The market is dominated by domestic suppliers, as imports account for 38.0% of total market size in 2022. Households drive market demand, with household spending representing 96.9% of total demand in 2022. Saudi Arabia has the third largest market size for knitted and crocheted articles regionally, with demand reaching USD668 million in 2022. The total number of companies decreases in 2022, to 240 units. The costs of the industry increase by 13.2% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 45.8% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 0.6% of total production output. With production value of USD320 million, Saudi Arabia accounts for 30.6% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Knitted and Crocheted Articles in Saudi Arabia: ISIC 173. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Knitted and Crocheted Articles in Saudi Arabia: ISIC 173 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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