MENA: Embroidery Market 2024

Embroidery Market Size in MENA

The MENA's embroidery market fell remarkably to $X in 2022, dropping by X% against the previous year. In general, consumption, however, saw a strong expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Embroidery Production in MENA

In value terms, embroidery production shrank dramatically to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Embroidery Exports

Exports in MENA

In 2022, embroidery exports in MENA surged to X tons, picking up by X% against the year before. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 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 immediate term.

In value terms, embroidery exports rose markedly to $X in 2022. Total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2022.

Exports by Country

In 2022, Turkey (X tons) represented the key exporter of embroidery (without visible ground) in the piece, mixing up X% of total exports. It was distantly followed by the United Arab Emirates (X tons), constituting a X% share of total exports. Morocco (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to embroidery exports from Turkey stood at X%. At the same time, Morocco (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. While the share of Turkey (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

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

In Turkey, embroidery exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced a decline in the export price figures.

Embroidery Imports

Imports in MENA

In 2022, purchases abroad of embroidery (without visible ground) in the piece decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. In general, imports, however, recorded perceptible growth. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, embroidery imports declined remarkably to $X in 2022. Overall, imports, however, posted a mild increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) represented the largest importer of embroidery (without visible ground) in the piece, committing X% of total imports. Morocco (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons). All these countries together held approx. X% share of total imports. The following importers - Syrian Arab Republic (X tons), Algeria (X tons), Egypt (X tons) and Yemen (X tons) - each accounted for an X% share of total imports.

Turkey was also the fastest-growing in terms of the embroidery (without visible ground) in the piece imports, with a CAGR of X% from 2012 to 2022. At the same time, Morocco (X%), Syrian Arab Republic (X%), Yemen (X%) and Algeria (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) and Egypt (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Morocco (X p.p.), Syrian Arab Republic (X p.p.) and Yemen (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Egypt saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported embroidery (without visible ground) in the piece in MENA, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price saw a noticeable setback. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform