GCC: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in GCC

The GCC man-made filament fabric market shrank dramatically to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a perceptible setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Man-Made Filament Fabric Production in GCC

In value terms, man-made filament fabric production stood at $X in 2022 estimated in export price. Overall, production, however, saw a slight descent. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Man-Made Filament Fabric Exports

Exports in GCC

In 2022, the amount of woven fabrics of man-made filaments and staple fibers exported in GCC fell significantly to X square meters, which is down by X% against the previous year's figure. Total exports indicated notable growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X square meters, and then dropped dramatically in the following year.

In value terms, man-made filament fabric exports reduced sharply to $X in 2022. Total exports indicated moderate 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia was the main exporting country with an export of around X square meters, which finished at X% of total exports. It was distantly followed by the United Arab Emirates (X square meters), making up a X% share of total exports. Oman (X square meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest man-made filament fabric supplying countries in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in GCC stood at $X per square meter in 2022, which is down by X% against the previous year. Over the period under review, the export price recorded a slight decline. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. As a result, the export price attained the peak level of $X per square meter. From 2017 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 Oman ($X per square meter), while Saudi Arabia ($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 the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Man-Made Filament Fabric Imports

Imports in GCC

In 2022, man-made filament fabric imports in GCC fell notably to X square meters, with a decrease of X% on 2021. Over the period under review, imports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X square meters, and then dropped notably in the following year.

In value terms, man-made filament fabric imports declined dramatically to $X in 2022. Overall, imports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, recording X square meters, which was approx. X% of total imports in 2022. Kuwait (X square meters) held the second position in the ranking, followed by Oman (X square meters). All these countries together took near X% share of total imports. Qatar (X square meters) followed a long way behind the leaders.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Qatar (X%), Oman (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kuwait and Oman increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported woven fabrics of man-made filaments and staple fibers in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, man-made filament fabric imports declined 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: Kuwait (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per square meter, picking up by X% against the previous year. In general, the import price, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per square meter in 2014; however, from 2015 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 ($X per square meter), while Oman ($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 Qatar (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :