Egypt: Twig Broom Market 2024

Twig Broom Market Size in Egypt

The Egyptian twig broom market dropped rapidly to $X in 2021, with a decrease of -30.8% against the previous year. Over the period under review, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +25.7% against 2019 indices. As a result, consumption attained the peak level of $X, and then dropped dramatically in the following year.

Twig Broom Production in Egypt

In value terms, twig broom production contracted rapidly to $X in 2021 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +32.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 65% against the previous year. As a result, production reached the peak level of $X, and then fell sharply in the following year.

Twig Broom Exports

Exports from Egypt

In 2021, overseas shipments of brooms and brushes of twigs increased by 17% to X units, rising for the second year in a row after three years of decline. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 958%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, twig broom exports expanded rapidly to $X in 2021. In general, exports posted a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 759% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X units), Libya (X units) and the United Arab Emirates (X units) were the main destinations of twig broom exports from Egypt, together accounting for 52% of total exports. Mexico, Palestine, Spain, Kenya, Jordan, Yemen, Saudi Arabia, Cyprus, the United States and the UK lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +74.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for brooms and brushes of twigs exports from Egypt, comprising 26% of total exports. The second position in the ranking was taken by Libya ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+55.3% per year) and the United Arab Emirates (+59.0% per year).

Export Prices by Country

The average twig broom export price stood at $X per unit in 2021, with a decrease of -8.1% against the previous year. Over the period under review, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2014 an increase of 12%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.

Twig Broom Imports

Imports into Egypt

Twig broom imports into Egypt declined notably to X units in 2021, which is down by -68.4% on 2020. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 54% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, twig broom imports declined remarkably to $X in 2021. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 41%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), India (X units) and the UK (X units) were the main suppliers of twig broom imports to Egypt, with a combined 88% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +76.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of brooms and brushes of twigs to Egypt, comprising 52% of total imports. The second position in the ranking was taken by the UK ($X), with a 21% share of total imports. It was followed by Serbia, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-7.9% per year) and Serbia (0.0% per year).

Import Prices by Country

In 2021, the average twig broom import price amounted to $X per unit, increasing by 139% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Serbia ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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