MENA: Sewing Thread Market 2024

Sewing Thread Market Size in MENA

The MENA's sewing thread market shrank to $X in 2022, dropping by X% against the previous year. In general, consumption showed a mild setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Sewing Thread Production in MENA

In value terms, sewing thread production reached $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Sewing Thread Exports

Exports in MENA

Sewing thread exports rose markedly to X tons in 2022, growing by X% on the previous year. Total exports indicated a resilient expansion from 2012 to 2022: its volume 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, exports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, sewing thread exports contracted modestly to $X in 2022. Total exports indicated buoyant growth 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, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

In 2022, Turkey (X tons) and Egypt (X tons) were the main exporters of sewing thread of man-made filaments or staple fibers in MENA, together recording near X% of total exports. Israel (X tons) ranks next in terms of the total exports with a X% share, followed by Oman (X%). The following exporters - Jordan (X tons), Tunisia (X tons) and Saudi Arabia (X tons) - together made up X% of total exports.

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

In value terms, the largest sewing thread supplying countries in MENA were Egypt ($X), Turkey ($X) and Oman ($X), together comprising X% of total exports.

Oman, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a mild descent. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Jordan ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Sewing Thread Imports

Imports in MENA

In 2022, sewing thread imports in MENA dropped to X tons, falling by X% against the previous year's figure. Overall, imports continue to indicate a perceptible curtailment. 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 2022, the growth of imports remained at a lower figure.

In value terms, sewing thread imports shrank to $X in 2022. In general, imports recorded a mild contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Turkey represented the major importer of sewing thread of man-made filaments or staple fibers in MENA, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Morocco (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons), Tunisia (X tons), Iran (X tons), Jordan (X tons) and Iraq (X tons). All these countries together held approx. X% share of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of sewing thread of man-made filaments or staple fibers. At the same time, Iraq (X%), Jordan (X%), Tunisia (X%) and Morocco (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. By contrast, Iran (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Iraq, Morocco, Tunisia and Jordan increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported sewing thread of man-made filaments or staple fibers in MENA, comprising X% of total imports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total imports. It was followed by Jordan, with a X% share.

In Turkey, sewing thread imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Tunisia (X% per year) and Jordan (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, 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 pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain 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 Jordan ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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