Saudi Arabia Denim Market Size & Outlook, 2022-2030
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Saudi Arabia denim market highlights
- The Saudi Arabia denim market generated a revenue of USD 119.7 million in 2022 and is expected to reach USD 162.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.9% from 2023 to 2030.
- In terms of segment, mass was the largest revenue generating category in 2022.
- Luxury is the most lucrative category segment registering the fastest growth during the forecast period.
Denim market data book summary
| Market revenue in 2022 | USD 119.7 million |
| Market revenue in 2030 | USD 162.4 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Mass |
| Fastest growing segment | Luxury |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mass, Premium, Luxury |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.5% of the global denim market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa denim market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 162.4 million by 2030.
Mass was the largest segment with a revenue share of 64.24% in 2022. Horizon Databook has segmented the Saudi Arabia denim market based on mass, premium, luxury covering the revenue growth of each sub-segment from 2018 to 2030.
The Saudi government's efforts to diversify its economy have also contributed to the growth of the denim market. The Vision 2030 plan, announced in 2016, aims to reduce the country's dependence on oil and promote economic development in various sectors, including retail and fashion.
This has created an environment conducive to business growth, attracting more investment and international collaborations in the denim industry. The Saudi Arabian denim market has been fueled by several factors, including a growing young population, increasing urbanization, and a rising fashion-conscious middle-income group.
As more Saudi citizens embrace modern and Western styles, denim has become a staple in their wardrobes, transitioning from traditional clothing to contemporary fashion. ISKO, a prominent denim fabric manufacturer, was actively engaged in sustainability initiatives and collaborations within the Saudi Arabian fashion industry.
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Denim Market Scope
Denim Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| KG Denim | View profile | 1001-5000 | Coimbatore, Tamil Nadu, India, Asia | https://www.kgdenim.com |
| Grupo Santana Textiles | View profile | 1001-5000 | Horizonte, Ceara, Brazil, South America | http://www.santanatextiles.com/ |
| Vicunha | View profile | 5001-10000 | Pinheiros, Sao Paulo, Brazil, South America | https://www.vicunha.com/ |
| Naveena Group | View profile | 1001-5000 | Karachi, Sindh, Pakistan, Asia | http://naveenagroup.com |
| Cone Mills | View profile | 1-10 | Greensboro, North Carolina, United States, North America | https://www.conedenim.com |
| Prosperity Textile | View profile | 1001-5000 | Guangzhou, Guangdong, China, Asia | https://www.prosperity-textile.com/ |
| Arvind | View profile | 10001+ | Ahmedabad, Gujarat, India, Asia | http://arvind.com |
| ISKO | View profile | 251-500 | Bursa, Bursa, Turkey, Europe | https://iskodenim.com |
| Raymond | View profile | 501-1000 | Mumbai, Maharashtra, India, Asia | http://www.raymondindia.com |
Saudi Arabia denim market size, by category, 2018-2030 (US$M)
Saudi Arabia Denim Market Outlook Share, 2022 & 2030 (US$M)
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