MENA: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in MENA

The MENA's market for machines for preparing, weaving and knitting textiles was finally on the rise to reach $X in 2023, after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Production of Machines For Preparing, Weaving And Knitting Textiles in MENA

In value terms, textile weaving and knitting machinery production expanded significantly to $X in 2023 estimated in export price. In general, production recorded prominent growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports in MENA

After two years of growth, overseas shipments of machines for preparing, weaving and knitting textiles decreased by X% to X units in 2023. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2022, and then shrank remarkably in the following year.

In value terms, textile weaving and knitting machinery exports soared to $X in 2023. Overall, exports, however, posted a strong increase. The pace of growth was the most pronounced 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 remained at a lower figure.

Exports by Country

In 2023, Turkey (X units) represented the main exporter of machines for preparing, weaving and knitting textiles, comprising X% of total exports. The United Arab Emirates (X units) ranks second in terms of the total exports with a X% share, followed by Jordan (X%) and Iraq (X%). Morocco (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to textile weaving and knitting machinery exports from Turkey stood at X%. At the same time, Jordan (X%), Iraq (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. Morocco experienced a relatively flat trend pattern. While the share of the United Arab Emirates (X p.p.), Iraq (X p.p.) and Jordan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Turkey (X p.p.) and Morocco (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest textile weaving and knitting machinery supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Iraq, 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: the United Arab Emirates (X% per year) and Iraq (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price, however, recorded a pronounced setback. The level of export peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

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 ($X per unit), while Jordan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports in MENA

In 2023, textile weaving and knitting machinery imports in MENA contracted notably to X units, with a decrease of X% on 2022 figures. Total imports indicated a temperate 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, imports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, textile weaving and knitting machinery imports declined to $X in 2023. Total imports indicated slight growth from 2012 to 2023: its value 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Turkey (X units) and the United Arab Emirates (X units) represented the key importers of machines for preparing, weaving and knitting textiles in 2023, recording approx. X% and X% of total imports, respectively. Egypt (X units) ranks next in terms of the total imports with a X% share, followed by Iran (X%), Morocco (X%) and Algeria (X%). The following importers - Iraq (X units) and Tunisia (X units) - each resulted at a X% share of total imports.

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

In value terms, Turkey ($X) constitutes the largest market for imported machines for preparing, weaving and knitting textiles in MENA, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Iran, with an X% share.

In Turkey, textile weaving and knitting machinery imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Iraq ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform