United Arab Emirates: Market for Woven Pile Fabrics And Chenille Fabrics 2022

Market Size for Woven Pile Fabrics And Chenille Fabrics in the United Arab Emirates

In 2021, after six years of growth, there was decline in the pile and chenille fabric market in the United Arab Emirates, when its value decreased by -X% to $X. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2013 indices. Pile and chenille fabric consumption peaked at $X in 2020, and then dropped in the following year.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from the United Arab Emirates

In 2021, shipments abroad of woven pile fabrics and chenille fabrics was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, pile and chenille fabric exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X tons) was the main destination for pile and chenille fabric exports from the United Arab Emirates, with a X% share of total exports. Moreover, pile and chenille fabric exports to Iran exceeded the volume sent to the second major destination, Oman (X tons), twofold. India (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Iran totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-X% per year) and India (+X% per year).

In value terms, the largest markets for pile and chenille fabric exported from the United Arab Emirates were Oman ($X), India ($X) and Iran ($X), with a combined X% share of total exports. These countries were followed by Romania and China, which together accounted for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average pile and chenille fabric export price amounted to $X per ton, declining by -X% against the previous year. Overall, the export price showed a noticeable setback. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Oman ($X per ton), while the average price for exports to Iran ($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 Oman (+X%), while the prices for the other major destinations experienced a decline.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into the United Arab Emirates

After five years of growth, overseas purchases of woven pile fabrics and chenille fabrics decreased by -X% to X tons in 2021. Overall, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2020, and then declined in the following year.

In value terms, pile and chenille fabric imports dropped to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pile and chenille fabric to the United Arab Emirates, accounting for a X% share of total imports. Moreover, pile and chenille fabric imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms 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 India (+X% per year).

In value terms, China ($X) constituted the largest supplier of pile and chenille fabric to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports.

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

Import Prices by Country

In 2021, the average pile and chenille fabric import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 Market Intelligence Platform

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