Middle East: Silk Yarn Market 2024

Silk Yarn Market Size in the Middle East

The Middle Eastern silk yarn market totaled $X in 2023, growing by X% against the previous year. Overall, consumption, however, saw a abrupt setback. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Silk Yarn Production in the Middle East

In value terms, silk yarn production rose modestly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a abrupt slump. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

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Silk Yarn Exports

Exports in the Middle East

In 2023, approx. X tons of silk yarn and yarn spun from silk waste were exported in the Middle East; which is down by X% on the previous year's figure. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, silk yarn exports fell significantly to $X in 2023. Overall, exports recorded a deep downturn. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Turkey (X tons) represented the largest exporter of silk yarn and yarn spun from silk waste, generating X% of total exports. It was distantly followed by Oman (X tons), making up a X% share of total exports. The United Arab Emirates (X tons) took a relatively small share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of silk yarn and yarn spun from silk waste. The United Arab Emirates (X%) and Oman (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Oman (X p.p.) displayed negative dynamics.

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

In Turkey, silk yarn exports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, jumping by X% against the previous year. Overall, the export price 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. The level of export peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Silk Yarn Imports

Imports in the Middle East

In 2023, the amount of silk yarn and yarn spun from silk waste imported in the Middle East contracted sharply to X tons, shrinking by X% against the previous year. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, silk yarn imports contracted to $X in 2023. In general, imports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2022 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Iraq (X tons) and Turkey (X tons) prevails in imports structure, together generating X% of total imports. It was distantly followed by Syrian Arab Republic (X tons), creating a X% share of total imports. Yemen (X tons), Bahrain (X tons) and Iran (X tons) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bahrain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual growth rate of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: Iraq (X% per year) and Iran (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per ton, rising by X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, silk yarn import price increased by X% against 2017 indices. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform