Middle East: Silk Fabric Market 2024

Silk Fabric Market Size in the Middle East

The Middle Eastern silk fabric market expanded remarkably to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption enjoyed strong growth. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Silk Fabric Production in the Middle East

In value terms, silk fabric production totaled $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Silk Fabric Exports

Exports in the Middle East

In 2022, the amount of woven fabrics of silk or of silk waste exported in the Middle East skyrocketed to X square meters, with an increase of X% compared with 2021. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, silk fabric exports soared to $X in 2022. Overall, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X square meters, which was near X% of total exports in 2022. Turkey (X square meters) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the woven fabrics of silk or of silk waste exports, with a CAGR of X% from 2012 to 2022. Turkey (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively.

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

In the United Arab Emirates, silk fabric exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per square meter, growing by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2015 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per square meter in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per square meter), while the United Arab Emirates stood at $X per square meter.

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

Silk Fabric Imports

Imports in the Middle East

Silk fabric imports contracted rapidly to X square meters in 2022, dropping by X% compared with the previous year. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X square meters in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, silk fabric imports dropped remarkably to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Oman represented the main importer of woven fabrics of silk or of silk waste in the Middle East, with the volume of imports recording X square meters, which was near X% of total imports in 2022. The United Arab Emirates (X square meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%) and Iraq (X%). Bahrain (X square meters) followed a long way behind the leaders.

Imports into Oman decreased at an average annual rate of X% from 2012 to 2022. At the same time, Iraq (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Bahrain experienced a relatively flat trend pattern. By contrast, Turkey (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman, Iraq and Turkey increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silk fabric importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Iraq ($X), together accounting for X% of total imports. Oman and Bahrain lagged somewhat behind, together comprising a further X%.

Bahrain, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per square meter in 2022, waning by X% against the previous year. In general, the import price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per square meter, and then declined remarkably in the following year.

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 Turkey ($X per square meter), while Oman ($X per square meter) 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 mixed trends in the import price figures.

Source: IndexBox Platform

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