Saudi Arabia: Carpet Market 2024

Carpet Market Size in Saudi Arabia

The Saudi carpet market was finally on the rise to reach $X in 2022, after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Carpet Production in Saudi Arabia

In value terms, carpet production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Carpet Exports

Exports from Saudi Arabia

In 2022, after two years of growth, there was significant decline in overseas shipments of carpets and other textile floor coverings, when their volume decreased by X% to X square meters. In general, exports recorded a perceptible downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X square meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, carpet exports reduced dramatically to $X in 2022. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X square meters) was the main destination for carpet exports from Saudi Arabia, with a X% share of total exports. Moreover, carpet exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X square meters), fourfold. Bahrain (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Bahrain (X% per year).

In value terms, the United States ($X) remains the key foreign market for carpets and other textile floor coverings exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Yemen, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Yemen (X% per year).

Export Prices by Country

The average carpet export price stood at $X per square meter in 2022, reducing by X% against the previous year. Overall, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Yemen ($X per square meter), while the average price for exports to Belgium ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (X%), while the prices for the other major destinations experienced a decline.

Carpet Imports

Imports into Saudi Arabia

In 2022, supplies from abroad of carpets and other textile floor coverings was finally on the rise to reach X square meters after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, carpet imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X square meters) constituted the largest carpet supplier to Saudi Arabia, with a X% share of total imports. Moreover, carpet imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X square meters), twofold. The United Arab Emirates (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United Arab Emirates (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of carpets and other textile floor coverings to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average carpet import price amounted to $X per square meter, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($X per square meter), while the price for Vietnam ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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