MENA: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in MENA

The MENA's high-tenacity filament polyester yarn market skyrocketed to $X in 2021, rising by 20% against the previous year. The market value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Production of High-Tenacity Filament Yarn Of Polyesters in MENA

In value terms, high-tenacity filament polyester yarn production surged to $X in 2021 estimated in export price. The total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -18.4% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 80% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports in MENA

In 2021, shipments abroad of high-tenacity filament yarn of polyesters increased by 123% to X tons, rising for the second consecutive year after six years of decline. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, high-tenacity filament polyester yarn exports soared to $X in 2021. In general, exports continue to indicate a noticeable increase. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) and Egypt (X tons) dominates exports structure, together creating 95% of total exports. Saudi Arabia (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Egypt (with a CAGR of +17.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Egypt ($X), Turkey ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 98% share of total exports.

Among the main exporting countries, Egypt, with a CAGR of +20.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, with an increase of 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Egypt ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+2.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports in MENA

In 2021, high-tenacity filament polyester yarn imports in MENA soared to X tons, rising by 16% compared with 2020. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 31%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports soared to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) was the key importer of high-tenacity filament yarn of polyesters, constituting 69% of total imports. The United Arab Emirates (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (5.3%) and Tunisia (4.6%). The following importers - Iran (X tons), Morocco (X tons) and Egypt (X tons) - each amounted to a 6% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to high-tenacity filament polyester yarn imports into Turkey stood at +10.2%. At the same time, the United Arab Emirates (+28.4%), Saudi Arabia (+15.7%), Tunisia (+12.6%) and Morocco (+12.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +28.4% from 2012-2021. By contrast, Iran (-4.7%) and Egypt (-6.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates and Saudi Arabia increased by +8.9 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported high-tenacity filament yarn of polyesters in MENA, comprising 72% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.9% share of total imports. It was followed by Tunisia, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +6.5%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+15.6% per year) and Tunisia (+10.5% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, picking up by 31% against the previous year. Over the period under review, the import price, however, showed a pronounced descent. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Morocco ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform