GCC: Net Fabric Market 2024

Net Fabric Market Size in GCC

In 2022, the GCC net fabric market decreased by X% to $X, falling for the second year in a row after two years of growth. The total consumption indicated a tangible expansion 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Net Fabric Production in GCC

In value terms, net fabric production totaled $X in 2022 estimated in export price. Overall, production posted a significant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Net Fabric Exports

Exports in GCC

In 2022, shipments abroad of tulles and other net fabrics was finally on the rise to reach X tons after two years of decline. Over the period under review, exports saw a tangible expansion. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, net fabric exports skyrocketed to $X in 2022. In general, exports showed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), achieving a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the tulles and other net fabrics exports, with a CAGR of X% from 2012 to 2022. Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

In value terms, the United Arab Emirates ($X) remains the largest net fabric supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price showed a perceptible expansion. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Net Fabric Imports

Imports in GCC

In 2022, the amount of tulles and other net fabrics imported in GCC fell notably to X tons, which is down by X% on the year before. Over the period under review, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, net fabric imports declined sharply to $X in 2022. Overall, imports recorded a deep slump. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the largest importer of tulles and other net fabrics in GCC, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Oman (X tons) ranks second in terms of the total imports with a X% share, followed by Qatar (X%). Kuwait (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to net fabric imports into the United Arab Emirates stood at X%. At the same time, Oman (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Kuwait (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Oman (X p.p.), Qatar (X p.p.) and Kuwait (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 ($X) constitutes the largest market for imported tulles and other net fabrics in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, net fabric imports plunged by an average annual rate of X% over the period from 2012-2022. 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 2022, the import price in GCC amounted to $X per ton, surging by X% against the previous year. Import price indicated notable growth from 2012 to 2022: its price 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, net fabric import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 an increase of X%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, 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 ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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