GCC: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in GCC

For the third consecutive year, the GCC primary fiber crops market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed a buoyant increase. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Primary Fiber Crops Production in GCC

In value terms, primary fiber crops production reached $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Primary Fiber Crops Exports

Exports in GCC

In 2022, overseas shipments of fiber crops (primary) decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, primary fiber crops exports fell rapidly to $X in 2022. Overall, exports faced a precipitous decrease. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the main exporter of fiber crops (primary) in GCC, mixing up X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the fiber crops (primary) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest primary fiber crops supplier in GCC.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then shrank significantly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Primary Fiber Crops Imports

Imports in GCC

In 2022, after two years of growth, there was significant decline in supplies from abroad of fiber crops (primary), when their volume decreased by X% to X tons. Overall, imports, however, showed mild growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, primary fiber crops imports shrank remarkably to $X in 2022. Over the period under review, imports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the main importer of fiber crops (primary) in GCC, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Oman (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (X%), Bahrain (X%) and Saudi Arabia (X%). Kuwait (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X) constitutes the largest market for imported fiber crops (primary) in GCC, comprising X% of total imports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Oman, primary fiber crops imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bahrain ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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