MENA: Market for Silk Shawls And Scarves 2024

Market Size for Silk Shawls And Scarves in MENA

The MENA's silk shawl and scarf market dropped dramatically to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption showed a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Silk Shawls And Scarves in MENA

In value terms, silk shawl and scarf production fell to $X in 2022 estimated in export price. Overall, production showed a dramatic descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Silk Shawls And Scarves

Exports in MENA

In 2022, after three years of growth, there was significant decline in overseas shipments of silk shawls and scarves, when their volume decreased by X% to X units. Over the period under review, exports saw a mild setback. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, silk shawl and scarf exports shrank sharply to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Tunisia represented the major exporting country with an export of around X units, which finished at X% of total exports. It was distantly followed by Turkey (X units), achieving a X% share of total exports. The United Arab Emirates (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to silk shawl and scarf exports from Tunisia stood at X%. At the same time, Turkey (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Tunisia (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Tunisia ($X) remains the largest silk shawl and scarf supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Tunisia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, 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 Silk Shawls And Scarves

Imports in MENA

In 2022, supplies from abroad of silk shawls and scarves increased by X% to X units, rising for the second consecutive year after six years of decline. In general, imports, however, showed a abrupt downturn. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, silk shawl and scarf imports soared to $X in 2022. Overall, imports, however, continue to indicate a noticeable decline. 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 hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of silk shawl and scarf imports in 2022 were the United Arab Emirates (X units), Yemen (X units) and Iraq (X units), together resulting at X% of total import. Saudi Arabia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%), Turkey (X%) and Qatar (X%).

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported silk shawls and scarves in MENA, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

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

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price enjoyed prominent growth. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, 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

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