Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Saudi Arabia - 2022

Contents:

1. Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Saudi Arabia (CIF) - 2022
2. Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Saudi Arabia (FOB) - 2022
3. Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Saudi Arabia
4. Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Saudi Arabia

Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Saudi Arabia (CIF) - 2022

In 2021, the average import price for fabrics, knitted or crocheted, of a width of > 30 cms amounted to $2,037 per ton, surging by 14% against the previous year. Over the period under review, the import price, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by 47% against the previous year. Over the period under review, average import prices attained the peak figure at $3,673 per ton in 2013; however, from 2014 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 South Korea ($4,333 per ton), while the price for China totaled $1,907 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Saudi Arabia (FOB) - 2022

The average export price for fabrics, knitted or crocheted, of a width of > 30 cms stood at $9,351 per ton in 2021, which is down by -30.6% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The growth pace was the most rapid in 2013 an increase of 90%. The export price peaked at $15,189 per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($4,670 per ton), while the average price for exports to Yemen ($316 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+32.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Saudi Arabia

After three years of growth, purchases abroad of fabrics, knitted or crocheted, of a width of > 30 cms decreased by -9.8% to 12K tons in 2022. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. As a result, imports attained the peak of 14K tons, and then declined in the following year.

In value terms, imports of fabrics, knitted or crocheted, of a width of > 30 cms contracted to $24M in 2022. The total import value increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 42%. As a result, imports reached the peak of $28M, and then declined in the following year.

Top Suppliers of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm to Saudi Arabia in 2022:

1. China (10.7K tons)
2. South Korea (0.1K tons)

Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Saudi Arabia

Exports of fabrics, knitted or crocheted, of a width of > 30 cms from Saudi Arabia soared to 146 tons in 2022, growing by 4,392% compared with 2021. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of fabrics, knitted or crocheted, of a width of > 30 cms surged to $1.4M in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm from Saudi Arabia in 2022:

1. Yemen (7.6 tons)
2. Sudan (7.1 tons)
3. United Arab Emirates (5.6 tons)
4. Bahrain (4.9 tons)

Source: IndexBox Market Intelligence Platform