MENA: Market for Silk Shawls And Scarves 2024

Market Size for Silk Shawls And Scarves in MENA

In 2022, the MENA's silk shawl and scarf market increased by 59% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, recorded a abrupt downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Silk Shawls And Scarves in MENA

In value terms, silk shawl and scarf production contracted slightly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 45%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Silk Shawls And Scarves

Exports in MENA

In 2022, after three years of growth, there was significant decline in shipments abroad of silk shawls and scarves, when their volume decreased by -22.4% to X units. Over the period under review, exports showed a slight setback. The most prominent rate of growth was recorded in 2016 with an increase of 61%. The volume of export peaked at X units in 2021, and then declined sharply in the following year.

In value terms, silk shawl and scarf exports declined markedly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 88%. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

Tunisia represented the key exporting country with an export of around X units, which accounted for 70% of total exports. Turkey (X units) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (5.2%).

From 2012 to 2022, average annual rates of growth with regard to silk shawl and scarf exports from Tunisia stood at +4.2%. At the same time, Turkey (+9.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +9.2% from 2012-2022. By contrast, the United Arab Emirates (-2.1%) illustrated a downward trend over the same period. Tunisia (+31 p.p.) and Turkey (+15 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, Tunisia ($X) remains the largest silk shawl and scarf supplier in MENA, comprising 80% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports.

In Tunisia, silk shawl and scarf exports increased at an average annual rate of +3.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+11.2% per year) and Turkey (+10.3% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the export price increased by 49% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

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 the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Silk Shawls And Scarves

Imports in MENA

In 2022, purchases abroad of silk shawls and scarves increased by 184% to X units, rising for the second year in a row after three years of decline. In general, imports, however, continue to indicate a pronounced curtailment. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, silk shawl and scarf imports amounted to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates prevails in imports structure, amounting to X units, which was approx. 82% of total imports in 2022. It was distantly followed by Yemen (X units), making up a 6.6% share of total imports. The following importers - Saudi Arabia (X units), Turkey (X units) and Qatar (X units) - together made up 7.8% of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +6.0% from 2012 to 2022. At the same time, Qatar (+22.5%) and Yemen (+3.0%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of +22.5% from 2012-2022. By contrast, Turkey (-18.4%) and Saudi Arabia (-18.5%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+49 p.p.), Yemen (+3 p.p.) and Qatar (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (-10.7 p.p.) and Saudi Arabia (-15.9 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported silk shawls and scarves in MENA, comprising 43% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports. It was followed by Qatar, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to -5.1%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (-7.1% per year) and Qatar (+15.6% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, dropping by -64.4% against the previous year. Overall, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the import price increased by 36% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021, and then fell notably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while Yemen ($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 (+13.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform