Middle East: Artificial Staple Fibre Market 2024

Artificial Staple Fibre Market Size in the Middle East

In 2022, after two years of growth, there was significant decline in the Middle Eastern artificial staple fibre market, when its value decreased by X% to $X. Overall, consumption, however, saw strong growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Artificial Staple Fibre Production in the Middle East

In value terms, artificial staple fibre production dropped notably to $X in 2022 estimated in export price. In general, production, however, showed prominent growth. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Artificial Staple Fibre Exports

Exports in the Middle East

Artificial staple fibre exports fell rapidly to X tons in 2022, which is down by X% compared with the previous year. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, artificial staple fibre exports dropped to $X in 2022. Overall, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the key exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Saudi Arabia (X tons), comprising a X% share of total exports. Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to artificial staple fibre exports from Turkey stood at X%. At the same time, Saudi Arabia (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest artificial staple fibre supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Iran (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, increasing by X% against the previous year. Overall, the export price saw a temperate increase. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2016; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Artificial Staple Fibre Imports

Imports in the Middle East

In 2022, purchases abroad of artificial staple fibres increased by X% to X tons, rising for the second year in a row after four years of decline. In general, imports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, artificial staple fibre imports surged to $X in 2022. Overall, imports, however, saw a mild curtailment. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) and Yemen (X tons) were the major importers of artificial staple fibres in the Middle East, together finishing at near X% of total imports. Iraq (X tons) took the next position in the ranking, followed by Iran (X tons). All these countries together held approx. X% share of total imports.

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

In value terms, Turkey ($X) constitutes the largest market for imported artificial staple fibres in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with an X% share of total imports. It was followed by Iraq, with an X% share.

In Turkey, artificial staple fibre imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and Iraq (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price continues to indicate a moderate expansion. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Iran ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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