GCC: Textile Tubing Market 2024

Textile Tubing Market Size in GCC

The GCC textile tubing market shrank remarkably to $X in 2023, waning by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then reduced notably in the following year.

Textile Tubing Production in GCC

In value terms, textile tubing production declined modestly to $X in 2023 estimated in export price. Overall, production, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Textile Tubing Exports

Exports in GCC

After two years of decline, shipments abroad of textile hosepiping and similar textile tubing increased by X% to X tons in 2023. Overall, exports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, textile tubing exports surged to $X in 2023. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of textile hosepiping and similar textile tubing, namely the United Arab Emirates, represented more than two-thirds of total export.

The United Arab Emirates was also the fastest-growing in terms of the textile hosepiping and similar textile tubing exports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while 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 textile tubing supplier in GCC.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2023, shrinking by X% against the previous year. Export price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, textile tubing export price increased by X% against 2021 indices. The growth pace was the most rapid in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then declined sharply in the following year.

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

From 2012 to 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Textile Tubing Imports

Imports in GCC

In 2023, textile tubing imports in GCC declined to X tons, with a decrease of X% against 2022. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, textile tubing imports reached $X in 2023. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates dominates imports structure, reaching X tons, which was near X% of total imports in 2023. Kuwait (X tons), Oman (X tons), Bahrain (X tons) and Qatar (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Bahrain (X%) and Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates, Kuwait, Oman and Bahrain increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported textile hosepiping and similar textile tubing in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, textile tubing imports shrank by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per ton, with an increase of X% against the previous year. Import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, textile tubing import price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform