MENA: Silk Yarn Market 2023

Silk Yarn Market Size in MENA

After three years of decline, the MENA's silk yarn market increased by 2% to $X in 2021. Over the period under review, consumption, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 2.9% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silk Yarn Production in MENA

In value terms, silk yarn production dropped slightly to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 3.9%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Silk Yarn Exports

Exports in MENA

After two years of decline, shipments abroad of silk yarn and yarn spun from silk waste increased by 37% to X tons in 2021. In general, exports, however, recorded a drastic downturn. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, silk yarn exports fell to $X in 2021. Overall, exports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2014 when exports increased by 7.7% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey was the key exporter of silk yarn and yarn spun from silk waste in MENA, with the volume of exports resulting at X tons, which was approx. 56% of total exports in 2021. Tunisia (X tons) ranks second in terms of the total exports with a 28% share, followed by Oman (7%) and Egypt (5.6%). The United Arab Emirates (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the silk yarn and yarn spun from silk waste exports, with a CAGR of +9.6% from 2012 to 2021. At the same time, the United Arab Emirates (+8.4%) displayed positive paces of growth. By contrast, Oman (-8.3%), Tunisia (-10.0%) and Egypt (-22.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, Oman and the United Arab Emirates increased by +41, +7 and +1.8 percentage points, respectively.

In value terms, Tunisia ($X) remains the largest silk yarn supplier in MENA, comprising 62% of total exports. The second position in the ranking was taken by Egypt ($X), with an 18% share of total exports. It was followed by Turkey, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Tunisia totaled -11.7%. In the other countries, the average annual rates were as follows: Egypt (-16.7% per year) and Turkey (+1.9% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, dropping by -32.4% against the previous year. Over the period under review, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 23%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, 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 Egypt ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+7.2%), while the other leaders experienced a decline in the export price figures.

Silk Yarn Imports

Imports in MENA

In 2021, imports of silk yarn and yarn spun from silk waste in MENA skyrocketed to X tons, growing by 31% compared with the year before. Overall, imports, however, saw a mild slump. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, silk yarn imports skyrocketed to $X in 2021. In general, imports, however, showed a slight curtailment. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons), Iraq (X tons) and Djibouti (X tons) represented the key importer of silk yarn and yarn spun from silk waste in MENA, mixing up 57% of total import. Tunisia (X tons) took the next position in the ranking, followed by Egypt (X tons) and the United Arab Emirates (X tons). All these countries together took near 23% share of total imports. Syrian Arab Republic (X tons), Iran (X tons), Libya (X tons) and Yemen (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Djibouti (with a CAGR of +114.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported silk yarn and yarn spun from silk waste in MENA, comprising 46% of total imports. The second position in the ranking was taken by Iraq ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +8.5%. In the other countries, the average annual rates were as follows: Iraq (-4.8% per year) and the United Arab Emirates (-10.3% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, with an increase of 9.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the import price increased by 15%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :