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

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in the Middle East

The Middle Eastern market for nets of twine, cordage, rope or textile materials fell to $X in 2021, declining by -5.5% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.7% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Nets of Twine, Cordage, Rope or Textile Materials in the Middle East

In value terms, twine, cordage or textile net production stood at $X in 2021 estimated in export price. Over the period under review, production, however, showed a strong increase. The growth pace was the most rapid in 2015 when the production volume increased by 80%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

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

Exports in the Middle East

In 2021, approx. X tons of nets of twine, cordage, rope or textile materials were exported in the Middle East; surging by 14% on the previous year's figure. Overall, exports posted a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 245% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, twine, cordage or textile net exports soared to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +20.4% against 2017 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 71%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Turkey represented the major exporter of nets of twine, cordage, rope or textile materials in the Middle East, with the volume of exports accounting for X tons, which was approx. 73% of total exports in 2021. The United Arab Emirates (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Oman (6.1%). The following exporters - Iran (X tons) and Israel (X tons) - each recorded a 6.4% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to twine, cordage or textile net exports from Turkey stood at +16.9%. At the same time, Oman (+44.2%), Iran (+8.3%) and the United Arab Emirates (+2.0%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +44.2% from 2012-2021. By contrast, Israel (-12.4%) illustrated a downward trend over the same period. Turkey (+33 p.p.) and Oman (+5.6 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Israel saw its share reduced by -11.9% and -20.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest twine, cordage or textile net supplier in the Middle East, comprising 68% of total exports. The second position in the ranking was held by Israel ($X), with a 10% share of total exports. It was followed by the United Arab Emirates, with a 10% share.

In Turkey, twine, cordage or textile net exports increased at an average annual rate of +9.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Israel (-4.6% per year) and the United Arab Emirates (+1.3% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, rising by 2.1% against the previous year. In general, the export price, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when the export price increased by 103% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Israel ($X per ton), while Iran ($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 (+13.2%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in the Middle East

In 2021, the amount of nets of twine, cordage, rope or textile materials imported in the Middle East declined to X tons, shrinking by -9.9% against 2020 figures. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 49%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, twine, cordage or textile net imports reduced to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 34%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of twine, cordage or textile net imports in 2021 were Yemen (X tons), the United Arab Emirates (X tons), Oman (X tons), Iran (X tons), Iraq (X tons) and Saudi Arabia (X tons), together reaching 79% of total import. It was distantly followed by Qatar (X tons) and Turkey (X tons), together generating a 9.8% share of total imports.

From 2012 to 2021, the biggest increases were in Yemen (with a CAGR of +25.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), Yemen ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 48% share of total imports.

Yemen, with a CAGR of +20.3%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, approximately mirroring the previous year. Overall, the import price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2016 when the import price increased by 6.8%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: 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 (+8.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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