MENA: Cotton Yarn Market 2024

Cotton Yarn Market Size in MENA

For the seventh year in a row, the MENA's cotton yarn market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Cotton Yarn Production in MENA

In value terms, cotton yarn production expanded modestly to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2016 indices. 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 hit record highs in 2022 and is expected to retain growth in years to come.

Cotton Yarn Exports

Exports in MENA

Cotton yarn exports shrank to X tons in 2023, reducing by X% compared with the year before. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, cotton yarn exports contracted markedly to $X in 2023. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2023. It was distantly followed by Egypt (X tons), mixing up a X% share of total exports. Syrian Arab Republic (X tons) took a relatively small share of total exports.

Turkey was also the fastest-growing in terms of the cotton yarn exports, with a CAGR of X% from 2012 to 2023. Egypt (X%) and Syrian Arab Republic (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey increased by X percentage points.

In value terms, Turkey ($X) remains the largest cotton yarn supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with an X% share of total exports.

In Turkey, cotton yarn exports expanded at 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 Syrian Arab Republic (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then fell dramatically in the following year.

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 ($X per ton), while Syrian Arab Republic ($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.

Cotton Yarn Imports

Imports in MENA

In 2023, purchases abroad of cotton yarn decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total imports indicated measured growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. 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 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, cotton yarn imports fell significantly to $X in 2023. Total imports indicated a temperate 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. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then reduced notably in the following year.

Imports by Country

Turkey represented the main importing country with an import of around X tons, which finished at X% of total imports. Egypt (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (X%). Iran (X tons), Tunisia (X tons), Algeria (X tons) and Israel (X tons) held a minor 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%), Iran (X%) and Algeria (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. Tunisia and Egypt experienced a relatively flat trend pattern. By contrast, Israel (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Israel (X p.p.) and Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, cotton yarn imports expanded at 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 Morocco (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then contracted dramatically in the following year.

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 Morocco ($X per ton), while Algeria ($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 more modest paces of growth.

Source: IndexBox Platform