MENA: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in MENA

In 2023, the MENA's non-cotton terry towelling market decreased by X% to $X, falling for the second year in a row after eight years of growth. Overall, consumption, however, continues to indicate significant growth. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Non-Cotton Terry Towelling Production in MENA

In value terms, non-cotton terry towelling production fell modestly to $X in 2023 estimated in export price. In general, production recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a lower figure.

Non-Cotton Terry Towelling Exports

Exports in MENA

In 2023, the amount of terry towelling (excluding of cotton) exported in MENA skyrocketed to X square meters, increasing by X% against the previous year. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X square meters in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, non-cotton terry towelling exports surged to $X in 2023. Over the period under review, exports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Turkey prevails in exports structure, resulting at X square meters, which was approx. X% of total exports in 2023. It was distantly followed by Egypt (X square meters), the United Arab Emirates (X square meters) and Iran (X square meters), together comprising a X% share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of terry towelling (excluding of cotton). At the same time, Egypt (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Iran (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Egypt and Turkey increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest non-cotton terry towelling supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, non-cotton terry towelling exports remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per square meter in 2023, growing by X% against the previous year. In general, the export price, however, continues to indicate a slight descent. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the export prices hit record highs at $X per square meter in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per square meter), while Iran ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced a decline in the export price figures.

Non-Cotton Terry Towelling Imports

Imports in MENA

After three years of growth, overseas purchases of terry towelling (excluding of cotton) decreased by X% to X square meters in 2023. Overall, imports recorded a pronounced slump. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of X square meters. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, non-cotton terry towelling imports dropped remarkably to $X in 2023. Over the period under review, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X square meters) and Morocco (X square meters) were the largest importers of terry towelling (excluding of cotton) in MENA, together amounting to approx. X% of total imports. Saudi Arabia (X square meters) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Algeria (X%), Iran (X%), Lebanon (X%) and Bahrain (X%).

From 2012 to 2023, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-cotton terry towelling importing markets in MENA were the United Arab Emirates ($X), Morocco ($X) and Iran ($X), together comprising X% of total imports. Lebanon, Saudi Arabia, Algeria and Bahrain lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the import price in MENA amounted to $X per square meter, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a mild downturn. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2022 to 2023, 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 Iran ($X per square meter), while Bahrain ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform