GCC: Market for Finishing Agents Used In The Textile Industry 2024

Market Size for Finishing Agents Used In The Textile Industry in GCC

In 2022, the GCC textile industry finishing agents market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, continues to indicate prominent growth. Over the period under review, the market hit record highs at $X in 2021, and then reduced slightly in the following year.

Production of Finishing Agents Used In The Textile Industry in GCC

In value terms, textile industry finishing agents production dropped modestly to $X in 2022 estimated in export price. Overall, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Finishing Agents Used In The Textile Industry

Exports in GCC

In 2022, after two years of decline, there was significant growth in overseas shipments of finishing agents used in the textile industry, when their volume increased by X% to X tons. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, textile industry finishing agents exports surged to $X in 2022. In general, exports showed a remarkable increase. The growth pace was the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total exports. Kuwait (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to textile industry finishing agents exports from Saudi Arabia stood at X%. At the same time, Kuwait (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest textile industry finishing agents supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2015 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the export price figures.

Imports of Finishing Agents Used In The Textile Industry

Imports in GCC

In 2022, the amount of finishing agents used in the textile industry imported in GCC stood at X tons, remaining stable against the previous year's figure. Overall, imports recorded strong growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, textile industry finishing agents imports surged to $X in 2022. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

The United Arab Emirates was the major importing country with an import of around X tons, which accounted for X% of total imports. Oman (X tons) held the second position in the ranking, followed by Qatar (X tons), Saudi Arabia (X tons) and Bahrain (X tons). All these countries together took approx. X% share of total imports. Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to textile industry finishing agents imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%), Oman (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Kuwait (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Qatar (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Bahrain, Kuwait and Saudi Arabia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported finishing agents used in the textile industry in GCC, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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