Egypt: Cork Article Market 2025

Cork Article Market Size in Egypt

In 2021, the Egyptian cork article market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. The market value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Cork article consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Cork Article Production in Egypt

In value terms, cork article production expanded to $X in 2021 estimated in export price. In general, production recorded a pronounced expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by 278,185% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Cork Article Exports

Exports from Egypt

In 2021, approx. X tons of cork articles were exported from Egypt; picking up by 88% against the year before. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 6,867%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, cork article exports soared to $X in 2021. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 915% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for cork article exports from Egypt, accounting for a 89% share of total exports. Moreover, cork article exports to the United Arab Emirates exceeded the volume sent to the second major destination, Libya (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +59.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+29.1% per year) and Sudan (-2.6% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for cork articles exports from Egypt, comprising 96% of total exports. The second position in the ranking was held by Libya ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +50.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+32.2% per year) and Sudan (+24.9% per year).

Export Prices by Country

In 2021, the average cork article export price amounted to $X per ton, rising by 8.3% against the previous year. Over the period under review, the export price recorded a prominent increase. The growth pace was the most rapid in 2020 an increase of 1,736%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Libya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+346.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cork Article Imports

Imports into Egypt

In 2021, approx. X tons of cork articles were imported into Egypt; which is down by -16% compared with the previous year's figure. Over the period under review, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 42%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cork article imports shrank slightly to $X in 2021. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 10%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Portugal (X tons) and France (X tons) were the main suppliers of cork article imports to Egypt, together accounting for 84% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +96.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest cork article suppliers to Egypt were Portugal ($X), the United Arab Emirates ($X) and France ($X), together comprising 80% of total imports.

France, with a CAGR of +80.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average cork article import price stood at $X per ton in 2021, rising by 16% against the previous year. Over the period under review, the import price saw prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 65%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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