Middle East: Synthetic Staple Fibre Market 2020

Synthetic Staple Fibre Market Size in Middle East

The revenue of the synthetic staple fibre market in Middle East amounted to $X in 2017, reducing by -X% against the previous year. The synthetic staple fibre consumption continues to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2010, when it surged by X% against the previous year. The level of synthetic staple fibre consumption peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Synthetic Staple Fibre Production in Middle East

In 2017, the amount of synthetic staple fibres produced in Middle East totaled X tons, shrinking by -X% against the previous year. The synthetic staple fibre production continues to indicate an abrupt drop. The most prominent rate of growth was recorded in 2015, with an increase of X% against the previous year. Over the period under review, the synthetic staple fibre production reached its peak figure volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Synthetic Staple Fibre Exports in Middle East

The exports stood at X tons in 2017, dropping by -X% against the previous year. The synthetic staple fibre exports continue to indicate a deep deduction. The growth pace was the most rapid in 2010, with an increase of X% y-o-y. Over the period under review, the synthetic staple fibre exports reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, synthetic staple fibre exports stood at $X in 2017. The synthetic staple fibre exports continue to indicate a deep contraction. Over the period under review, the synthetic staple fibre exports reached its maximum level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Synthetic Staple Fibre Exports by Country in Middle East

Turkey dominates synthetic staple fibre exports structure, reaching X tons, which was approx. X% of total exports in 2017. It was distantly followed by Saudi Arabia (X tons), comprising X% share of total exports.

Exports from Turkey decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. While the share of Turkey (X%) increased significantly in terms of the global exports from 2007-2017, the share of Saudi Arabia (-X%) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest synthetic staple fibre supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global exports.

From 2007 to 2017, the average annual rate of growth in terms of value in Turkey totaled -X%.

Synthetic Staple Fibre Export Prices by Country in Middle East

The synthetic staple fibre export price in Middle East stood at $X per ton in 2017, going up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2012, an increase of X% year-to-year. In that year, the export prices for synthetic staple fibres reached their peak level of $X per ton. From 2013 to 2017, growth of the export prices for synthetic staple fibres stood at a somewhat lower level.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Turkey ($X per ton) and Saudi Arabia ($X per ton), while Saudi Arabia ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Saudi Arabia (+X% per year).

Synthetic Staple Fibre Imports in Middle East

The imports amounted to X tons in 2017, surging by X% against the previous year. The synthetic staple fibre imports continue to indicate an abrupt descent. The pace of growth appeared the most rapid in 2010, with an increase of X% against the previous year. In that year, the synthetic staple fibre imports attained their peak volume of X tons. From 2011 to 2017, growth of the synthetic staple fibre imports stood at a somewhat lower level.

In value terms, synthetic staple fibre imports stood at $X in 2017. The synthetic staple fibre imports continue to indicate a temperate deduction. The level of imports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Synthetic Staple Fibre Imports by Country in Middle East

Turkey represented the largest importing country with an import of about X tons, which amounted to X% of total imports. Syrian Arab Republic (X tons) occupied the second position in the ranking, distantly followed by Iran (X tons), Saudi Arabia (X tons) and Jordan (X tons). All these countries together took near X% share of total imports.

Turkey was also the fastest growing in terms of the synthetic staple fibres imports, with a CAGR of +X% from 2007 to 2017. At the same time, Saudi Arabia (+X%) and Jordan (+X%) displayed positive paces of growth. By contrast, Syrian Arab Republic (-X%) and Iran (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Iran and Syrian Arab Republic increased by X% and X% percentage points, while Saudi Arabia (-X%) and Turkey (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported synthetic staple fibres in Middle East, making up X% of global imports. The second position in the ranking was occupied by Syrian Arab Republic ($X), with a X% share of global imports. It was followed by Saudi Arabia, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Turkey stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Syrian Arab Republic (-X% per year) and Saudi Arabia (+X% per year).

Synthetic Staple Fibre Import Prices by Country in Middle East

The synthetic staple fibre import price in Middle East stood at $X per ton in 2017, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011, when the import prices increased by X% against the previous year. Over the period under review, the import prices for synthetic staple fibres reached its maximum level of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Turkey ($X per ton), while Jordan ($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 Syrian Arab Republic (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform