Middle East: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in the Middle East

The Middle Eastern high-tenacity filament polyester yarn market surged to $X in 2021, jumping by 29% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of High-Tenacity Filament Yarn Of Polyesters in the Middle East

In value terms, high-tenacity filament polyester yarn production skyrocketed to $X in 2021 estimated in export price. In general, production enjoyed notable growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 86%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports in the Middle East

In 2021, approx. X tons of high-tenacity filament yarn of polyesters were exported in the Middle East; picking up by 44% on 2020 figures. Overall, exports, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 103%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, high-tenacity filament polyester yarn exports surged to $X in 2021. In general, exports, however, showed a pronounced setback. The pace of growth was the most pronounced in 2013 when exports increased by 87%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey dominates exports structure, finishing at X tons, which was approx. 90% of total exports in 2021. It was distantly followed by Saudi Arabia (X tons), achieving a 4.8% share of total exports. Syrian Arab Republic (X tons) took a little share of total exports.

Turkey was also the fastest-growing in terms of the high-tenacity filament yarn of polyesters exports, with a CAGR of +2.0% from 2012 to 2021. Syrian Arab Republic (-5.9%) and Saudi Arabia (-24.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey increased by +39 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest high-tenacity filament polyester yarn supplier in the Middle East, comprising 94% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 1.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +2.3%. In the other countries, the average annual rates were as follows: Saudi Arabia (-30.8% per year) and Syrian Arab Republic (-16.7% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, surging by 28% against the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.3%), while the other leaders experienced a decline in the export price figures.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports in the Middle East

In 2021, supplies from abroad of high-tenacity filament yarn of polyesters increased by 16% to X tons, rising for the third year in a row after two years of decline. In general, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 26%. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports soared to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) represented the major importer of high-tenacity filament yarn of polyesters, committing 77% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 13% share, followed by Saudi Arabia (5.9%). Iran (X tons) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of +10.2% from 2012 to 2021. At the same time, the United Arab Emirates (+28.4%) and Saudi Arabia (+15.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +28.4% from 2012-2021. By contrast, Iran (-4.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates and Saudi Arabia increased by +9.7 and +2 percentage points, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported high-tenacity filament yarn of polyesters in the Middle East, comprising 81% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 10% share of total imports. It was followed by Saudi Arabia, with a 5.2% share.

In Turkey, high-tenacity filament polyester yarn imports expanded at an average annual rate of +6.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+15.6% per year) and Saudi Arabia (+6.2% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, surging by 32% against the previous year. Overall, the import price, however, continues to indicate a noticeable descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Turkey ($X per ton) and Iran ($X per ton), while the United Arab Emirates ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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