Middle East: Spun Yarn Market 2021

Spun Yarn Market Size in the Middle East

The Middle Eastern spun yarn market soared to $X in 2019, growing by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the market value increased by X% y-o-y. The level of consumption peaked at $X in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.

Spun Yarn Production in the Middle East

In value terms, spun yarn production fell significantly to $X in 2019 estimated in export prices. In general, production faced a sharp decline. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2013 to 2019, production growth failed to regain the momentum.

Production By Country in the Middle East

Jordan (X kg) constituted the country with the largest volume of spun yarn production, accounting for X% of total volume. Moreover, spun yarn production in Jordan exceeded the figures recorded by the second-largest producer, Bahrain (X kg), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume in Jordan stood at +X%.

Spun Yarn Exports

Exports in the Middle East

In 2019, approx. X tons of yarn spun from silk waste were exported in the Middle East; which is down by -X% on the year before. Overall, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tons in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

In value terms, spun yarn exports fell to $X in 2019. In general, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2012 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2013 to 2019, the growth exports failed to regain the momentum.

Exports by Country

In 2019, the United Arab Emirates (X tons) was the major exporter of yarn spun from silk waste, mixing up X% of total exports. Syrian Arab Republic (X kg) ranks second in terms of the total exports with a X% share, followed by Turkey (X%) and Israel (X%).

From 2007 to 2019, average annual rates of growth with regard to spun yarn exports from the United Arab Emirates stood at -X%. At the same time, Syrian Arab Republic (+X%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2019. By contrast, Israel (-X%) and Turkey (-X%) illustrated a downward trend over the same period. Syrian Arab Republic (+X p.p.) and Israel (+X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2019, the average annual growth rate of value in the United Arab Emirates amounted to -X%. In the other countries, the average annual rates were as follows: Israel (-X% per year) and Turkey (-X% per year).

Export Prices by Country

The spun yarn export price in the Middle East stood at $X per ton in 2019, 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 2017 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Israel ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Israel, while the other leaders experienced a decline in the export price figures.

Spun Yarn Imports

Imports in the Middle East

In 2019, imports of yarn spun from silk waste in the Middle East surged to X tons, jumping by X% on the previous year's figure. Overall, imports, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2009; however, from 2010 to 2019, imports remained at a lower figure.

In value terms, spun yarn imports soared to $X in 2019. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

Iraq was the major importer of yarn spun from silk waste in the Middle East, with the volume of imports resulting at X tons, which was near X% of total imports in 2019. Turkey (X tons) ranks second in terms of the total imports with a X% share, followed by Iran (X%). Syrian Arab Republic (X tons) held a little share of total imports.

From 2007 to 2019, the biggest increases were in Iran, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Iraq ($X) and Iran ($X) constituted the countries with the highest levels of imports in 2019, with a combined X% share of total imports.

In terms of the main importing countries, Iran recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the spun yarn import price in the Middle East amounted to $X per ton, rising by X% against the previous year. Import price indicated modest growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, spun yarn import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2012 when the import price increased by X% y-o-y. Over the period under review, import prices attained the maximum in 2019 and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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