MENA: Sisal Binder Market 2024

Sisal Binder Market Size in MENA

The MENA's sisal binder market amounted to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Sisal Binder Production in MENA

In value terms, sisal binder production expanded notably to $X in 2022 estimated in export price. The total production indicated a resilient expansion 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded 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 remained at a lower figure.

Sisal Binder Exports

Exports in MENA

In 2022, overseas shipments of sisal binder or baler (agricultural) twines decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, sisal binder exports totaled $X in 2022. In general, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Iran (X tons) represented the largest exporter of sisal binder or baler (agricultural) twines, making up X% of total exports. It was distantly followed by Egypt (X tons) and Turkey (X tons), together committing a X% share of total exports. The following exporters - Oman (X tons) and Saudi Arabia (X tons) - each recorded a X% share of total exports.

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

In value terms, Iran ($X) remains the largest sisal binder supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In Iran, sisal binder exports increased 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: Egypt (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, stabilizing at the previous year. Overall, the export price, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Sisal Binder Imports

Imports in MENA

In 2022, approx. X tons of sisal binder or baler (agricultural) twines were imported in MENA; rising by X% on the previous year. In general, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sisal binder imports skyrocketed to $X in 2022. Overall, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the main importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Egypt (X tons), Turkey (X tons), Lebanon (X tons), Oman (X tons), Yemen (X tons), Libya (X tons) and Syrian Arab Republic (X tons), together comprising a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sisal binder imports into the United Arab Emirates stood at X%. At the same time, Syrian Arab Republic (X%), Libya (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Yemen (X%), Egypt (X%), Turkey (X%) and Oman (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Egypt (X p.p.), Lebanon (X p.p.), Libya (X p.p.), Turkey (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 Oman saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sisal binder or baler (agricultural) twines in MENA, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Turkey, with an X% share.

In the United Arab Emirates, sisal binder imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Oman ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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