United Arab Emirates: Silk Yarn Market 2021

Silk Yarn Market Size in the United Arab Emirates

In 2019, the silk yarn market in the United Arab Emirates decreased by -X% to $X, falling for the fifth year in a row after five years of growth. Overall, consumption, however, continues to indicate a noticeable descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2015 to 2019, the growth of the market failed to regain the momentum.

Silk Yarn Production in the United Arab Emirates

In value terms, silk yarn production fell to $X in 2019 estimated in export prices. Over the period under review, production, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Silk Yarn Exports

Exports from the United Arab Emirates

In 2019, shipments abroad of silk yarn increased by X% to X kg, rising for the third year in a row after two years of decline. Over the period under review, exports posted a strong expansion. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tons in 2010; however, from 2011 to 2019, exports stood at a somewhat lower figure.

In value terms, silk yarn exports amounted to $X in 2019. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Iraq (X kg) was the main destination for silk yarn exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, silk yarn exports to Iraq exceeded the volume sent to the second major destination, Iran (X kg), fourfold.

From 2007 to 2019, the average annual growth rate of volume to Iraq amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+X% per year) and Azerbaijan (X% per year).

In value terms, Iran ($X) remains the key foreign market for silk yarn exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was occupied by Iraq ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Iran stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-X% per year) and Azerbaijan (X% per year).

Export Prices by Country

In 2019, the average silk yarn export price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. From 2014 to 2019, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Iran, while the prices for the other major destinations experienced mixed trend patterns.

Silk Yarn Imports

Imports into the United Arab Emirates

In 2019, overseas purchases of silk yarn increased by X% to X tons for the first time since 2016, thus ending a two-year declining trend. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

In value terms, silk yarn imports skyrocketed to $X in 2019. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Imports peaked at $X in 2009; however, from 2010 to 2019, imports remained at a lower figure.

Imports by Country

China (X tons), Egypt (X kg) and Turkey (X kg) were the main suppliers of silk yarn imports to the United Arab Emirates, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in Egypt (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constituted the largest supplier of silk yarn to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Egypt amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and India (+X% per year).

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2019, falling by -X% against the previous year. In general, the import price, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2019, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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