MENA: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in MENA

The MENA's man-made filament fabric market shrank to $X in 2022, with a decrease of X% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Man-Made Filament Fabric Production in MENA

In value terms, man-made filament fabric production contracted significantly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a tangible increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Man-Made Filament Fabric Exports

Exports in MENA

In 2022, overseas shipments of woven fabrics of man-made filaments and staple fibers increased by X% to X square meters, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 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 gradual growth in the immediate term.

In value terms, man-made filament fabric exports rose significantly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, Turkey (X square meters) was the major exporter of woven fabrics of man-made filaments and staple fibers, generating X% of total exports. It was distantly followed by Saudi Arabia (X square meters), Egypt (X square meters) and the United Arab Emirates (X square meters), together mixing up a X% share of total exports. Iran (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to man-made filament fabric exports from Turkey stood at X%. At the same time, Egypt (X%), Saudi Arabia (X%) and Iran (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. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia, Egypt and Turkey increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Turkey was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per square meter, picking up by X% against the previous year. In general, the export price, however, saw a noticeable decline. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2014 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 Turkey ($X per square meter), while Iran ($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 the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Man-Made Filament Fabric Imports

Imports in MENA

Man-made filament fabric imports amounted to X square meters in 2022, increasing by X% compared with the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, man-made filament fabric imports shrank to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the twelve major importers of woven fabrics of man-made filaments and staple fibers, namely the United Arab Emirates, Morocco, Egypt, Turkey, Iraq, Iran, Algeria, Yemen, Tunisia, Jordan, Djibouti and Israel, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest man-made filament fabric importing markets in MENA were Morocco ($X), the United Arab Emirates ($X) and Turkey ($X), together accounting for X% of total imports.

Among the main importing countries, Morocco, with a CAGR of X%, saw the highest growth rate of 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

The import price in MENA stood at $X per square meter in 2022, declining by X% against the previous year. Overall, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per square meter), while Algeria ($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 Jordan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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