketed to $X in 2021. In general, imports, however, saw a noticeable decline. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, recording X tons, which was approx. 88% of total imports in 2021. It was distantly followed by Bahrain (X tons), achieving a 6.2% share of total imports. The following importers - Qatar (X tons) and Kuwait (X tons) - together made up 4.8% of total imports.

From 2012 to 2021, average annual rates of growth with regard to quilted textile products imports into the United Arab Emirates stood at +4.3%. At the same time, Bahrain (+20.8%) and Qatar (+15.1%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +20.8% from 2012-2021. By contrast, Kuwait (-21.4%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+49 p.p.), Bahrain (+5.5 p.p.) and Qatar (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kuwait (-9.3 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported quilted textile products in the piece (excluding embroidery) in GCC, comprising 90% of total imports. The second position in the ranking was taken by Qatar ($X), with a 5.5% share of total imports. It was followed by Bahrain, with a 2.2% share.

In the United Arab Emirates, quilted textile products imports expanded at an average annual rate of +5.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (+7.8% per year) and Bahrain (+12.9% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, jumping by 39% against the previous year. Import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, quilted textile products import price increased by +70.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by 49%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :