MENA: Synthetic Yarn Market 2025

Synthetic Yarn Market Size in MENA

The MENA's synthetic yarn market contracted to $X in 2022, reducing by X% against the previous year. The total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Synthetic Yarn Production in MENA

In value terms, synthetic yarn production dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Synthetic Yarn Exports

Exports in MENA

In 2022, approx. X tons of yarn of synthetic or artificial staple fibers were exported in MENA; with a decrease of X% against the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, synthetic yarn exports rose remarkably to $X in 2022. Total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Egypt (X tons), creating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to synthetic yarn exports from Turkey stood at X%. At the same time, Egypt (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Egypt (X 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 ($X) remains the largest synthetic yarn supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports.

In Turkey, synthetic yarn exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Egypt totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Synthetic Yarn Imports

Imports in MENA

In 2022, approx. X tons of yarn of synthetic or artificial staple fibers were imported in MENA; increasing by X% on the year before. Overall, imports, however, showed a slight contraction. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic yarn imports soared to $X in 2022. Over the period under review, imports, however, saw a slight shrinkage. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey represented the largest importer of yarn of synthetic or artificial staple fibers in MENA, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Egypt (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (X%), Iran (X%) and Syrian Arab Republic (X%). The following importers - Tunisia (X tons) and Algeria (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to synthetic yarn imports into Turkey stood at X%. At the same time, Morocco (X%), Egypt (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Tunisia (X%), Algeria (X%) and Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Egypt and Morocco increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported yarn of synthetic or artificial staple fibers in MENA, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with an X% share of total imports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Morocco (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, growing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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 Algeria ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform