United Arab Emirates: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in the United Arab Emirates

In 2022, the tufted textile fabric market in the United Arab Emirates was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a sharp decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Tufted Textile Fabric Production in the United Arab Emirates

In value terms, tufted textile fabric production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced 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. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Tufted Textile Fabric Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of tufted textile fabrics increased by X% to X square meters, rising for the second consecutive year after three years of decline. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at X square meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, tufted textile fabric exports skyrocketed to $X in 2022. Overall, exports showed a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X square meters) was the main destination for tufted textile fabric exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, tufted textile fabric exports to Kuwait exceeded the volume sent to the second major destination, Bahrain (X square meters), threefold. The third position in this ranking was held by Rwanda (X square meters), with a X% share.

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

In value terms, Kuwait ($X) emerged as the key foreign market for tufted textile fabrics exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Kuwait totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average tufted textile fabric export price amounted to $X per square meter, growing by X% against the previous year. In general, the export price recorded strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per square meter), while the average price for exports to Rwanda ($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 Qatar (X%), while the prices for the other major destinations experienced a decline.

Tufted Textile Fabric Imports

Imports into the United Arab Emirates

After seven years of decline, overseas purchases of tufted textile fabrics increased by X% to X square meters in 2022. In general, imports, however, recorded a dramatic contraction. Imports peaked at X square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, tufted textile fabric imports surged to $X in 2022. Overall, imports, however, faced a precipitous decrease. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X square meters), China (X square meters) and the UK (X square meters) were the main suppliers of tufted textile fabric imports to the United Arab Emirates, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), China ($X) and the UK ($X) were the largest tufted textile fabric suppliers to the United Arab Emirates, together comprising X% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average tufted textile fabric import price stood at $X per square meter in 2022, surging by X% against the previous year. Over the period under review, the import price, however, showed a pronounced decrease. Over the period under review, average import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per square meter), while the price for Syrian Arab Republic ($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 China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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