Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Saudi Arabia - 2022

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Saudi Arabia (FOB) - 2022
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Saudi Arabia (CIF) - 2022
3. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Saudi Arabia
4. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Saudi Arabia

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Saudi Arabia (FOB) - 2022

In 2021, the average export price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.3 per square meter, rising by 25% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $0.4 per square meter in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($0.8 per square meter), while the average price for exports to India ($0.3 per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+69.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Saudi Arabia (CIF) - 2022

The average import price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.1 per square meter in 2021, waning by -22.3% against the previous year. In general, the import price faced a dramatic decrease. The growth pace was the most rapid in 2020 a decrease of -9.7% against the previous year. The import price peaked at $1.1 per square meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Syrian Arab Republic ($0.4 per square meter), while the price for Egypt ($0.1 per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+87.6%), while the prices for the other major suppliers experienced a decline.

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Saudi Arabia

Exports of fabrics, woven; from strip or the like, of synthetic textile materialses from Saudi Arabia was estimated at 451M square meters in 2022, with an increase of 9.3% compared with the year before. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 65% against the previous year. Over the period under review, the exports of fabrics, woven; from strip or like, of synthetic textile materialses hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses skyrocketed to $175M in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 105% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Saudi Arabia in 2022:

1. United States (162.6M square meters)
2. Belgium (52.8M square meters)
3. Egypt (21.9M square meters)
4. Australia (18.9M square meters)
5. Turkey (17.8M square meters)
6. Netherlands (17.5M square meters)
7. India (15.7M square meters)
8. Russia (12.7M square meters)
9. United Arab Emirates (12.4M square meters)
10. Jordan (10.3M square meters)
11. Indonesia (7.7M square meters)
12. New Zealand (6.7M square meters)
13. United Kingdom (6.4M square meters)

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Saudi Arabia

In 2021, approx. 38M square meters of fabrics, woven; from strip or the like, of synthetic textile materialses were imported into Saudi Arabia; rising by 38% compared with the previous year. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 42%. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses totaled $4.5M in 2021. The total import value increased at an average annual rate of +17.3% from 2019 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 28%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Saudi Arabia in 2022:

1. Egypt (28.8M square meters)
2. China (5.5M square meters)
3. Jordan (1.8M square meters)
4. Syrian Arab Republic (1.2M square meters)

Source: IndexBox Market Intelligence Platform