Middle East: Textile Wick Market 2020

Textile Wick Market Size in Middle East

The revenue of the textile wick market in Middle East amounted to $X in 2017, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The textile wick consumption continues to indicate a measured expansion. The growth pace was the most rapid in 2010, when market value increased by X% against the previous year. In that year, the textile wick market reached their peak level of $X. From 2011 to 2017, growth of the textile wick market failed to regain its momentum.

Textile Wick Exports in Middle East

In 2017, textile wick exports in Middle East stood at X tons, picking up by X% against the previous year. The textile wick exports continue to indicate a prominent growth. The growth pace was the most rapid in 2014, when exports increased by X% against the previous year. Over the period under review, the textile wick exports attained its maximum volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, textile wick exports stood at $X in 2017. The textile wick exports continue to indicate a strong increase. The level of exports peaked in 2017, and are expected to retain its growth in the near future.

Textile Wick Exports by Country in Middle East

Turkey prevails in textile wick exports structure, accounting for X tons, which was near X% of total exports in 2017. The United Arab Emirates (X tons) held the slight share of total exports.

Turkey was also the fastest growing in terms of the textile wicks, conveyor belts or belting exports, with a CAGR of +X% from 2007 to 2017. the United Arab Emirates (-X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X%) increased significantly in terms of the global exports from 2007-2017, the share of Turkey (-X%) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest textile wick supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global exports.

From 2007 to 2017, the average annual growth rate of value in Turkey stood at +X%.

Textile Wick Export Prices by Country in Middle East

In 2017, the textile wick export price in Middle East amounted to $X per ton, waning by -X% against the previous year. The export price indicated a conspicuous increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the textile wick export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013, an increase of X% against the previous year. In that year, the export prices for textile wicks, conveyor belts or belting attained their peak level of $X per ton. From 2014 to 2017, growth of the export prices for textile wicks, conveyor belts or belting stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year).

Textile Wick Imports in Middle East

In 2017, imports of textile wicks, conveyor belts or belting in Middle East stood at X tons, going down by -X% against the previous year. The textile wick imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015, when it surged by X% against the previous year. In that year, the textile wick imports reached their peak volume of X tons. From 2016 to 2017, growth of the textile wick imports failed to regain its momentum.

In value terms, textile wick imports stood at $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. In that year, the textile wick imports reached their peak level of $X; afterwards, it flattened through to 2017.

Textile Wick Imports by Country in Middle East

In 2017, Turkey (X tons), distantly followed by the United Arab Emirates (X tons), Iran (X tons), Saudi Arabia (X tons) and Lebanon (X tons) were the largest importers of textile wicks, conveyor belts or belting, together generating X% of total imports. Israel (X tons) and Jordan (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Turkey (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported textile wicks, conveyor belts or belting in Middle East, making up X% of global imports. The second position in the ranking was occupied by Iran ($X), with a X% share of global imports. It was followed by Israel, with a X% share.

In Turkey, textile wick imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Iran (-X% per year) and Israel (+X% per year).

Textile Wick Import Prices by Country in Middle East

The textile wick import price in Middle East stood at $X per kg in 2017, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014, when the import prices increased by X% against the previous year. In that year, the import prices for textile wicks, conveyor belts or belting reached their peak level of $X per kg. From 2015 to 2017, growth of the import prices for textile wicks, conveyor belts or belting stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Israel ($X per kg), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform