Report Update: May 1, 2024

Saudi Arabia - Plaits And Similar Products Of Plaiting Materials - Market Analysis, Forecast, Size, Trends and Insights

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Plaits and Basketwork Price in Saudi Arabia - 2021

Plaits and Basketwork Price in Saudi Arabia (CIF) - 2022

The average plaits and basketwork import price stood at $5,036 per ton in 2021, rising by 76% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Qatar ($90,238 per ton), while the price for Pakistan ($753 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+475.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Plaits and Basketwork Price in Saudi Arabia (FOB) - 2022

In 2022, the average plaits and basketwork export price amounted to $2,865 per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a mild contraction. The pace of growth appeared the most rapid in 2014 an increase of 71%. Over the period under review, the average export prices hit record highs at $3,797 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($3,689 per ton), while the average price for exports to Bahrain ($1,376 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plaits and Basketwork Imports in Saudi Arabia

In 2021, purchases abroad of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by -37.7% to 8.8K tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 when imports increased by 28%. As a result, imports reached the peak of 14K tons, and then dropped sharply in the following year.

In value terms, plaits and basketwork imports rose significantly to $45M in 2021. Over the period under review, imports continue to indicate a pronounced setback.

Import of Plaits and Basketwork in Saudi Arabia (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
China	41.7	25.6	22.8	-26.1%
Qatar	N/A	N/A	12.2	0%
Germany	N/A	0.4	2.4	500.0%
United States	N/A	2.3	0.9	-60.9%
United Arab Emirates	N/A	0.8	0.7	-12.5%
Pakistan	N/A	N/A	0.3	0%
United Kingdom	N/A	N/A	0.3	0%
Kenya	N/A	0.7	N/A	0%
Others	5.8	10.8	4.9	-8.1%
Total	47.6	40.6	44.6	-3.2%

Top Suppliers of Plaits and Basketwork to Saudi Arabia in 2022:

China (6.0K tons)
Germany (0.5K tons)
Pakistan (0.4K tons)
United Kingdom (0.4K tons)
United States (0.2K tons)
Qatar (0.1K tons)
United Arab Emirates (0.1K tons)

Plaits and Basketwork Exports in Saudi Arabia

In 2022, the amount of plaits, basketwork, wickerwork and similar products of plaiting materials exported from Saudi Arabia contracted remarkably to 431 tons, with a decrease of -22.6% against the previous year's figure. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +6.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 76% against the previous year. As a result, the exports reached the peak of 556 tons, and then declined sharply in the following year.

In value terms, plaits and basketwork exports contracted remarkably to $1.2M in 2022. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. As a result, the exports attained the peak of $1.6M, and then reduced rapidly in the following year.

Export of Plaits and Basketwork in Saudi Arabia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bahrain	30.1	46.7	41.2	369	130.6%
Egypt	308	134	207	242	-7.7%
Italy	N/A	5.3	49.4	214	535.4%
Jordan	6.9	3.0	N/A	52.3	96.4%
United Kingdom	15.7	N/A	39.6	25.2	17.1%
Oman	52.2	398	819	N/A	296.1%
United Arab Emirates	348	200	149	N/A	-34.6%
Others	71.6	83.9	292	331	66.6%
Total	833	871	1,598	1,234	14.0%

Top Export Markets for Plaits and Basketwork from Saudi Arabia in 2022:

Bahrain (268.3 tons)
Egypt (69.0 tons)
Italy (58.1 tons)
Jordan (16.3 tons)
United Kingdom (6.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plaits and basketwork market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16292500 - Manufactures of straw, of esparto or of other plaiting materials, basket ware and wickerwork

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023