Middle East: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in the Middle East

In 2023, the Middle Eastern non-cotton terry towelling market decreased by X% to $X, falling for the second year in a row after eight years of growth. In general, consumption, however, showed a significant expansion. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Non-Cotton Terry Towelling Production in the Middle East

In value terms, non-cotton terry towelling production fell slightly to $X in 2023 estimated in export price. Over the period under review, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2023, production growth remained at a lower figure.

Non-Cotton Terry Towelling Exports

Exports in the Middle East

In 2023, non-cotton terry towelling exports in the Middle East rose significantly to X square meters, picking up by X% compared with the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X square meters. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, non-cotton terry towelling exports surged to $X in 2023. In general, exports, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Turkey prevails in exports structure, finishing at X square meters, which was approx. X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X square meters) and Iran (X square meters), together making up a X% share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of terry towelling (excluding of cotton). The United Arab Emirates experienced a relatively flat trend pattern. Iran (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest non-cotton terry towelling supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey was relatively modest. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Iran (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per square meter in 2023, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked at $X per square meter in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

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 Turkey ($X per square meter), while Iran ($X per square meter) 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.

Non-Cotton Terry Towelling Imports

Imports in the Middle East

In 2023, approx. X square meters of terry towelling (excluding of cotton) were imported in the Middle East; reducing by X% against 2022 figures. Overall, imports saw a pronounced curtailment. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X square meters. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, non-cotton terry towelling imports shrank dramatically to $X in 2023. Over the period under review, imports recorded a noticeable decline. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, the United Arab Emirates (X square meters) represented the major importer of terry towelling (excluding of cotton), achieving X% of total imports. Saudi Arabia (X square meters) ranks second in terms of the total imports with a X% share, followed by Iran (X%), Lebanon (X%), Bahrain (X%) and Kuwait (X%). Jordan (X square meters) followed a long way behind the leaders.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. At the same time, Bahrain (X%), Kuwait (X%), Iran (X%), Lebanon (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Jordan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Saudi Arabia, Iran, Lebanon, Bahrain and Kuwait increased by X, X, X, X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported terry towelling (excluding of cotton) in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with a X% share of total imports. It was followed by Lebanon, with a X% share.

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

Import Prices by Country

The import price in the Middle East stood at $X per square meter in 2023, surging by X% against the previous year. Over the period under review, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2022 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Iran ($X per square meter), while Bahrain ($X per square meter) 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 a decline in the import price figures.

Source: IndexBox Platform