MENA: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in MENA

The MENA's knitted shawl and scarf market fell modestly to $X in 2022, which is down by -2.6% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in MENA

In value terms, knitted shawl and scarf production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a mild decrease. The pace of growth was the most pronounced in 2017 with an increase of 47% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports in MENA

In 2022, the amount of shawls, scarves and the like of knitted or crocheted textiles exported in MENA reduced markedly to X units, waning by -19.6% on 2021. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 50%. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, knitted shawl and scarf exports dropped to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, the exports reached the peak of $X, and then reduced slightly in the following year.

Exports by Country

Turkey prevails in exports structure, accounting for X units, which was approx. 85% of total exports in 2022. The following exporters - Israel (X units), the United Arab Emirates (X units) and Tunisia (X units) - together made up 9.4% of total exports.

From 2012 to 2022, average annual rates of growth with regard to knitted shawl and scarf exports from Turkey stood at -8.0%. Israel experienced a relatively flat trend pattern. Tunisia (-4.6%) and the United Arab Emirates (-14.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Israel and Turkey increased by +2.4 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest knitted shawl and scarf supplier in MENA, comprising 88% of total exports. The second position in the ranking was held by Israel ($X), with a 3.7% share of total exports. It was followed by the United Arab Emirates, with a 3.6% share.

In Turkey, knitted shawl and scarf exports expanded at an average annual rate of +6.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (-0.9% per year) and the United Arab Emirates (-6.7% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, jumping by 23% against the previous year. Overall, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2019 when the export price increased by 79%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+15.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports in MENA

In 2022, knitted shawl and scarf imports in MENA fell to X units, waning by -10.4% on the year before. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, knitted shawl and scarf imports declined to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 59%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the key importer of shawls, scarves and the like of knitted or crocheted textiles in MENA, with the volume of imports amounting to X units, which was near 41% of total imports in 2022. Iraq (X units) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Algeria (10%) and Djibouti (6.4%). Libya (X units), Turkey (X units), Iran (X units) and Tunisia (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Algeria (with a CAGR of +30.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported shawls, scarves and the like of knitted or crocheted textiles in MENA, comprising 44% of total imports. The second position in the ranking was taken by Iraq ($X), with a 14% share of total imports. It was followed by Algeria, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at +2.7%. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (+2.6% per year) and Algeria (+16.5% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, which is down by -3.7% against the previous year. Overall, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2014 when the import price increased by 28%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tunisia ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform