Tufted Textile Fabric Market Overview in Middle East
In value terms, tufted textile fabric production stood at $ in 2018 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of % against the previous year. Over the period under review, production reached the maximum level in 2018 and is expected to retain growth in the immediate term.
The countries with the highest volumes of tufted textile fabric production in 2018 were Turkey ( square meters), Iran ( square meters) and Iraq ( square meters), with a combined % share of total production. Syrian Arab Republic, Israel and Saudi Arabia lagged somewhat behind, together accounting for a further %.
From 2007 to 2018, the biggest increases were in Israel, while tufted textile fabric production for the other leaders experienced more modest paces of growth.
The revenue of the tufted textile fabric market in the Middle East dropped to $ in 2018, reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2012 with an increase of % year-to-year. The level of consumption peaked at $ in 2007; however, from 2008 to 2018, consumption failed to regain the momentum.
In the United Arab Emirates, tufted textile fabric consumption plunged by an average annual rate of -% over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of consumption growth: Turkey (-% per year) and Iran (-% per year).
In value terms, the United Arab Emirates ($) led the market, alone. The second position in the ranking was occupied by Turkey ($). It was followed by Iran.
In the United Arab Emirates, the tufted textile fabric market declined by an average annual rate of -% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Turkey (-% per year) and Iran (-% per year).
The countries with the highest levels of tufted textile fabric per capita consumption in 2018 were Bahrain ( square meters per persons), the United Arab Emirates ( square meters per persons) and Israel ( square meters per persons).
From 2007 to 2018, the most notable rate of growth in terms of tufted textile fabric per capita consumption, amongst the leading consuming countries, was attained by Bahrain, while tufted textile fabric per capita consumption for the other leaders experienced a decline in the per capita consumption figures.