Middle East: Metallised Yarn Market 2024

Metallised Yarn Market Size in the Middle East

In 2022, the Middle Eastern metallised yarn market decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption recorded a noticeable decline. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Metallised Yarn Production in the Middle East

In value terms, metallised yarn production shrank to $X in 2022 estimated in export price. Overall, production, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Metallised Yarn Exports

Exports in the Middle East

In 2022, overseas shipments of metallised yarn and strip increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted strong growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, metallised yarn exports surged to $X in 2022. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Turkey dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. The United Arab Emirates (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the metallised yarn and strip exports, with a CAGR of X% from 2012 to 2022. The United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest metallised yarn supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($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%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey stood at $X per ton.

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

Metallised Yarn Imports

Imports in the Middle East

In 2022, supplies from abroad of metallised yarn and strip decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, metallised yarn imports shrank rapidly to $X in 2022. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons) and Iran (X tons) represented roughly X% of total imports in 2022. The United Arab Emirates (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Oman (X%), Yemen (X%) and Syrian Arab Republic (X%). Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Yemen (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value in Turkey totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Iran (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, 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 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 ($X per ton), while Oman ($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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