Market Trends of Saudi Arabia Home Textile Industry
Growth of Imports and E-Commerce Segments is Fueling the Market
E-commerce is one of the fastest-growing segments of the retail markets in Saudi Arabia. Online shopping is growing its importance, although take-up varies significantly by region in the country. The Saudi Arabia home textile industry is popular in the world because of its association with heritage and its dependence on handicrafts in addition to its association with the Hajj and Umrah season in selling.
The Saudi Arabia Home Textile Market is experiencing unprecedented growth created by the explosion in population and the huge surge in the property market. Standing currently at more than USD 4 billion, the Saudi Arabia Textile imports are increasing at 13-15% annually. Ihram for men and Abayas for women, form a large section of this expanding market due to the increasing number of Haj and Umrah pilgrims. The top e-commerce website in Saudi Arabia for home textiles is Amazon. Tents and towels are also in great demand due to the nature of the countries geography and environmental requirements.
Rise in Demand for Home Furnishing and Residential Real Estate is Boosting the Market
Saudi Arabia is one of the largest home textile (especially, bed linen) exporters in the Middle East. Favorable economic conditions and trade equations have led to the growth and development of the home textile segment in Saudi Arabia. Recent surveys reveal that the population of the KSA is relatively young and growing, with a preference for high-end brands. Wool-based textile accounted for more than 13.0% of the market in terms of revenue in recent year. In addition, changing trends in home furnishing is expected to boost the market growth further. The export of textile and clothing products accounted for 9% of total sales within the export market for this country. Furthermore, the construction of residential buildings and luxury hotels is expected to drive the demand of home textiles in the region. Growth of end-use sectors like housing, hospitality, office spaces, and healthcare has ignited interest in home textiles among consumers.
