GCC: Woven Carpet Market 2024

Woven Carpet Market Size in GCC

The GCC woven carpet market dropped rapidly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption saw a mild slump. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Woven Carpet Production in GCC

In value terms, woven carpet production totaled $X in 2022 estimated in export price. Overall, production recorded a sharp reduction. The most prominent rate of growth was recorded in 2015 with an increase of X,300%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Woven Carpet Exports

Exports in GCC

In 2022, shipments abroad of woven carpets and other woven textile coverings increased by X% to X square meters, rising for the third year in a row after two years of decline. In general, exports, however, saw a relatively flat trend pattern. The volume of export peaked at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, woven carpet exports soared to $X in 2022. Overall, exports, however, continue to indicate a pronounced decline. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the main exporter of woven carpets and other woven textile coverings in GCC, with the volume of exports amounting to X square meters, which was near X% of total exports in 2022. It was distantly followed by Saudi Arabia (X square meters), achieving a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the woven carpets and other woven textile coverings exports, with a CAGR of X% from 2012 to 2022. Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics.

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

In the United Arab Emirates, woven carpet exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per square meter, waning by X% against the previous year. Overall, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per square meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per square meter), while the United Arab Emirates stood at $X per square meter.

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

Woven Carpet Imports

Imports in GCC

Woven carpet imports fell dramatically to X square meters in 2022, which is down by X% compared with the year before. In general, imports continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The volume of import peaked at X square meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, woven carpet imports shrank to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X square meters) represented the largest importer of woven carpets and other woven textile coverings, generating X% of total imports. The United Arab Emirates (X square meters) took the second position in the ranking, followed by Kuwait (X square meters). All these countries together took approx. X% share of total imports. Oman (X square meters), Qatar (X square meters) and Bahrain (X square meters) followed a long way behind the leaders.

Imports into Saudi Arabia decreased at an average annual rate of X% from 2012 to 2022. 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 2012-2022. By contrast, Bahrain (X%), the United Arab Emirates (X%) and Qatar (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Qatar, Oman and Bahrain lagged somewhat behind, together comprising a further X%.

Oman, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per square meter, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per square meter), while Kuwait ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :