GCC: Textile Wall Covering Market 2024

Textile Wall Covering Market Size in GCC

In 2023, the GCC textile wall covering market decreased by X% to $X for the first time since 2018, thus ending a four-year rising trend. In general, consumption, however, showed a notable expansion. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Textile Wall Covering Production in GCC

In value terms, textile wall covering production totaled $X in 2023 estimated in export price. Over the period under review, production recorded buoyant growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

Textile Wall Covering Exports

Exports in GCC

In 2023, approx. X square meters of textile wall coverings were exported in GCC; falling by X% compared with the year before. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X square meters in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, textile wall covering exports fell notably to $X in 2023. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of textile wall coverings, namely the United Arab Emirates, represented more than two-thirds of total export.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of textile wall coverings. 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 wall covering supplier in GCC.

In the United Arab Emirates, textile wall covering exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in GCC stood at $X per square meter in 2023, falling by X% against the previous year. In general, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per square meter in 2022, and then contracted dramatically 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 Wall Covering Imports

Imports in GCC

In 2023, overseas purchases of textile wall coverings decreased by X% to X square meters for the first time since 2018, thus ending a four-year rising trend. Overall, imports, however, posted a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X square meters in 2022, and then contracted rapidly in the following year.

In value terms, textile wall covering imports dropped markedly to $X in 2023. In general, imports, however, continue to indicate a perceptible increase. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped remarkably in the following year.

Imports by Country

The United Arab Emirates dominates imports structure, amounting to X square meters, which was near X% of total imports in 2023. Kuwait (X square meters) and Qatar (X square meters) held a minor share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Qatar (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Qatar (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported textile wall coverings in GCC, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports.

In the United Arab Emirates, textile wall covering imports expanded at 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: Qatar (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per square meter, growing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The level of import peaked at $X per square meter in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Qatar ($X per square meter), while the United Arab Emirates ($X per square meter) 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 mixed trends in the import price figures.

Source: IndexBox Platform