Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Saudi Arabia - 2022
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Saudi Arabia (FOB) - 2022
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Saudi Arabia
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Saudi Arabia (FOB) - 2022
The average export price for articles of apparel and clothing accessories, of leather or of composition leather stood at $8.8 per unit in 2022, waning by -50.5% against the previous year. Overall, the export price recorded a noticeable downturn. The growth pace was the most rapid in 2014 when the average export price increased by 35%. Over the period under review, the average export prices attained the peak figure at $18 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($49 per unit), while the average price for exports to Malaysia ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+190.7%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Saudi Arabia
In 2022, approx. 76K units of articles of apparel and clothing accessories, of leather or of composition leather were exported from Saudi Arabia; growing by 312% on the previous year. Overall, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather skyrocketed to $664K in 2022. In general, exports, however, continue to indicate a perceptible descent. Over the period under review, the exports of attained the peak figure at $1M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Saudi Arabia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Spain | 5.0 | 4.6 | 112 | 373.3% | |
Netherlands | N/A | 22.4 | 95.0 | 324.1% | |
Italy | 10.4 | N/A | 48.6 | 116.2% | |
United States | N/A | 131 | 36.1 | -72.4% | |
Germany | N/A | N/A | 25.4 | 0% | |
United Arab Emirates | 760 | 78.1 | 14.6 | -86.1% | |
France | N/A | 0.3 | 13.4 | 4366.7% | |
Ireland | N/A | N/A | 13.4 | 0% | |
Malaysia | N/A | N/A | 11.3 | 0% | |
Tanzania | N/A | N/A | 6.1 | 0% | |
Oman | N/A | 0.2 | 4.1 | 1950.0% | |
Bahrain | 92.8 | 81.3 | 1.4 | -87.7% | |
China | 108 | 0.3 | N/A | -99.7% | |
Others | 25.2 | 8.2 | 282 | 234.5% | |
Total | 1,001 | 326 | 664 | -18.6% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Saudi Arabia in 2022:
- Netherlands (11.9K units)
- Malaysia (9.5K units)
- Spain (4.7K units)
- Tanzania (3.5K units)
- Oman (2.0K units)
- United States (1.8K units)
- Ireland (1.6K units)
- United Arab Emirates (1.5K units)
- Germany (1.4K units)
- Bahrain (1.1K units)
- Italy (1.0K units)
- France (0.8K units)
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