Egypt: Carpet Market 2024

Carpet Market Size in Egypt

The Egyptian carpet market expanded sharply to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption recorded a buoyant increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Carpet Production in Egypt

In value terms, carpet production rose markedly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Carpet Exports

Exports from Egypt

Carpet exports from Egypt dropped sharply to X square meters in 2022, declining by X% against the previous year. In general, exports recorded a abrupt setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, carpet exports declined rapidly to $X in 2022. Over the period under review, exports recorded a deep reduction. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X square meters) was the main destination for carpet exports from Egypt, with a X% share of total exports. Moreover, carpet exports to the United States exceeded the volume sent to the second major destination, Saudi Arabia (X square meters), threefold. The third position in this ranking was taken by Germany (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Germany (X% per year).

In value terms, the largest markets for carpet exported from Egypt were the United States ($X), Saudi Arabia ($X) and Algeria ($X), with a combined X% share of total exports. Germany, the United Arab Emirates, Sudan, the UK, the Netherlands, Poland, Libya, Italy, Canada and Brazil lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average carpet export price amounted to $X per square meter, waning by X% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carpet export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per square meter in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per square meter), while the average price for exports to Canada ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carpet Imports

Imports into Egypt

In 2022, purchases abroad of carpets and other textile floor coverings decreased by X% to X square meters, falling for the second year in a row after four years of growth. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X square meters. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, carpet imports shrank significantly to $X in 2022. In general, imports saw a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X square meters) constituted the largest supplier of carpet to Egypt, with a X% share of total imports. Moreover, carpet imports from Turkey exceeded the figures recorded by the second-largest supplier, Jordan (X square meters), fivefold. The third position in this ranking was held by the United Arab Emirates (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (X% per year) and the United Arab Emirates (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of carpets and other textile floor coverings to Egypt, comprising X% of total imports. The second position in the ranking was held by Jordan ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average carpet import price amounted to $X per square meter, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight curtailment. Over the period under review, average import prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per square meter), while the price for Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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