Middle East: Market for Cotton (Carded Or Combed) 2024

Market Size for Cotton (Carded Or Combed) in the Middle East

The Middle Eastern cotton (carded or combed) market dropped to $X in 2022, falling by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Production of Cotton (Carded Or Combed) in the Middle East

In value terms, cotton (carded or combed) production fell dramatically to $X in 2022 estimated in export price. In general, production, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Cotton (Carded Or Combed)

Exports in the Middle East

After two years of growth, overseas shipments of cotton (carded or combed) decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cotton (carded or combed) exports contracted slightly to $X in 2022. In general, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey represented the major exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total exports. Palestine (X tons) held a little share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Palestine (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates and Palestine increased by X and X percentage points, respectively.

In value terms, the largest cotton (carded or combed) supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Palestine ($X), with a combined X% share of total exports.

The United Arab Emirates, 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 the Middle East stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price 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, cotton (carded or combed) export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Palestine ($X per ton), while Turkey ($X per ton) 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 mixed trends in the export price figures.

Imports of Cotton (Carded Or Combed)

Imports in the Middle East

After two years of decline, supplies from abroad of cotton (carded or combed) increased by X% to X tons in 2022. Overall, imports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton (carded or combed) imports surged to $X in 2022. In general, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Israel represented the major importing country with an import of around X tons, which accounted for X% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with an X% share, followed by Turkey (X%), Jordan (X%) and Lebanon (X%). Iran (X tons) and Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cotton (carded or combed) imports into Israel stood at X%. At the same time, Turkey (X%), Jordan (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Iran experienced a relatively flat trend pattern. By contrast, Lebanon (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Israel (X p.p.), Turkey (X p.p.), Jordan (X p.p.), Lebanon (X p.p.), Iran (X p.p.) and Iraq (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.

In value terms, Israel ($X) constitutes the largest market for imported cotton (carded or combed) in the Middle East, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Israel, cotton (carded or combed) 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: Turkey (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price 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, cotton (carded or combed) import price increased by X% against 2019 indices. The growth pace was the most rapid in 2015 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per ton), while Iraq ($X per ton) 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 mixed trends in the import price figures.

Source: IndexBox Platform

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