Middle East: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in the Middle East

The Middle Eastern tufted textile fabric market skyrocketed to $X in 2023, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Tufted Textile Fabric Production in the Middle East

In value terms, tufted textile fabric production expanded rapidly to $X in 2023 estimated in export price. In general, production showed resilient growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Tufted Textile Fabric Exports

Exports in the Middle East

In 2023, after two years of growth, there was significant decline in shipments abroad of tufted textile fabrics, when their volume decreased by X% to X square meters. Over the period under review, exports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of X square meters. From 2019 to 2023, the growth of the exports remained at a lower figure.

In value terms, tufted textile fabric exports dropped significantly to $X in 2023. Overall, exports recorded a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Turkey (X square meters) represented the key exporter of tufted textile fabrics, creating X% of total exports. Jordan (X square meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%) and Israel (X%). Kuwait (X square meters) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to tufted textile fabric exports from Turkey stood at X%. At the same time, Israel (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Israel 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 Kuwait (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Jordan (X p.p.) and Israel (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest tufted textile fabric supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Jordan ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2023, 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: Jordan (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per square meter in 2023, surging by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per square meter in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Kuwait ($X per square meter) and Israel ($X per square meter), while Turkey ($X per square meter) and the United Arab Emirates ($X per square meter) were amongst the lowest.

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

Tufted Textile Fabric Imports

Imports in the Middle East

In 2023, purchases abroad of tufted textile fabrics was finally on the rise to reach X square meters after two years of decline. Overall, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of import peaked at X square meters in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, tufted textile fabric imports reached $X in 2023. In general, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Kuwait dominates imports structure, recording X square meters, which was near X% of total imports in 2023. Bahrain (X square meters) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%) and Lebanon (X%). Jordan (X square meters), Turkey (X square meters) and Syrian Arab Republic (X square meters) held a minor share of total imports.

Kuwait was also the fastest-growing in terms of the tufted textile fabrics imports, with a CAGR of X% from 2012 to 2023. At the same time, Jordan (X%), Bahrain (X%) and Lebanon (X%) displayed positive paces of growth. By contrast, Turkey (X%), Syrian Arab Republic (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.), Bahrain (X p.p.), Lebanon (X p.p.) and Jordan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Turkey (X p.p.), Syrian Arab Republic (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Kuwait ($X) constitutes the largest market for imported tufted textile fabrics in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Turkey, with an X% share.

In Kuwait, tufted textile fabric imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per square meter, waning by X% against the previous year. Over the period under review, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per square meter 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 the United Arab Emirates ($X per square meter), while Bahrain ($X per square meter) 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 more modest paces of growth.

Source: IndexBox Platform