Middle East and North Africa: Market for Nets of Twine, Cordage, Rope or Textile Materials 2022

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Middle East and North Africa

In 2021, the MENA's market for nets of twine, cordage, rope or textile materials decreased by -X% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Middle East and North Africa

In value terms, twine, cordage or textile net production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports in Middle East and North Africa

For the third year in a row, Middle East and North Africa recorded growth in overseas shipments of nets of twine, cordage, rope or textile materials, which increased by X% to X tons in 2021. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, twine, cordage or textile net exports skyrocketed to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Turkey dominates exports structure, recording X tons, which was near X% of total exports in 2021. Morocco (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (X%) and Oman (X%). The following exporters - the United Arab Emirates (X tons), Iran (X tons) and Israel (X tons) - each resulted at a X% share of total exports.

Exports from Turkey increased at an average annual rate of +X% from 2012 to 2021. At the same time, Oman (+X%), Morocco (+X%), Iran (+X%) and Tunisia (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in Middle East and North Africa, with a CAGR of +X% from 2012-2021. By contrast, the United Arab Emirates (-X%) and Israel (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, Oman and Morocco increased by +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest twine, cordage or textile net supplier in Middle East and North Africa, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

In Turkey, twine, cordage or textile net exports increased at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (+X% per year) and Tunisia (+X% per year).

Export Prices by Country

The le materials in Middle East and North Africa stood at $X per ton in 2021, rising by X% against the previous year. In general, the export price, however, recorded a mild descent. The pace of growth was the most pronounced in 2015 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+X%), while the other leaders experienced more modest paces of growth.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports in Middle East and North Africa

Twine, cordage or textile net imports totaled X tons in 2021, approximately mirroring the previous year's figure. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, twine, cordage or textile net imports rose remarkably to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons), Morocco (X tons), Yemen (X tons), Saudi Arabia (X tons), Oman (X tons), Iran (X tons) and Iraq (X tons) was the largest importer of nets of twine, cordage, rope or textile materials in Middle East and North Africa, constituting X% of total import. The following importers - Algeria (X tons), Qatar (X tons), Tunisia (X tons), Turkey (X tons), Kuwait (X tons) and Israel (X tons) - each finished at an X% share of total imports.

From 2012 to 2021, the biggest increases were in Yemen (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine, cordage or textile net importing markets in Middle East and North Africa were Morocco ($X), the United Arab Emirates ($X) and Iran ($X), with a combined X% share of total imports. These countries were followed by Yemen, Turkey, Iraq, Oman, Saudi Arabia, Israel, Algeria, Tunisia, Qatar and Kuwait, which together accounted for a further X terms of the main importing countries, Yemen, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The le materials in Middle East and North Africa stood at $X per ton in 2021, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform