Middle East: Women Knitwear Market 2024

Women Knitwear Market Size in the Middle East

The Middle Eastern women knitwear market surged to $X in 2022, with an increase of 27% against the previous year. Over the period under review, consumption recorded resilient growth. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Women Knitwear Production in the Middle East

In value terms, women knitwear production fell to $X in 2022 estimated in export price. Over the period under review, production showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 64%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Women Knitwear Exports

Exports in the Middle East

Women knitwear exports dropped to X units in 2022, with a decrease of -8.6% on the previous year's figure. The total export volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 23%. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, women knitwear exports declined to $X in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Turkey prevails in exports structure, accounting for X units, which was near 97% of total exports in 2022. The United Arab Emirates (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to women knitwear exports from Turkey stood at +4.2%. At the same time, the United Arab Emirates (+5.0%) 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 +5.0% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest women knitwear supplier in the Middle East, comprising 95% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +2.4%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, standing approx. at the previous year. In general, the export price showed a slight setback. The most prominent rate of growth was recorded in 2013 an increase of 6.8% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-1.8%).

Women Knitwear Imports

Imports in the Middle East

In 2022, women knitwear imports in the Middle East rose to X units, picking up by 3.6% on the previous year. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 62% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, women knitwear imports declined to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the key importer of women's or girls' clothing (knitted or crocheted) in the Middle East, with the volume of imports amounting to X units, which was near 54% of total imports in 2022. Iraq (X units) took the second position in the ranking, distantly followed by Yemen (X units), Israel (X units) and Turkey (X units). All these countries together took near 39% share of total imports. Kuwait (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates decreased at an average annual rate of -2.9% from 2012 to 2022. At the same time, Iraq (+15.5%), Turkey (+9.8%), Yemen (+2.7%) and Israel (+1.2%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +15.5% from 2012-2022. By contrast, Kuwait (-3.8%) illustrated a downward trend over the same period. Iraq (+14 p.p.), Turkey (+3.1 p.p.) and Yemen (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -15.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported women's or girls' clothing (knitted or crocheted) in the Middle East, comprising 42% of total imports. The second position in the ranking was taken by Israel ($X), with a 9.6% share of total imports. It was followed by Iraq, with a 9.3% share.

In the United Arab Emirates, women knitwear imports plunged by an average annual rate of -4.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+7.2% per year) and Iraq (+10.2% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, waning by -7.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by 46% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Kuwait ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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