Middle East: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in the Middle East

The Middle Eastern narrow woven fabric market surged to $X in 2021, picking up by 121% against the previous year. Over the period under review, consumption continues to indicate a prominent increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Narrow Woven Fabric Production in the Middle East

In value terms, narrow woven fabric production skyrocketed to $X in 2021 estimated in export price. In general, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 68% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Narrow Woven Fabric Exports

Exports in the Middle East

For the third consecutive year, the Middle East recorded growth in overseas shipments of narrow woven fabrics, which increased by 8.2% to X tons in 2021. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +102.6% against 2012 indices. The pace of growth was the most pronounced in 2017 when exports increased by 25% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, narrow woven fabric exports soared to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, reaching X tons, which was near 93% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), achieving a 6.3% share of total exports.

Turkey was also the fastest-growing in terms of the narrow woven fabrics exports, with a CAGR of +9.6% from 2012 to 2021. At the same time, the United Arab Emirates (+4.9%) displayed positive paces of growth. From 2012 to 2021, the share of Turkey increased by +11 percentage points.

In value terms, Turkey ($X) remains the largest narrow woven fabric supplier in the Middle East, comprising 94% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.1% share of total exports.

In Turkey, narrow woven fabric exports expanded at an average annual rate of +4.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, increasing by 14% against the previous year. Overall, the export price, however, recorded a perceptible descent. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-4.3%).

Narrow Woven Fabric Imports

Imports in the Middle East

In 2021, the amount of narrow woven fabrics imported in the Middle East surged to X tons, growing by 21% compared with 2020. Over the period under review, imports, however, continue to indicate a slight setback. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, narrow woven fabric imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the main importing country with an import of about X tons, which finished at 38% of total imports. It was distantly followed by the United Arab Emirates (X tons), Jordan (X tons), Saudi Arabia (X tons) and Iran (X tons), together comprising a 42% share of total imports. Iraq (X tons), Israel (X tons) and Yemen (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +2.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported narrow woven fabrics in the Middle East, comprising 43% of total imports. The second position in the ranking was taken by Jordan ($X), with a 20% share of total imports. It was followed by the United Arab Emirates, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +1.4%. The remaining importing countries recorded the following average annual rates of imports growth: Jordan (+11.9% per year) and the United Arab Emirates (+0.5% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, surging by 9.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Jordan ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+15.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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