Middle East silk yarn market to reach 7.7K tons and $222 million by 2035

The Middle East silk yarn market is ready for steady growth, with demand projected to rise in both volume and value over the next decade. By 2035, market volume is expected to reach 7,700 tons, with a total value of $222 million, driven by a CAGR of 2.9 per cent and 3.8 per cent respectively from 2024.

In 2024, the market consumed 5,600 tons of silk yarn and yarn spun from silk waste, maintaining levels from the previous year, while the market value stood at $147 million. Turkey, Saudi Arabia, and Israel led consumption, accounting for 85 per cent of the total, with Saudi Arabia recording highest growth rate.

Production in 2024 remained stable at 5,400 tons, with Turkey and Saudi Arabia as top producers. Imports rose 29 per cent to 170 tons, valued at $7.2 million, with Iraq and Turkey as major importers. Yarn spun from silk waste dominated imports at 68 per cent of the total.

Exports dropped to 19 tons in 2024, mainly led by Turkey. Export value stood at $258,000, reflecting a long-term decline from $748,000 in 2013. Despite fluctuations, the outlook remains positive as regional consumption trends recover and stabilize through 2035.