Middle East: Felt Market 2020

Felt Market Size in Middle East

The revenue of the felt market in Middle East amounted to $X in 2017, standing approx. at the previous year. The felt consumption continues to indicate a drastic curtailment. The pace of growth appeared the most rapid in 2010, with an increase of X% y-o-y. In that year, the felt market reached their peak level of $X. From 2011 to 2017, growth of the felt market stood at a somewhat lower level.

Felt Production in Middle East

In 2017, the amount of felt produced in Middle East totaled X tons, picking up by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2010, when the output figure increased by X% y-o-y. The volume of felt production peaked in 2017, and is likely to continue its growth in the near future.

Felt Exports in Middle East

The exports stood at X tons in 2017, flattening at the previous year. The felt exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014, with an increase of X% y-o-y. The volume of exports peaked of X tons in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, felt exports amounted to $X in 2017. The felt exports continue to indicate a strong growth. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Felt Exports by Country in Middle East

Turkey dominates felt exports structure, amounting to X tons, which was approx. X% of total exports in 2017. It was distantly followed by Saudi Arabia (X tons), creating X% share of total exports.

Turkey was also the fastest growing in terms of the felt exports, with a CAGR of +X% from 2007 to 2017. Saudi Arabia experienced a relatively flat trend pattern. While the share of Turkey (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest felt supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global exports.

From 2007 to 2017, the average annual growth rate of value in Turkey stood at +X%.

Felt Export Prices by Country in Middle East

In 2017, the felt export price in Middle East amounted to $X per ton, growing by X% against the previous year. The felt export price continues to indicate an abrupt contraction. The pace of growth appeared the most rapid in 2008, an increase of X% against the previous year. In that year, the export prices for felt attained their peak level of $X per ton. From 2009 to 2017, growth of the export prices for felt failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Saudi Arabia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Saudi Arabia (+X% per year).

Felt Imports in Middle East

In 2017, imports of felt in Middle East totaled X tons, reducing by -X% against the previous year. The felt imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012, with an increase of X% year-to-year. Over the period under review, the felt imports reached its maximum volume of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, felt imports amounted to $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. Over the period under review, the felt imports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Felt Imports by Country in Middle East

Turkey was the main importer of felt in Middle East, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2017. Saudi Arabia (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons), Iran (X tons) and Kuwait (X tons). All these countries together held near X% share of total imports. Iraq (X tons) and Lebanon (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iraq (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported felt in Middle East, making up X% of global imports. The second position in the ranking was occupied by Iran ($X), with a X% share of global imports. It was followed by Saudi Arabia, with a X% share.

In Turkey, felt imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Iran (-X% per year) and Saudi Arabia (-X% per year).

Felt Import Prices by Country in Middle East

The felt import price in Middle East stood at $X per ton in 2017, growing by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017, when the import prices increased by X% y-o-y. In that year, the import prices for felt attained their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Turkey ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Turkey (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform