MENA: Woolen Fabric Market 2024

Woolen Fabric Market Size in MENA

For the third consecutive year, the MENA's woolen fabric market recorded growth in sales value, which increased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2023 and is likely to continue growth in years to come.

Woolen Fabric Production in MENA

In value terms, woolen fabric production declined slightly to $X in 2023 estimated in export price. In general, production recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

Woolen Fabric Exports

Exports in MENA

In 2023, the amount of woven woolen fabrics exported in MENA fell to X square meters, which is down by X% compared with 2022 figures. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The volume of export peaked at X square meters in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, woolen fabric exports skyrocketed to $X in 2023. In general, exports showed a deep reduction. The pace of growth appeared the most rapid in 2022 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Turkey prevails in exports structure, accounting for X square meters, which was approx. X% of total exports in 2023. It was distantly followed by Morocco (X square meters), generating an X% share of total exports. The United Arab Emirates (X square meters) followed a long way behind the leaders.

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

In value terms, Turkey ($X) remains the largest woolen fabric supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: Morocco (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 square meter, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Turkey ($X per square meter), while the United Arab Emirates ($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 Morocco (X%), while the other leaders experienced mixed trends in the export price figures.

Woolen Fabric Imports

Imports in MENA

In 2023, supplies from abroad of woven woolen fabrics increased by X% to X square meters, rising for the third year in a row after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, woolen fabric imports skyrocketed to $X in 2023. Total imports indicated a noticeable expansion from 2012 to 2023: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Morocco was the largest importer of woven woolen fabrics in MENA, with the volume of imports finishing at X square meters, which was near X% of total imports in 2023. It was distantly followed by Turkey (X square meters), mixing up a X% share of total imports. The following importers - the United Arab Emirates (X square meters), Tunisia (X square meters) and Jordan (X square meters) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Morocco (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest woolen fabric importing markets in MENA were Turkey ($X), Morocco ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

Among the main importing countries, Morocco, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MENA amounted to $X per square meter, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, import prices reached the peak figure in 2023 and is likely to see gradual growth in years to come.

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 Turkey ($X per square meter), while Morocco ($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