Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Saudi Arabia - 2022

Contents:

1. Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Saudi Arabia (FOB) - 2022
2. Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Saudi Arabia (CIF) - 2022
3. Exports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Saudi Arabia
4. Imports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Saudi Arabia

Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Saudi Arabia (FOB) - 2022

The average export price for tents of textile materials other than cotton or synthetic fibreses stood at $1,723 per ton in 2021, with an increase of 5% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of 45%. The export price peaked at $3,319 per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Yemen ($3,302 per ton), while the average price for exports to Qatar ($1,109 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 (+41.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Saudi Arabia (CIF) - 2022

In 2021, the average import price for tents of textile materials other than cotton or synthetic fibreses amounted to $3,148 per ton, growing by 60% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for tents of textile materials other than cotton or synthetic fibreses increased by +82.8% against 2017 indices. As a result, import price reached 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 the United States ($64,552 per ton), while the price for Egypt ($982 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Saudi Arabia

In 2022, overseas shipments of tents of textile materials other than cotton or synthetic fibreses decreased by -1.8% to 2.5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 312%.

In value terms, exports of tents of textile materials other than cotton or synthetic fibreses soared to $5.2M in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 351%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Tents of Textile Materials Other than Cotton or Synthetic Fibres from Saudi Arabia in 2022:

1. United Arab Emirates (1106.7 tons)
2. Kuwait (1035.2 tons)
3. Qatar (162.6 tons)
4. Oman (82.5 tons)
5. Yemen (43.9 tons)
6. Sudan (36.4 tons)

Imports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Saudi Arabia

In 2021, approx. 6.6K tons of tents of textile materials other than cotton or synthetic fibreses were imported into Saudi Arabia; with a decrease of -4.2% against the previous year's figure. In general, imports saw a pronounced downturn. The smallest decline of -1.6% was in 2020.

In value terms, imports of tents of textile materials other than cotton or synthetic fibreses surged to $21M in 2021. Over the period under review, total imports indicated a significant increase from 2019 to 2021: its value increased at an average annual rate of +27.0% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tents of Textile Materials Other than Cotton or Synthetic Fibres to Saudi Arabia in 2022:

1. Pakistan (5.5K tons)
2. China (0.4K tons)
3. Egypt (0.3K tons)
4. United States (0.1K tons)

Source: IndexBox Market Intelligence Platform