MENA: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in MENA

The MENA's man-made filament yarn market contracted to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, showed a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Man-Made Filament Yarn Production in MENA

In value terms, man-made filament yarn production shrank remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Man-Made Filament Yarn Exports

Exports in MENA

In 2022, shipments abroad of man-made filament yarn increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports, however, recorded a abrupt shrinkage. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, man-made filament yarn exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a deep contraction. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey was the largest exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Egypt (X tons), committing a X% share of total exports. The United Arab Emirates (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

Exports from Turkey decreased at an average annual rate of X% from 2012 to 2022. At the same time, Saudi Arabia (X%), Egypt (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Egypt (X p.p.), the United Arab Emirates (X p.p.) and Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest man-made filament yarn supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: Egypt (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Turkey ($X per ton) and Egypt ($X per ton), while Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the export price figures.

Man-Made Filament Yarn Imports

Imports in MENA

In 2022, man-made filament yarn imports in MENA shrank notably to X tons, which is down by X% on the previous year's figure. Overall, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, man-made filament yarn imports declined to $X in 2022. Over the period under review, imports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey represented the key importer of man-made filament yarn in MENA, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Egypt (X tons), the United Arab Emirates (X tons), Jordan (X tons), Morocco (X tons) and Iran (X tons), together creating a X% share of total imports. Algeria (X tons) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Morocco (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Iran (X%), Jordan (X%), Algeria (X%) and Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Morocco, the United Arab Emirates, Iran and Jordan increased by X, X, X, X and X percentage points, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported man-made filament yarn in MENA, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Morocco (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, 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

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