MENA: Silk Yarn Market 2024

Silk Yarn Market Size in MENA

The MENA's silk yarn market was estimated at $X in 2023, approximately mirroring the previous year. In general, consumption, however, saw a deep reduction. The pace of growth appeared the most rapid in 2021 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Silk Yarn Production in MENA

In value terms, silk yarn production stood at $X in 2023 estimated in export price. Over the period under review, production, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

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Silk Yarn Exports

Exports in MENA

In 2023, exports of silk yarn and yarn spun from silk waste in MENA fell sharply to X tons, shrinking by X% compared with the previous year's figure. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, silk yarn exports declined significantly to $X in 2023. In general, exports showed a deep reduction. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Tunisia (X tons) and Turkey (X tons) dominates exports structure, together comprising X% of total exports. It was distantly followed by Oman (X tons) and Egypt (X tons), together mixing up a X% share of total exports. The United Arab Emirates (X tons) took a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Tunisia ($X) remains the largest silk yarn supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Turkey, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Tunisia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price saw modest growth. The pace of growth was the most pronounced in 2015 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Oman ($X per ton) 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 a decline in the export price figures.

Silk Yarn Imports

Imports in MENA

After two years of growth, overseas purchases of silk yarn and yarn spun from silk waste decreased by X% to X tons in 2023. Over the period under review, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, silk yarn imports fell modestly to $X in 2023. Overall, imports saw a slight decrease. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Iraq (X tons) and Turkey (X tons) represented roughly X% of total imports in 2023. Djibouti (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Tunisia (X%), Morocco (X%) and Syrian Arab Republic (X%). Algeria (X tons) held a minor share of total imports.

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

In value terms, Turkey ($X) constitutes the largest market for imported silk yarn and yarn spun from silk waste in MENA, comprising X% of total imports. The second position in the ranking was taken by Iraq ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

In Turkey, silk yarn imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (X% per year) and Morocco (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform