Product Code: ETC047059 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Party Supplies market currently, in 2023, has witnessed an HHI of 2127, Which has decreased moderately as compared to the HHI of 4023 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The party supplies market in Saudi Arabia is estimated to grow at a CAGR of 5.6% during the forecast period 2025-2031. This growth is driven by growing population, changing lifestyle, and an increasing number of events such as birthdays, weddings, anniversaries and other special occasions being celebrated by the people in the country. The demand for disposable items such as paper cups, plates, plastic cutlery and decorations has increased due to their convenience and cost effectiveness. The availability of a wide range of party supplies from both online stores as well as physical retailers also fuels this market??s growth prospects.
Growing Population ?? Due to its high rate of population growth over recent years, there is an increasing demand for all types of consumer goods including party supplies in Saudi Arabia which drives this market??s expansion prospects. Rising levels of disposable incomes have led to more people indulging themselves with luxury items like designer clothes or furniture products thus boosting sales within retail stores that specialize in selling these products especially when it comes to celebrating important events such as weddings or birthdays where decorations play a very important role in making them memorable affairs. Availability Of A Wide Range Of Party Supplies From Online Stores And Physical Retailers- With internet penetration rising steadily across the region coupled with an increase in smartphone usage; ecommerce portals offering various types of party supplies have become quite popular among consumers looking for convenience & variety along with competitive pricing options available only on these platforms drive sales volumes significantly higher year on year basis further fuelling this markets expansion prospects going forward .
High Cost As Compared To Other Countries In The Region?? Despite efforts taken by manufacturers/suppliers/vendors operating within this space aiming at reducing costs associated with procuring raw materials used while manufacturing many different kinds items related specifically towards celebrations occasions (e.g., banners , balloons etc) ; prices remain relatively expensive compared those offered elsewhere hindering potential uptake amongst local buyers who may be tempted look alternatives outside geographic boundaries thereby exerting pressure upon profit margins adversely affecting overall competitiveness landscape.
The COVID 19 pandemic has caused a significant dip in demand for these products due to travel restrictions imposed by the government as well as social distancing norms put into place. Nonetheless, with more people now opting for home parties and virtual celebrations on video call platforms like Zoom or Google Meet; there is expected to be an increase in demand for these products from consumers across all age groups. Players operating in this space are thus focusing on launching themed packages that include multiple items catering specifically towards various occasions such as anniversaries or baby showers.
Key players operating in the Saudi Arabia Party Supplies Market include Aladdin Party Supplies, Decoparty Centre, FIESTA Mall & Online Store (Fiesta), Jadoreparty Center (JPS), Passan Gifts & Novelties Co., Togofogo Events Solutions LLC., Zestu Party Supply among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Party Supplies Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Party Supplies Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Party Supplies Market - Industry Life Cycle |
3.4 Saudi Arabia Party Supplies Market - Porter's Five Forces |
3.5 Saudi Arabia Party Supplies Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Saudi Arabia Party Supplies Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Saudi Arabia Party Supplies Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Saudi Arabia Party Supplies Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Party Supplies Market Trends |
6 Saudi Arabia Party Supplies Market, By Types |
6.1 Saudi Arabia Party Supplies Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Party Supplies Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Saudi Arabia Party Supplies Market Revenues & Volume, By Balloons, 2021-2031F |
6.1.4 Saudi Arabia Party Supplies Market Revenues & Volume, By Banners, 2021-2031F |
6.1.5 Saudi Arabia Party Supplies Market Revenues & Volume, By Pinatas, 2021-2031F |
6.1.6 Saudi Arabia Party Supplies Market Revenues & Volume, By Games, 2021-2031F |
6.1.7 Saudi Arabia Party Supplies Market Revenues & Volume, By Home Decor, 2021-2031F |
6.1.8 Saudi Arabia Party Supplies Market Revenues & Volume, By Tableware/Disposables, 2021-2031F |
6.1.9 Saudi Arabia Party Supplies Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Saudi Arabia Party Supplies Market Revenues & Volume, By Others, 2021-2031F |
6.2 Saudi Arabia Party Supplies Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Party Supplies Market Revenues & Volume, By Commercial Use, 2021-2031F |
6.2.3 Saudi Arabia Party Supplies Market Revenues & Volume, By Domestic Use, 2021-2031F |
6.3 Saudi Arabia Party Supplies Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Party Supplies Market Revenues & Volume, By Supermarket/Hypermarket, 2021-2031F |
6.3.3 Saudi Arabia Party Supplies Market Revenues & Volume, By Convenience Store, 2021-2031F |
6.3.4 Saudi Arabia Party Supplies Market Revenues & Volume, By Specialized Store, 2021-2031F |
6.3.5 Saudi Arabia Party Supplies Market Revenues & Volume, By E-Commerce, 2021-2031F |
6.3.6 Saudi Arabia Party Supplies Market Revenues & Volume, By Others, 2021-2031F |
7 Saudi Arabia Party Supplies Market Import-Export Trade Statistics |
7.1 Saudi Arabia Party Supplies Market Export to Major Countries |
7.2 Saudi Arabia Party Supplies Market Imports from Major Countries |
8 Saudi Arabia Party Supplies Market Key Performance Indicators |
9 Saudi Arabia Party Supplies Market - Opportunity Assessment |
9.1 Saudi Arabia Party Supplies Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Saudi Arabia Party Supplies Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Saudi Arabia Party Supplies Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Saudi Arabia Party Supplies Market - Competitive Landscape |
10.1 Saudi Arabia Party Supplies Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Party Supplies Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |