Saudi Arabia: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Saudi Arabia

The Saudi market for coconut, abaca, ramie and other vegetable textile fibres soared to $X in 2022, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated moderate 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. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Saudi Arabia

In 2021, shipments abroad of coconut, abaca, ramie and other vegetable textile fibres decreased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at X tons in 2020, and then reduced markedly in the following year.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres contracted to $X in 2021. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Saudi Arabia, accounting for a approx. X% share of total exports.

From 2020 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at X%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for coconut, abaca, ramie and other vegetable textile fibres exports from Saudi Arabia.

From 2020 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X%.

Export Prices by Country

In 2021, the average export price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, rising by X% against the previous year. Over the period from 2020 to 2021, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2020 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Saudi Arabia

Imports of coconut, abaca, ramie and other vegetable textile fibres into Saudi Arabia soared to X tons in 2022, increasing by X% on 2021 figures. In general, imports, however, saw a perceptible descent. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres skyrocketed to $X in 2022. Overall, total imports indicated noticeable 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, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Kenya (X tons) and Tanzania (X tons) were the main suppliers of imports of coconut, abaca, ramie and other vegetable textile fibres to Saudi Arabia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kenya (with a CAGR of X%).

In value terms, the largest coconut, abaca, ramie and other vegetable textile fibre suppliers to Saudi Arabia were Kenya ($X) and Tanzania ($X).

Among the main suppliers, Kenya, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, approximately mirroring the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price 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, import price for coconut, abaca, ramie and other vegetable textile fibres decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($X per ton), while the price for Kenya totaled $X per ton.

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

Source: IndexBox Platform

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