Middle East: Cotton Yarn Market 2024

Cotton Yarn Market Size in the Middle East

In 2022, the Middle Eastern cotton yarn market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. The total consumption indicated pronounced 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, consumption increased by X% against 2015 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Cotton Yarn Production in the Middle East

In value terms, cotton yarn production shrank significantly to $X in 2022 estimated in export price. The total production indicated notable 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, production increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X, and then reduced rapidly in the following year.

Cotton Yarn Exports

Exports in the Middle East

In 2022, the amount of cotton yarn exported in the Middle East shrank markedly to X tons, declining by X% compared with the previous year's figure. Total exports indicated a temperate increase 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, cotton yarn exports contracted to $X in 2022. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Turkey dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. Oman (X tons) and Syrian Arab Republic (X tons) took 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, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Syrian Arab Republic (X%) illustrated a downward trend over the same period. Oman (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Syrian Arab Republic saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest cotton yarn supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (X% per year) and Syrian Arab Republic (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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

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

Cotton Yarn Imports

Imports in the Middle East

In 2022, cotton yarn imports in the Middle East amounted to X tons, picking up by X% compared with the previous year's figure. Total imports indicated buoyant growth 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, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, cotton yarn imports skyrocketed to $X in 2022. In general, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Turkey prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Iran (X tons), achieving a X% share of total imports. Israel (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the cotton yarn imports, with a CAGR of X% from 2012 to 2022. At the same time, Iran (X%) displayed positive paces of growth. By contrast, Israel (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported cotton yarn in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with a X% share of total imports.

In Turkey, cotton yarn imports expanded at 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: Iran (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual 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 Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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