Silk Fabric Market Overview in Saudi Arabia
In value terms, silk fabric production totaled $ in estimated in export prices. In general, production posted notable growth. The growth pace was the most rapid in 2014 with an increase of % against the previous year. Over the period under review, production hit record highs in and is expected to retain growth in years to come.
The value of the silk fabric market in Saudi Arabia reached $ in , remaining constant 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). Overall, the total consumption indicated a perceptible increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2011 indices. The growth pace was the most rapid in 2014 when the market value increased by % y-o-y. Over the period under review, the market reached the peak level in and is likely to see steady growth in years to come.