GCC: Knitted Ski-Suit Market 2024

Knitted Ski-Suit Market Size in GCC

The GCC knitted ski-suit market shrank to $X in 2022, declining by X% against the previous year. Over the period under review, consumption recorded a mild decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Knitted Ski-Suit Production in GCC

In value terms, knitted ski-suit production fell to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Knitted Ski-Suit Exports

Exports in GCC

In 2022, shipments abroad of ski-suits of knitted or crocheted textiles increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, knitted ski-suit exports soared to $X in 2022. Overall, exports saw pronounced growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from the United Arab Emirates (X units), together reaching X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the ski-suits of knitted or crocheted textiles exports, with a CAGR of X% from 2012 to 2022. While the share of the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest knitted ski-suit supplier in GCC.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Knitted Ski-Suit Imports

Imports in GCC

In 2022, imports of ski-suits of knitted or crocheted textiles in GCC soared to X units, jumping by X% on 2021. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, knitted ski-suit imports contracted to $X in 2022. Total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kuwait represented the major importing country with an import of around X units, which finished at X% of total imports. It was distantly followed by Qatar (X units), comprising a X% share of total imports. The United Arab Emirates (X units) followed a long way behind the leaders.

Kuwait was also the fastest-growing in terms of the ski-suits of knitted or crocheted textiles imports, with a CAGR of X% from 2012 to 2022. At the same time, Qatar (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Qatar and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Kuwait ($X) constitutes the largest market for imported ski-suits of knitted or crocheted textiles in GCC, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kuwait totaled X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price saw a abrupt contraction. The growth pace was the most rapid in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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