United Arab Emirates: Silk Fabric Market 2024

Silk Fabric Market Size in the United Arab Emirates

The silk fabric market in the United Arab Emirates fell significantly to $X in 2022, which is down by X% against the previous year. In general, consumption, however, posted a strong expansion. Silk fabric consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Silk Fabric Production in the United Arab Emirates

In value terms, silk fabric production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Silk Fabric Exports

Exports from the United Arab Emirates

In 2022, after four years of decline, there was significant growth in shipments abroad of woven fabrics of silk or of silk waste, when their volume increased by X% to X square meters. Over the period under review, exports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X square meters in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, silk fabric exports surged to $X in 2022. Overall, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Oman (X square meters), Iraq (X square meters) and Jordan (X square meters) were the main destinations of silk fabric exports from the United Arab Emirates, together accounting for X% of total exports. Guinea, Egypt and Qatar lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guinea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X) emerged as the key foreign market for woven fabrics of silk or of silk waste exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with an X% share of total exports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average silk fabric export price amounted to $X per square meter, jumping by X% against the previous year. Overall, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per square meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per square meter), while the average price for exports to Egypt ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Silk Fabric Imports

Imports into the United Arab Emirates

Silk fabric imports into the United Arab Emirates contracted remarkably to X square meters in 2022, dropping by X% against the previous year. Over the period under review, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X square meters in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, silk fabric imports declined markedly to $X in 2022. Overall, imports recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of silk fabric to the United Arab Emirates, with a X% share of total imports. Moreover, silk fabric imports from China exceeded the figures recorded by the second-largest supplier, Italy (X square meters), threefold. India (X square meters) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and India (X% per year).

In value terms, the largest silk fabric suppliers to the United Arab Emirates were Italy ($X), India ($X) and China ($X), together accounting for X% of total imports. The UK, South Korea, Spain and Turkey lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2022, with a decrease of X% against the previous year. Overall, the import price showed a noticeable descent. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter, and then fell significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per square meter), while the price for Turkey ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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