Middle East: Sewing Needle Market 2020

Sewing Needle Market Size in Middle East

The revenue of the sewing needle market in Middle East amounted to $X in 2017, going up by X% against the previous year. The sewing needle consumption continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2010, with an increase of X% y-o-y. Over the period under review, the sewing needle market reached its peak figure level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Sewing Needle Production in Middle East

In 2017, production of sewing, knitting needles and bodkins of iron or steel in Middle East amounted to X tons, going up by X% against the previous year. The total output volume 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. The pace of growth appeared the most rapid in 2017, when the output figure increased by X% y-o-y. In that year, the sewing needle production reached their peak volume, and is likely to continue its growth in the immediate term.

Sewing Needle Exports in Middle East

In 2017, exports of sewing, knitting needles and bodkins of iron or steel in Middle East amounted to X tons, approximately mirroring the previous year. The sewing needle exports continue to indicate a drastic contraction. The pace of growth appeared the most rapid in 2014, when exports increased by X% year-to-year. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, sewing needle exports stood at $X in 2017. The sewing needle exports continue to indicate a perceptible setback. Over the period under review, the sewing needle exports reached its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Sewing Needle Exports by Country in Middle East

Turkey represented the main exporter of sewing, knitting needles and bodkins of iron or steel in Middle East, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2017. Saudi Arabia (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by the United Arab Emirates (X%), Syrian Arab Republic (X%) and Israel (X%). Yemen (X tons) and Bahrain (X tons) occupied the slight share of total exports.

Exports from Turkey decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Syrian Arab Republic (+X%), Yemen (+X%) and Bahrain (+X%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Saudi Arabia (-X%), Israel (-X%) and the United Arab Emirates (-X%) illustrated a downward trend over the same period. Turkey (X%), the United Arab Emirates (X%), Saudi Arabia (X%) and Israel (X%) significantly strengthened its position in terms of the global exports, while Yemen and Syrian Arab Republic saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest sewing needle supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global exports. It was followed by Israel, with a X% share.

In Turkey, sewing needle exports plunged by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: the United Arab Emirates (-X% per year) and Israel (+X% per year).

Sewing Needle Export Prices by Country in Middle East

In 2017, the sewing needle export price in Middle East amounted to $X per ton, increasing by X% against the previous year. The export price indicated a remarkable growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the sewing needle export price decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2010, when it surged by X% against the previous year. The level of export price peaked of $X per kg in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Israel ($X per kg), while Yemen ($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 Israel (+X% per year), while the other leaders experienced more modest paces of growth.

Sewing Needle Imports in Middle East

In 2017, imports of sewing, knitting needles and bodkins of iron or steel in Middle East stood at X tons, standing approx. at the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. Over the period under review, the sewing needle imports attained its peak figure volume of X tons in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, sewing needle imports stood at $X in 2017. The sewing needle imports continue to indicate a relatively flat trend pattern. Over the period under review, the sewing needle imports reached its maximum level of $X in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Sewing Needle Imports by Country in Middle East

Turkey (X tons) and Iran (X tons) were the major importers of sewing, knitting needles and bodkins of iron or steel in 2017, accounting for approx. X% and X% of total imports, respectively. It was distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Syrian Arab Republic (X tons) and Kuwait (X tons), together generating X% share of total imports. Yemen (X tons) took the minor share of total imports.

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

In value terms, the largest sewing needle markets worldwide were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for X% of total imports. These countries were followed by Iran, Syrian Arab Republic, Kuwait and Yemen, which together accounted for a further X%.

Among the main importing countries , Yemen (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Sewing Needle Import Prices by Country in Middle East

In 2017, the sewing needle import price in Middle East amounted to $X per ton, going up by X% against the previous year. The sewing needle import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015, when it surged by X% y-o-y. Over the period under review, the import prices for sewing, knitting needles and bodkins of iron or steel attained its peak figure level of $X per ton in 2009; however, from 2010 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Saudi Arabia ($X per ton), while Iran ($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 Iran (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform