Tufted Textile Fabric Market Overview in Saudi Arabia
In value terms, tufted textile fabric production fell dramatically to $ in 2019 estimated in export prices. In general, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2009 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. From 2010 to 2019, production growth failed to regain the momentum.
The revenue of the tufted textile fabric market in Saudi Arabia shrank slightly to $ in 2019, waning by -% 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). In general, consumption recorded a slight slump. The pace of growth appeared the most rapid in 2013 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2014 to 2019, the growth of the market failed to regain the momentum.