Middle East: Sails Market 2025

Sails Market Size in the Middle East

The Middle Eastern sails market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Sails Production in the Middle East

In value terms, sails production expanded to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.3% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 28% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sails Exports

Exports in the Middle East

In 2022, the amount of sails exported in the Middle East rose remarkably to X tons, increasing by 6.4% against the previous year's figure. In general, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by 167%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, sails exports expanded notably to $X in 2022. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 98%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) represented the key exporter of sails, generating 67% of total exports. It was distantly followed by Saudi Arabia (X tons), committing a 23% share of total exports. Oman (X tons), the United Arab Emirates (X tons) and Israel (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sails exports from Turkey stood at +11.3%. At the same time, Saudi Arabia (+24.6%), Oman (+15.3%), Israel (+4.3%) and the United Arab Emirates (+4.3%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +24.6% from 2012-2022. While the share of Saudi Arabia (+14 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Israel (-2.9 p.p.), the United Arab Emirates (-3 p.p.) and Turkey (-9.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest sails supplier in the Middle East, comprising 73% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 17% share of total exports. It was followed by Israel, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +14.2%. In the other countries, the average annual rates were as follows: Saudi Arabia (+27.0% per year) and Israel (+7.3% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, picking up by 7.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 an increase of 20% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+2.8%), while the other leaders experienced more modest paces of growth.

Sails Imports

Imports in the Middle East

In 2022, sails imports in the Middle East dropped remarkably to X tons, which is down by -39.3% on 2021. Over the period under review, imports saw a dramatic slump. The pace of growth was the most pronounced in 2018 with an increase of 1,196%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, sails imports shrank to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 135% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) and Israel (X tons) represented the major importers of sails in the Middle East, together making up 63% of total imports. Qatar (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (7.3%) and Yemen (6.8%). The following importers - Oman (X tons) and Turkey (X tons) - each recorded an 8.4% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of +60.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), the United Arab Emirates ($X) and Yemen ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 82% of total imports.

Among the main importing countries, Yemen, with a CAGR of +55.7%, recorded the highest rates of growth with regard to 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

In 2022, the import price in the Middle East amounted to $X per ton, rising by 54% against the previous year. Over the period under review, the import price recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by 849% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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