MENA: Silk Fabric Market 2024

Silk Fabric Market Size in MENA

The MENA's silk fabric market expanded sharply to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Silk Fabric Production in MENA

In value terms, silk fabric production totaled $X in 2022 estimated in export price. In general, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Silk Fabric Exports

Exports in MENA

Silk fabric exports soared to X square meters in 2022, surging by X% on the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X square meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, silk fabric exports soared to $X in 2022. In general, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

The United Arab Emirates prevails in exports structure, amounting to X square meters, which was approx. X% of total exports in 2022. Turkey (X square meters) held a little share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the woven fabrics of silk or of silk waste exports, with a CAGR of X% from 2012 to 2022. Turkey (X%) illustrated a downward trend over the same period. The United Arab Emirates (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, the United Arab Emirates ($X) emerged as the largest silk fabric supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

In the United Arab Emirates, silk fabric exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per square meter, picking up by X% against the previous year. In general, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per square meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per square meter), while the United Arab Emirates stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Silk Fabric Imports

Imports in MENA

In 2022, the amount of woven fabrics of silk or of silk waste imported in MENA fell to X square meters, dropping by X% compared with the previous year. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X square meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, silk fabric imports contracted significantly to $X in 2022. In general, imports recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Oman was the main importer of woven fabrics of silk or of silk waste in MENA, with the volume of imports reaching X square meters, which was near X% of total imports in 2022. The United Arab Emirates (X square meters) ranks second in terms of the total imports with a X% share, followed by Turkey (X%), Tunisia (X%), Iraq (X%) and Morocco (X%). Bahrain (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to silk fabric imports into Oman stood at X%. At the same time, Iraq (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Bahrain experienced a relatively flat trend pattern. By contrast, Turkey (X%), Tunisia (X%), Morocco (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Oman (X p.p.), Iraq (X p.p.), Turkey (X p.p.) and Tunisia (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Tunisia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per square meter, with a decrease of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per square meter, and then contracted in the following year.

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 Tunisia ($X per square meter), while Oman ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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