Middle East: Silk Yarn Market 2021

Silk Yarn Market Size in the Middle East

In 2019, the Middle Eastern silk yarn market decreased by -X% to $X, falling for the fifth consecutive year after six years of growth. In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. The level of consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Silk Yarn Production in the Middle East

In value terms, silk yarn production fell slightly to $X in 2019 estimated in export prices. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2019, production failed to regain the momentum.

Production By Country in the Middle East

The countries with the highest volumes of silk yarn production in 2019 were Turkey (X tons), Iran (X tons) and Saudi Arabia (X tons), together comprising X% of total production. Iraq, Syrian Arab Republic, Israel, Yemen and Lebanon lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of silk yarn production, amongst the leading producing countries, was attained by Lebanon, while silk yarn production for the other leaders experienced mixed trends in the production figures.

Silk Yarn Exports

Exports in the Middle East

In 2019, exports of silk yarn in the Middle East contracted to X tons, falling by -X% on 2018. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, silk yarn exports contracted to $X in 2019. In general, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2012 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Turkey prevails in silk yarn exports structure, accounting for X tons, which was near X% of total exports in 2019. It was distantly followed by the United Arab Emirates (X kg), mixing up a X% share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of silk yarn. At the same time, the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2019. From 2007 to 2019, the share of the United Arab Emirates increased by +X% percentage points, while Turkey (-X p.p.) saw their share reduced.

In value terms, Turkey ($X) remains the largest silk yarn supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value in Turkey amounted to -X%.

Export Prices by Country

The silk yarn export price in the Middle East stood at $X per ton in 2019, falling by -X% against the previous year. Overall, the export price showed a drastic downturn. The growth pace was the most rapid in 2012 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Turkey.

Silk Yarn Imports

Imports in the Middle East

In 2019, overseas purchases of silk yarn decreased by -X% to X tons, falling for the fifth consecutive year after two years of growth. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. The volume of import peaked at X tons in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, silk yarn imports declined sharply to $X in 2019. Over the period under review, imports showed a deep setback. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Turkey (X tons), distantly followed by Syrian Arab Republic (X tons), Iran (X tons), the United Arab Emirates (X tons), Kuwait (X tons), Jordan (X tons) and Iraq (X tons) represented the major importers of silk yarn, together creating X% of total imports.

From 2007 to 2019, the biggest increases were in Jordan, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iran ($X) were the countries with the highest levels of imports in 2019, together comprising X% of total imports. These countries were followed by Syrian Arab Republic, Iraq, Jordan and Kuwait, which together accounted for a further X recorded the highest rates of growth with regard to the value of imports, in terms of 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 2019, the silk yarn import price in the Middle East amounted to $X per ton, dropping by -X% against the previous year. Import price indicated measured growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 when the import price increased by X% year-to-year. Over the period under review, import prices attained the maximum at $X per ton in 2018, and then dropped remarkably in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Iraq, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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