GCC: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in GCC

The GCC market for other synthetic tow and staple not carded, combed or otherwise processed for spinning shrank to $X in 2022, flattening at the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in GCC

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning declined slightly to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports in GCC

In 2022, the amount of other synthetic tow and staple not carded, combed or otherwise processed for spinning exported in GCC fell dramatically to X tons, reducing by X% on the previous year's figure. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning dropped dramatically to $X in 2022. Over the period under review, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia represented the major exporter of other synthetic tow and staple not carded, combed or otherwise processed for spinning in GCC, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Kuwait (X tons), creating a X% share of total exports.

Exports from Saudi Arabia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (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. Saudi Arabia (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kuwait ($X) remains the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kuwait totaled X%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a slight contraction. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 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 Kuwait ($X per ton), while Saudi Arabia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%).

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports in GCC

In 2022, supplies from abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning shrank markedly to $X in 2022. Over the period under review, imports showed a abrupt downturn. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Qatar represented the key importer of other synthetic tow and staple not carded, combed or otherwise processed for spinning in GCC, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Oman (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%) and Kuwait (X%).

Qatar was also the fastest-growing in terms of the other synthetic tow and staple not carded, combed or otherwise processed for spinning imports, with a CAGR of X% from 2012 to 2022. Kuwait (X%), Oman (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Qatar, Oman and Kuwait increased by X, X and X percentage points, respectively.

In value terms, Qatar ($X) constitutes the largest market for imported other synthetic tow and staple not carded, combed or otherwise processed for spinning in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

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

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price showed a remarkable increase. The growth pace was the most rapid in 2016 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

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 Qatar ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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