Price for Knitted or Crocheted Pile Fabrics in Saudi Arabia - 2021
Contents:
- Price for Knitted or Crocheted Pile Fabrics in Saudi Arabia (CIF) - 2022
- Price for Knitted or Crocheted Pile Fabrics in Saudi Arabia (FOB) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in Saudi Arabia
- Exports of Knitted or Crocheted Pile Fabrics in Saudi Arabia
Price for Knitted or Crocheted Pile Fabrics in Saudi Arabia (CIF) - 2022
The average import price for knitted or crocheted pile fabricses stood at $2,060 per ton in 2022, dropping by -5% against the previous year. Over the period under review, the import price showed a slight descent. The pace of growth was the most pronounced in 2021 an increase of 18% against the previous year. The import price peaked at $3,178 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($6,929 per ton), while the price for China ($1,886 per ton) 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 (+26.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Knitted or Crocheted Pile Fabrics in Saudi Arabia (FOB) - 2022
The average export price for knitted or crocheted pile fabricses stood at $4,495 per ton in 2022, increasing by 2.6% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, knitted or crocheted pile fabrics export price decreased by -21.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 68%. The export price peaked at $5,751 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Lebanon.
From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to +72.7% per year.
Imports of Knitted or Crocheted Pile Fabrics in Saudi Arabia
In 2022, the amount of knitted or crocheted pile fabricses imported into Saudi Arabia reduced notably to 13K tons, shrinking by -25.5% compared with 2021 figures. Overall, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 104% against the previous year. As a result, imports attained the peak of 17K tons, and then contracted rapidly in the following year.
In value terms, knitted or crocheted pile fabrics imports fell notably to $27M in 2022. Over the period under review, imports, however, enjoyed a modest expansion. The pace of growth was the most pronounced in 2021 when imports increased by 140% against the previous year. As a result, imports reached the peak of $37M, and then declined markedly in the following year.
Import of Knitted or Crocheted Pile Fabrics in Saudi Arabia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 16.7 | 10.5 | 31.4 | 23.3 | 11.7% |
United Arab Emirates | N/A | N/A | N/A | 1.6 | 0% |
South Korea | 0.7 | 0.8 | 1.4 | 1.0 | 12.6% |
Syrian Arab Republic | N/A | N/A | 1.5 | N/A | 0% |
Egypt | 1.2 | N/A | N/A | N/A | 0% |
Turkey | 2.2 | N/A | N/A | N/A | 0% |
Others | 4.7 | 4.3 | 3.1 | 0.5 | -52.6% |
Total | 25.5 | 15.6 | 37.5 | 26.5 | 1.3% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to Saudi Arabia in 2022:
- China (12.4K tons)
- South Korea (0.3K tons)
- United Arab Emirates (0.2K tons)
Exports of Knitted or Crocheted Pile Fabrics in Saudi Arabia
Knitted or crocheted pile fabrics exports from Saudi Arabia declined remarkably to 179 tons in 2022, waning by -45.5% against the year before. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,011%. As a result, the exports reached the peak of 329 tons, and then fell significantly in the following year.
In value terms, knitted or crocheted pile fabrics exports dropped markedly to $805K in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 746%. As a result, the exports attained the peak of $1.4M, and then declined notably in the following year.
Export of Knitted or Crocheted Pile Fabrics in Saudi Arabia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lebanon | 13.9 | 31.6 | 70.3 | 805 | 286.9% |
Jordan | N/A | 136 | N/A | N/A | 0% |
Oman | N/A | N/A | 1,369 | N/A | 0% |
Pakistan | 198 | N/A | N/A | N/A | 0% |
Others | 0.3 | 2.1 | 0.4 | N/A | 15.5% |
Total | 212 | 170 | 1,440 | 805 | 56.0% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from Saudi Arabia in 2022:
- Lebanon (179.1 tons)
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