Middle East: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in the Middle East

The Middle Eastern man-made filament yarn market rose notably to $X in 2023, surging by X% against the previous year. Overall, consumption showed a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Man-Made Filament Yarn Production in the Middle East

In value terms, man-made filament yarn production expanded remarkably to $X in 2023 estimated in export price. In general, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Man-Made Filament Yarn Exports

Exports in the Middle East

In 2023, after three years of growth, there was significant decline in shipments abroad of man-made filament yarn, when their volume decreased by X% to X tons. Over the period under review, exports saw a abrupt slump. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, man-made filament yarn exports dropped markedly to $X in 2023. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Turkey dominates exports structure, recording X tons, which was near X% of total exports in 2023. Saudi Arabia (X tons), the United Arab Emirates (X tons) and Iran (X tons) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to man-made filament yarn 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 2012-2023. By contrast, the United Arab Emirates (X%) and Iran (X%) illustrated a downward trend over the same period. From 2012 to 2023, 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 ($X) remains the largest man-made filament yarn supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

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

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price saw a mild increase. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Man-Made Filament Yarn Imports

Imports in the Middle East

Man-made filament yarn imports stood at X tons in 2023, surging by X% on 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, man-made filament yarn imports fell to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Turkey was the major importing country with an import of around X tons, which accounted for X% of total imports. Jordan (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons) and Iran (X tons). All these countries together took approx. X% share of total imports.

Turkey was also the fastest-growing in terms of the man-made filament yarn imports, with a CAGR of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Jordan (X%) and Iran (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey stood at X%. 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

The import price in the Middle East stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Turkey ($X per ton) and the United Arab Emirates ($X per ton), while Jordan ($X per ton) and Iran ($X per ton) were 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