Saudi Arabia: Market for Nets of Twine, Cordage, Rope or Textile Materials 2022

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Saudi Arabia

The Saudi market for nets of twine, cordage, rope or textile materials soared to $X in 2021, growing 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, consumption saw prominent growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Saudi Arabia

In 2021, approx. X tons of nets of twine, cordage, rope or textile materials were exported from Saudi Arabia; which is down by -X% compared with the previous year. In general, exports faced a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, twine, cordage or textile net exports contracted to $X in 2021. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Indonesia (X tons) and Egypt (X tons) were the main destinations of twine, cordage or textile net exports from Saudi Arabia, together accounting for X% of total exports. Kuwait, Yemen, Sudan, Sri Lanka, New Zealand, Oman and South Korea lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of -X%), while the other leaders experienced a decline.

In value terms, Egypt ($X) remains the key foreign market for twine, cordage or textile net exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Yemen, with an X% share.

From 2012 to 2021, the average annual growth rate of value to Egypt totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and Yemen (-X% per year).

Export Prices by Country

In 2021, the average export price for nets of twine, cordage, rope or textile materials amounted to $X per ton, surging by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to the United States ($X 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 Yemen (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Saudi Arabia

In 2021, the amount of nets of twine, cordage, rope or textile materials imported into Saudi Arabia skyrocketed to X tons, growing by X% on the year before. Over the period under review, imports recorded strong growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, twine, cordage or textile net imports soared to $X in 2021. Overall, imports posted a perceptible increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest twine, cordage or textile net supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, twine, cordage or textile net imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), eightfold. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Japan (+X% per year).

In value terms, China ($X) constituted the largest supplier of twine, cordage or textile net to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

The average import price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2021, approximately reflecting the previous year. In general, the import price, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform