MENA: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in MENA

The MENA's market for machines for preparing, weaving and knitting textiles soared to $X in 2021, jumping by 125% against the previous year. Overall, consumption posted a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Machines For Preparing, Weaving And Knitting Textiles in MENA

In value terms, textile weaving and knitting machinery production surged to $X in 2021 estimated in export price. Over the period under review, production recorded prominent growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 476%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports in MENA

Textile weaving and knitting machinery exports surged to X units in 2021, with an increase of 186% on 2020. Over the period under review, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile weaving and knitting machinery exports surged to $X in 2021. Overall, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X units) represented roughly 98% of total exports in 2021.

Turkey was also the fastest-growing in terms of the machines for preparing, weaving and knitting textiles exports, with a CAGR of +12.0% from 2012 to 2021. Turkey (+9.4 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest textile weaving and knitting machinery supplier in MENA.

In Turkey, textile weaving and knitting machinery exports expanded at an average annual rate of +13.6% over the period from 2012-2021.

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, falling by -20.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 35% against the previous year. The level of export peaked at $X per unit in 2020, and then fell significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to +1.5% per year.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports in MENA

In 2021, textile weaving and knitting machinery imports in MENA skyrocketed to X units, rising by 117% against the previous year's figure. Overall, imports enjoyed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, textile weaving and knitting machinery imports skyrocketed to $X in 2021. Over the period under review, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey dominates imports structure, amounting to X units, which was near 79% of total imports in 2021. It was distantly followed by Iran (X units), comprising an 8.3% share of total imports. The following importers - Morocco (X units), Egypt (X units), Algeria (X units) and the United Arab Emirates (X units) - each recorded a 9% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to textile weaving and knitting machinery imports into Turkey stood at +12.3%. At the same time, Iran (+17.3%), Morocco (+7.5%), Algeria (+5.4%) and Egypt (+1.0%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in MENA, with a CAGR of +17.3% from 2012-2021. The United Arab Emirates experienced a relatively flat trend pattern. Turkey (+7.3 p.p.) and Iran (+3.2 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Egypt saw its share reduced by -3.2% and -3.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported machines for preparing, weaving and knitting textiles in MENA, comprising 87% of total imports. The second position in the ranking was held by Iran ($X), with a 4.9% share of total imports. It was followed by Egypt, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +10.3%. The remaining importing countries recorded the following average annual rates of imports growth: Iran (+7.7% per year) and Egypt (+1.5% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, picking up by 15% against the previous year. Over the period under review, the import price, however, recorded a pronounced descent. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Egypt ($X per unit), while Algeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform