United Arab Emirates: Silk Yarn Market 2024

Silk Yarn Market Size in the United Arab Emirates

In 2021, the silk yarn market in the United Arab Emirates increased by 24% to $X, rising for the third year in a row after two years of decline. In general, consumption faced a abrupt curtailment. Silk yarn consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silk Yarn Exports

Exports from the United Arab Emirates

In 2021, exports of silk yarn and yarn spun from silk waste from the United Arab Emirates skyrocketed to X tons, jumping by 78% against the year before. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2018 with an increase of 2,035%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, silk yarn exports surged to $X in 2021. In general, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by 1,388%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Iran (X tons) was the main destination for silk yarn exports from the United Arab Emirates, with a 48% share of total exports. Moreover, silk yarn exports to Iran exceeded the volume sent to the second major destination, Bahrain (X kg), twofold. The third position in this ranking was held by Iraq (X kg), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran stood at +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+238.4% per year) and Iraq (-3.2% per year).

In value terms, Iran ($X) remains the key foreign market for silk yarn and yarn spun from silk waste exports from the United Arab Emirates, comprising 45% of total exports. The second position in the ranking was taken by Iraq ($X), with a 16% share of total exports. It was followed by Pakistan, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Iran amounted to -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-14.4% per year) and Pakistan (-15.8% per year).

Export Prices by Country

In 2021, the average silk yarn export price amounted to $X per ton, picking up by 33% against the previous year. In general, the export price, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2013 an increase of 85%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+83.8%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into the United Arab Emirates

For the fourth consecutive year, the United Arab Emirates recorded growth in supplies from abroad of silk yarn and yarn spun from silk waste, which increased by 3.8% to X tons in 2021. Overall, imports, however, faced a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 83% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, silk yarn imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt decrease. The growth pace was the most rapid in 2019 when imports increased by 91% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Egypt (X tons) constituted the largest silk yarn supplier to the United Arab Emirates, accounting for a 58% share of total imports. Moreover, silk yarn imports from Egypt exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. The third position in this ranking was taken by Uzbekistan (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Egypt amounted to +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-7.3% per year) and Uzbekistan (-2.2% per year).

In value terms, Uzbekistan ($X) constituted the largest supplier of silk yarn and yarn spun from silk waste to the United Arab Emirates, comprising 51% of total imports. The second position in the ranking was held by Egypt ($X), with a 19% share of total imports. It was followed by Thailand, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Uzbekistan totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+15.2% per year) and Thailand (-4.0% per year).

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2021, surging by 58% against the previous year. In general, the import price showed a moderate increase. The growth pace was the most rapid in 2013 when the average import price increased by 61%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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