Price for Embroidery; in the Piece, in Strips or in Motifs in Saudi Arabia - 2022
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in Saudi Arabia (FOB) - 2022
- Exports of Embroidery; in the Piece, in Strips or in Motifs in Saudi Arabia
Price for Embroidery; in the Piece, in Strips or in Motifs in Saudi Arabia (FOB) - 2022
The average export price for embroidery; in the piece, in strips or in motifses stood at $147,418 per ton in 2021, reducing by -1.7% against the previous year. Overall, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 29%. The export price peaked at $194,877 per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($10,659 per ton), while the average price for exports to Bangladesh ($305 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Embroidery; in the Piece, in Strips or in Motifs in Saudi Arabia
Exports of embroidery; in the piece, in strips or in motifses from Saudi Arabia shrank significantly to 363 kg in 2022, declining by -95.1% on 2021. Overall, exports recorded a sharp slump. The growth pace was the most rapid in 2021 with an increase of 26%.
In value terms, exports of embroidery; in the piece, in strips or in motifses fell remarkably to $30K in 2022. Over the period under review, exports showed a significant curtailment. The growth pace was the most rapid in 2021 when exports increased by 24%.
| Export of Embroidery; in the Piece, in Strips or in Motifs in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Nigeria | N/A | N/A | 281 | 0% |
| Malaysia | N/A | 204 | 150 | -26.5% |
| Brunei Darussalam | N/A | N/A | 30.8 | 0% |
| Kuwait | N/A | N/A | 21.8 | 0% |
| Libya | 325 | N/A | 19.7 | -75.4% |
| Singapore | N/A | N/A | 11.3 | 0% |
| United States | 488 | N/A | 10.0 | -85.7% |
| Bangladesh | N/A | N/A | 4.2 | 0% |
| Belgium | 18.3 | 102 | N/A | 457.4% |
| Ireland | 120 | N/A | N/A | 0% |
| Indonesia | 298 | N/A | N/A | 0% |
| Italy | 167 | N/A | N/A | 0% |
| Others | 1,666 | 574 | 566 | -41.7% |
| Total | 3,082 | 881 | 1,095 | -40.4% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Saudi Arabia in 2022:
- Nigeria (26.3 tons)
- Malaysia (17.8 tons)
- Bangladesh (13.7 tons)
- Singapore (11.8 tons)
- Libya (11.6 tons)
- Kuwait (6.8 tons)
- Brunei Darussalam (3.9 tons)
- United States (3.3 tons)
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