Middle East: Textile Wadding Market 2024

Textile Wadding Market Size in the Middle East

In 2023, the Middle Eastern textile wadding market decreased by X% to $X, falling for the second consecutive year after eight years of growth. Over the period under review, consumption, however, saw resilient growth. The level of consumption peaked at $X in 2021; afterwards, it flattened through to 2023.

Textile Wadding Production in the Middle East

In value terms, textile wadding production totaled $X in 2023 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

Textile Wadding Exports

Exports in the Middle East

In 2023, textile wadding exports in the Middle East totaled X tons, with an increase of X% compared with the previous year. Total exports indicated resilient growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2013 indices. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to see gradual growth in the near future.

In value terms, textile wadding exports soared to $X in 2023. Over the period under review, exports continue to indicate prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X tons), creating a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) 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 X% from 2012-2023. Turkey (X p.p.) and the United Arab Emirates (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 ($X) remains the largest textile wadding supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey amounted to $X per ton.

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

Textile Wadding Imports

Imports in the Middle East

Textile wadding imports contracted to X tons in 2023, dropping by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period 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 2022 with an increase of X%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, textile wadding imports contracted to $X in 2023. Over the period under review, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

In 2023, Turkey (X tons), Iran (X tons) and the United Arab Emirates (X tons) represented the key importer of wadding of textile materials and articles thereof in the Middle East, mixing up X% of total import. Iraq (X tons) took the next position in the ranking, followed by Jordan (X tons). All these countries together held near X% share of total imports. Lebanon (X tons), Israel (X tons), Oman (X tons) and Saudi Arabia (X tons) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Iran ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Iraq, Jordan, Israel, Lebanon, Oman and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

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 Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform