Middle East: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in the Middle East

The Middle Eastern narrow woven fabric market stood at $X in 2023, growing by X% against the previous year. Overall, consumption enjoyed strong growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Narrow Woven Fabric Production in the Middle East

In value terms, narrow woven fabric production rose notably to $X in 2023 estimated in export price. Over the period under review, production enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Narrow Woven Fabric Exports

Exports in the Middle East

In 2023, shipments abroad of narrow woven fabrics decreased by X% to X tons, falling for the second consecutive year after five years of growth. Total exports indicated a tangible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, narrow woven fabric exports contracted to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Turkey prevails in exports structure, resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X tons), mixing up a X% share of total exports.

Turkey was also the fastest-growing in terms of the narrow woven fabrics exports, with a CAGR of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Turkey stood at X%.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, growing by X% against the previous year. Overall, the export price, however, saw a slight downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Narrow Woven Fabric Imports

Imports in the Middle East

After two years of growth, supplies from abroad of narrow woven fabrics decreased by X% to X tons in 2023. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, narrow woven fabric imports fell to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

Turkey represented the main importer of narrow woven fabrics in the Middle East, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. It was distantly followed by the United Arab Emirates (X tons), Jordan (X tons), Iran (X tons) and Iraq (X tons), together generating a X% share of total imports. The following importers - Saudi Arabia (X tons), Yemen (X tons) and Kuwait (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to narrow woven fabric imports into Turkey stood at X%. At the same time, Jordan (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. Yemen and the United Arab Emirates experienced a relatively flat trend pattern. By contrast, Iran (X%), Kuwait (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Jordan (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Iran (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported narrow woven fabrics in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Jordan ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: Jordan (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2023, declining by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Jordan ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform