Egypt: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Egypt

In 2021, after three years of growth, there was significant decline in the Egyptian bedding and furnishing article market, when its value decreased by -15.9% to $X. Overall, consumption saw a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Egypt

Bedding and furnishing article exports from Egypt contracted to X tons in 2021, with a decrease of -14.9% compared with the previous year. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 11,678%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, bedding and furnishing article exports reduced notably to $X in 2021. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 3,090% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Sudan (X tons) was the main destination for bedding and furnishing article exports from Egypt, accounting for a 44% share of total exports. Moreover, bedding and furnishing article exports to Sudan exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. The third position in this ranking was held by Israel (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sudan stood at +133.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+11.5% per year) and Israel (+45.8% per year).

In value terms, the largest markets for bedding and furnishing article exported from Egypt were the United Arab Emirates ($X), Saudi Arabia ($X) and Israel ($X), together accounting for 56% of total exports. These countries were followed by the Netherlands, the United States, Sudan, Jordan and Belgium, which together accounted for a further 33%.

Among the main countries of destination, Sudan, with a CAGR of +133.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average bedding and furnishing article export price amounted to $X per ton, shrinking by -9.5% against the previous year. In general, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 70%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Sudan ($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 India (+155.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Egypt

In 2021, the amount of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) imported into Egypt plummeted to X tons, reducing by -18.9% against 2020. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 183% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, bedding and furnishing article imports dropped to $X in 2021. Overall, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 107% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of bedding and furnishing article to Egypt, accounting for a 65% share of total imports. Moreover, bedding and furnishing article imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. Bulgaria (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+104.4% per year) and Bulgaria (+27.4% per year).

In value terms, China ($X) constituted the largest supplier of bedding and furnishing article to Egypt, comprising 66% of total imports. The second position in the ranking was taken by Spain ($X), with a 16% share of total imports. It was followed by Bulgaria, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+98.6% per year) and Bulgaria (+26.7% per year).

Import Prices by Country

The average bedding and furnishing article import price stood at $X per ton in 2021, increasing by 5.1% against the previous year. Overall, the import price saw a strong increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 51% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Bulgaria ($X per ton) and Poland ($X per ton), while the price for the United Arab Emirates ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform