GCC: Textile Wall Covering Market 2024

Textile Wall Covering Market Size in GCC

In 2023, after four years of growth, there was significant decline in the GCC textile wall covering market, when its value decreased by X% to $X. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2022, and then contracted notably in the following year.

Textile Wall Covering Production in GCC

In value terms, textile wall covering production stood at $X in 2023 estimated in export price. Over the period under review, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2022, and then stood in the following year.

Textile Wall Covering Exports

Exports in GCC

In 2023, exports of textile wall coverings in GCC reduced sharply to X square meters, dropping by X% on 2022. Over the period under review, exports recorded a mild downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X square meters. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, textile wall covering exports declined rapidly to $X in 2023. In general, exports saw a slight slump. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from the United Arab Emirates (X square meters), together finishing at X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the textile wall coverings exports, with a CAGR of X% from 2012 to 2023. While the share of the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest textile wall covering supplier in GCC.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%.

Export Prices by Country

The export price in GCC stood at $X per square meter in 2023, falling by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. The level of export peaked at $X per square meter in 2022, and then contracted rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Textile Wall Covering Imports

Imports in GCC

In 2023, after four years of growth, there was significant decline in purchases abroad of textile wall coverings, when their volume decreased by X% to X square meters. Overall, imports, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X square meters in 2022, and then dropped markedly in the following year.

In value terms, textile wall covering imports declined markedly to $X in 2023. In general, imports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then shrank significantly in the following year.

Imports by Country

The United Arab Emirates was the major importing country with an import of about X square meters, which resulted at X% of total imports. It was distantly followed by Bahrain (X square meters), comprising a X% share of total imports. Kuwait (X square meters) and Qatar (X square meters) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to textile wall covering imports into the United Arab Emirates stood at X%. At the same time, Bahrain (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Bahrain and the United Arab Emirates 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 ($X) constitutes the largest market for imported textile wall coverings in GCC, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports. It was followed by Bahrain, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Bahrain (X% per year).

Import Prices by Country

The import price in GCC stood at $X per square meter in 2023, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per square meter in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Qatar ($X per square meter), while Bahrain ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform