Middle East: Sewing Thread Market 2024

Sewing Thread Market Size in the Middle East

The Middle Eastern sewing thread market declined to $X in 2022, which is down by X% against the previous year. In general, consumption saw a noticeable contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sewing Thread Production in the Middle East

In value terms, sewing thread production reached $X in 2022 estimated in export price. In general, production recorded a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Sewing Thread Exports

Exports in the Middle East

In 2022, approx. X tons of sewing thread of man-made filaments or staple fibers were exported in the Middle East; picking up by X% against the year before. Total exports indicated strong growth from 2012 to 2022: its volume 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, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 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 steady growth in the near future.

In value terms, sewing thread exports expanded remarkably to $X in 2022. The total export value 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 pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Turkey (X tons) was the major exporter of sewing thread of man-made filaments or staple fibers, constituting X% of total exports. Israel (X tons) ranks second in terms of the total exports with a X% share, followed by Oman (X%). Jordan (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%), Jordan (X%), Saudi Arabia (X%) and Israel (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Oman (X p.p.), Israel (X p.p.) and Jordan (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest sewing thread supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: Oman (X% per year) and Israel (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, falling by X% against the previous year. In general, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Saudi Arabia ($X per ton) 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 more modest paces of growth.

Sewing Thread Imports

Imports in the Middle East

In 2022, sewing thread imports in the Middle East contracted to X tons, reducing by X% against the previous year's figure. In general, imports showed a perceptible slump. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, sewing thread imports reduced modestly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) was the major importer of sewing thread of man-made filaments or staple fibers, making up X% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, followed by Iran (X tons), Jordan (X tons) and Iraq (X tons). All these countries together took near X% share of total imports. Yemen (X tons) and Syrian Arab Republic (X tons) held a little share of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of sewing thread of man-made filaments or staple fibers. At the same time, Iraq (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Yemen experienced a relatively flat trend pattern. By contrast, Iran (X%), the United Arab Emirates (X%) and Syrian Arab Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Iraq and Jordan 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 ($X) constitutes the largest market for imported sewing thread of man-made filaments or staple fibers in the Middle East, comprising X% of total imports. The second position in the ranking was held by Jordan ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, sewing thread imports declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Jordan (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Jordan ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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