MENA: Cotton Fabric Market 2024

Cotton Fabric Market Size in MENA

The MENA's cotton fabric market stood at $X in 2023, almost unchanged from the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Cotton Fabric Production in MENA

In value terms, cotton fabric production expanded markedly to $X in 2023 estimated in export price. Overall, production recorded prominent growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Cotton Fabric Exports

Exports in MENA

In 2023, the amount of woven fabrics of cotton exported in MENA declined to X square meters, shrinking by X% on the year before. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X square meters. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, cotton fabric exports reduced to $X in 2023. Overall, exports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Turkey represented the main exporting country with an export of around X square meters, which accounted for X% of total exports. It was distantly followed by Egypt (X square meters), constituting a X% share of total exports. The following exporters - Tunisia (X square meters), Bahrain (X square meters), Morocco (X square meters) and the United Arab Emirates (X square meters) - together made up X% of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of woven fabrics of cotton. At the same time, Egypt (X%) and Tunisia (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. By contrast, Bahrain (X%), Morocco (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Egypt (X p.p.) and Turkey (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 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, cotton fabric exports plunged by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per square meter, reducing by X% against the previous year. In general, the export price showed a noticeable setback. The growth pace was the most rapid in 2022 an increase of X%. The level of export peaked at $X per square meter in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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 Morocco ($X per square meter), while the United Arab Emirates ($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 the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Cotton Fabric Imports

Imports in MENA

In 2023, imports of woven fabrics of cotton in MENA dropped to X square meters, which is down by X% compared with the previous year. Overall, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X square meters in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, cotton fabric imports dropped to $X in 2023. Over the period under review, imports showed a slight slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of cotton fabric imports in 2023 were Turkey (X square meters), Morocco (X square meters) and Tunisia (X square meters), together recording X% of total import. The United Arab Emirates (X square meters) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Egypt (X%). Iran (X square meters), Jordan (X square meters), Djibouti (X square meters), Lebanon (X square meters), Algeria (X square meters) and Iraq (X square meters) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Djibouti (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton fabric importing markets in MENA were Tunisia ($X), Morocco ($X) and Turkey ($X), with a combined X% share of total imports. The United Arab Emirates, Egypt, Jordan, Iran, Djibouti, Lebanon, Algeria and Iraq lagged somewhat behind, together accounting for a further X%.

Djibouti, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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, standing approx. at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Tunisia ($X per square meter), while Iran ($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 Djibouti (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform