MENA: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in MENA

The MENA's man-made filament yarn market rose sharply to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption saw resilient growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Man-Made Filament Yarn Production in MENA

In value terms, man-made filament yarn production expanded significantly to $X in 2023 estimated in export price. Overall, production saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Man-Made Filament Yarn Exports

Exports in MENA

After three years of growth, overseas shipments of man-made filament yarn decreased by X% to X tons in 2023. Over the period under review, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, man-made filament yarn exports plummeted to $X in 2023. In general, exports showed a deep downturn. The pace of growth was the most pronounced in 2022 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Turkey dominates exports structure, recording X tons, which was near X% of total exports in 2023. It was distantly followed by Egypt (X tons), generating a X% share of total exports. The following exporters - Saudi Arabia (X tons) and the United Arab Emirates (X tons) - each finished at a X% share of total exports.

Exports from Turkey decreased at an average annual rate of X% from 2012 to 2023. At the same time, Saudi Arabia (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Egypt (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, man-made filament yarn exports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Egypt (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, increasing by X% against the previous year. Export price indicated slight growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, man-made filament yarn export price decreased by X% against 2018 indices. 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 hit record highs at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

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 Egypt ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced mixed trends in the export price figures.

Man-Made Filament Yarn Imports

Imports in MENA

In 2023, the amount of man-made filament yarn imported in MENA fell to X tons, waning by X% compared with 2022 figures. Overall, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, man-made filament yarn imports contracted to $X in 2023. In general, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Turkey dominates imports structure, resulting at X tons, which was near X% of total imports in 2023. Egypt (X tons) held the second position in the ranking, followed by Jordan (X tons), the United Arab Emirates (X tons), Morocco (X tons) and Iran (X tons). All these countries together took approx. X% share of total imports. Tunisia (X tons) held a little share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Morocco (X%), the United Arab Emirates (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Jordan (X%), Iran (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Morocco (X p.p.), the United Arab Emirates (X p.p.) and Jordan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported man-made filament yarn in MENA, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Jordan, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Jordan (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, declining by X% against the previous year. In general, the import price continues to indicate a slight decline. The pace of growth was the most pronounced in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a 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 Egypt ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2012 to 2023, 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