Tufted Textile Fabric Market Overview in Syrian Arab Republic
In value terms, tufted textile fabric production rose rapidly to $ in 2019 estimated in export prices. Overall, the total production indicated a resilient expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2017 indices. The pace of growth appeared the most rapid in 2008 with an increase of % year-to-year. Over the period under review, production attained the peak level in 2019 and is expected to retain growth in the immediate term.
The revenue of the tufted textile fabric market in Syrian Arab Republic fell to $ in 2019, which is down 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 abrupt decline. The pace of growth appeared the most rapid in 2008 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. From 2009 to 2019, the growth of the market remained at a lower figure.