Middle East: Textile Wadding Market 2022

Textile Wadding Market Size in the Middle East

The Middle Eastern textile wadding market fell slightly to $X in 2021, reducing by -3.6% against the previous year. Overall, consumption, however, posted strong growth. Over the period under review, the market attained the peak level at $X in 2020, and then reduced modestly in the following year.

Textile Wadding Production in the Middle East

In value terms, textile wadding production declined to $X in 2021 estimated in export price. Over the period under review, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Textile Wadding Exports

Exports in the Middle East

In 2021, overseas shipments of wadding of textile materials and articles thereof increased by 2.3% to X tons, rising for the fourth year in a row after three years of decline. The total export volume increased at an average annual rate of +2.3% 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 28% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, textile wadding exports totaled $X in 2021. The total export value increased at an average annual rate of +4.3% over the period 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 17% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

Turkey prevails in exports structure, amounting to X tons, which was approx. 89% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), committing a 5.4% share of total exports. The following exporters - Lebanon (X tons) and Saudi Arabia (X tons) - each finished at a 3.8% share of total exports.

Exports from Turkey increased at an average annual rate of +5.8% from 2012 to 2021. At the same time, Lebanon (+21.0%) and the United Arab Emirates (+1.4%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +21.0% from 2012-2021. By contrast, Saudi Arabia (-14.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey and Lebanon increased by +23 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest textile wadding supplier in the Middle East, comprising 80% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Lebanon, with a 4% share.

In Turkey, textile wadding exports expanded at an average annual rate of +5.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+22.9% per year) and Lebanon (+15.9% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2017 an increase of 15%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+21.2%), while the other leaders experienced mixed trends in the export price figures.

Textile Wadding Imports

Imports in the Middle East

After six years of growth, purchases abroad of wadding of textile materials and articles thereof decreased by -11.1% to X tons in 2021. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 23%. Over the period under review, imports reached the maximum at X tons in 2020, and then shrank in the following year.

In value terms, textile wadding imports contracted to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.8% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of 29%. Over the period under review, imports reached the maximum at $X in 2020, and then shrank in the following year.

Imports by Country

In 2021, Iran (X tons) and Turkey (X tons) were the largest importers of wadding of textile materials and articles thereof in the Middle East, together finishing at approx. 50% of total imports. The United Arab Emirates (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (7.4%), Saudi Arabia (7.2%), Jordan (5.6%) and Lebanon (4.9%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iran (with a CAGR of +21.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest textile wadding importing markets in the Middle East were Turkey ($X), Iran ($X) and the United Arab Emirates ($X), together accounting for 66% of total imports.

Iran, with a CAGR of +25.2%, recorded the highest growth rate of 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

The import price in the Middle East stood at $X per ton in 2021, rising by 9.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2014 when the import price increased by 24%. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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