Textiles are becoming more and more valuable in today’s economy.
In the global market, the value of textile exports increased by 8.3% in the year 2015, according to a report by the consultancy firm IDC.
As a result, the number of textile factories in the Middle East rose by 17.3%.
However, the textile industry’s value has decreased, with a decrease of 1.9% in value per year from 2015 to 2020, according the IDC report.
The Middle East is the third-largest textile market in the Western world.
The region’s textile industry has been growing at a faster rate than the rest of the world’s.
The value of the textile exports rose by 3.9%, while that of the value-added services industry decreased by 2.6%.
The number of factories in this sector increased by 14.5% during the year 2016.
In 2017, the market grew by 4.5%.
In 2018, the global textile market is expected to reach $14.9 billion.
The Middle East’s textile sector is dominated by domestic producers of fabrics and yarns, with the largest number of domestic textile manufacturers in Israel, Jordan, Egypt, and the Palestinian territories.
The number was estimated at 6.6 million in 2017, according IDC, and grew by 16.6% in 2018.
The share of international textile companies in the market decreased from 4.4% to 3.8%.
The number of international firms that produce textiles in the region was estimated to be 10,000 in 2017.
In 2018 the number decreased to 5,000.
In addition to domestic textile production, Middle East countries are also producing textile yarns and textiles that are sold to the European Union.
These fabrics are exported to European countries such as Belgium, Denmark, Germany, France, Italy, Spain, the United Kingdom, and Germany.
However, the volume of exports of the European fabrics and the textile yarn that are exported from the Middle Eastern countries is estimated to exceed $100 billion.
The total value of this market is $6.4 billion, IDC said.
The textile industry is expanding in the West Bank and Gaza Strip, while in the East, the sector has shrunk.
The Israeli-Palestinian conflict has been responsible for the decrease in the textile sector in the country.
According to IDC’s study, the total value decreased by 7.2% in 2019, while the value added to the sector decreased by 1.7%.
The textile sector has been declining in the countries that make up the Middle-Eastern region, especially in the Palestinian Territories.
According in the study, value-adding services and textile production in the territories fell by 10.4%, while the number and growth of textile manufacturing decreased by 16%.
The decline in the value contributed to a decrease in textile production by the textile sectors in the regions of Jordan, Lebanon, Syria, Iraq, and Turkey.
The number and value of companies operating in the sectors decreased by 4% in 2020, while value-add services and garment manufacturing decreased 16%.
The Middle-East’s textile industries are a major component of the global economy, with around 10% of global manufacturing.
The market is estimated at $15.2 trillion in 2019.
The regions of Israel, Palestine, and Jordan account for more than 50% of the market.
The market of textile production is projected to grow to $24.7 trillion by 2020, with more than $3 trillion of this growth coming from the global supply chain.
The textile sector contributes a significant part to the global manufacturing industry, accounting for almost 40% of this value.