Middle East: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in the Middle East

The Middle Eastern man-made filament yarn market soared to $X in 2021, picking up by 31% against the previous year. Over the period under review, consumption continues to indicate buoyant growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Man-Made Filament Yarn Production in the Middle East

In value terms, man-made filament yarn production surged to $X in 2021 estimated in export price. Overall, production saw prominent growth. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Man-Made Filament Yarn Exports

Exports in the Middle East

In 2021, shipments abroad of man-made filament yarn was finally on the rise to reach X tons after four years of decline. In general, exports, however, showed a abrupt downturn. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, man-made filament yarn exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt downturn. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Turkey (X tons) represented the main exporter of man-made filament yarn, generating 82% of total exports. It was distantly followed by the United Arab Emirates (X tons), constituting a 10% share of total exports. The following exporters - Saudi Arabia (X tons) and Jordan (X tons) - together made up 5.2% of total exports.

From 2012 to 2021, average annual rates of growth with regard to man-made filament yarn exports from Turkey stood at -17.5%. The United Arab Emirates experienced a relatively flat trend pattern. Jordan (-13.0%) and Saudi Arabia (-23.7%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+8.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-3.7 p.p.) and Turkey (-6.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest man-made filament yarn supplier in the Middle East, comprising 86% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 5.8% share of total exports. It was followed by Jordan, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at -16.7%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-1.4% per year) and Jordan (-8.6% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, approximately mirroring the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 34%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+5.0%), while the other leaders experienced mixed trends in the export price figures.

Man-Made Filament Yarn Imports

Imports in the Middle East

In 2021, man-made filament yarn imports in the Middle East skyrocketed to X tons, rising by 31% against 2020. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, man-made filament yarn imports soared to $X in 2021. Over the period under review, imports saw slight growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) was the largest importer of man-made filament yarn, generating 75% of total imports. The United Arab Emirates (X tons) took the second position in the ranking, followed by Jordan (X tons). All these countries together held near 18% share of total imports. Iran (X tons) and Syrian Arab Republic (X tons) took a minor share of total imports.

Turkey was also the fastest-growing in terms of the man-made filament yarn imports, with a CAGR of +5.5% from 2012 to 2021. At the same time, the United Arab Emirates (+5.2%) displayed positive paces of growth. By contrast, Jordan (-3.2%), Syrian Arab Republic (-5.9%) and Iran (-9.5%) illustrated a downward trend over the same period. Turkey (+21 p.p.) and the United Arab Emirates (+2.8 p.p.) significantly strengthened its position in terms of the total imports, while Syrian Arab Republic, Jordan and Iran saw its share reduced by -1.8%, -4.3% and -6% from 2012 to 2021, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported man-made filament yarn in the Middle East, comprising 71% of total imports. The second position in the ranking was held by Jordan ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with a 9.3% share.

In Turkey, man-made filament yarn imports increased at an average annual rate of +3.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Jordan (+4.0% per year) and the United Arab Emirates (+3.8% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, increasing by 9.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+7.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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