Qatar: Knitted Fabric Market 2024

Knitted Fabric Market Size in Qatar

The Qatari knitted fabric market soared to $X in 2021, 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, consumption, however, recorded a pronounced decline. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Knitted Fabric Exports

Exports from Qatar

In 2023, overseas shipments of knitted or crocheted fabrics decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, knitted fabric exports shrank markedly to $X in 2023. In general, exports, however, continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for knitted fabric exports from Qatar, accounting for a X% share of total exports. It was followed by the Czech Republic (X tons), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and the UK (X% per year).

In value terms, the largest markets for knitted fabric exported from Qatar were the United Arab Emirates ($X), the UK ($X) and the Czech Republic ($X), together comprising X% of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of 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

The average knitted fabric export price stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the export price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced a decline.

Knitted Fabric Imports

Imports into Qatar

Knitted fabric imports into Qatar surged to X tons in 2023, with an increase of X% against 2022 figures. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

In value terms, knitted fabric imports skyrocketed to $X in 2023. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, China (X tons) constituted the largest knitted fabric supplier to Qatar, accounting for a X% share of total imports. Moreover, knitted fabric imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Turkey (X% per year).

In value terms, the UK ($X), China ($X) and the United States ($X) appeared to be the largest knitted fabric suppliers to Qatar, together comprising X% of total imports.

Among the main suppliers, the UK, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average knitted fabric import price stood at $X per ton in 2023, jumping by X% against the previous year. Overall, 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. The import price peaked at $X per ton in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform