Egypt: Composition Leather Market 2024

Composition Leather Market Size in Egypt

In 2021, the Egyptian composition leather market increased by 7.5% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Composition Leather Production in Egypt

In value terms, composition leather production amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 14% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Composition Leather Exports

Exports from Egypt

In 2021, the amount of composition leather exported from Egypt contracted remarkably to X square meters, with a decrease of -69.9% compared with the previous year's figure. Over the period under review, exports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 737%. The exports peaked at X square meters in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, composition leather exports shrank remarkably to $X in 2021. In general, exports faced a precipitous contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 546% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X square meters), Palestine (X square meters) and Canada (X square meters) were the main destinations of composition leather exports from Egypt.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Palestine ($X) remains the key foreign market for composition leather exports from Egypt, comprising 66% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Palestine amounted to -48.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and Canada (0.0% per year).

Export Prices by Country

In 2021, the average composition leather export price amounted to $X per square meter, dropping by -8.5% against the previous year. Overall, the export price faced a deep contraction. The growth pace was the most rapid in 2019 an increase of 158%. The export price peaked at $X per square meter in 2014; however, from 2015 to 2021, 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 Canada ($X per square meter), while the average price for exports to Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (-1.5%), while the prices for the other major destinations experienced a decline.

Composition Leather Imports

Imports into Egypt

In 2021, after two years of decline, there was significant growth in supplies from abroad of composition leather, when their volume increased by 133% to X square meters. In general, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 521% against the previous year. As a result, imports attained the peak of X square meters. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, composition leather imports skyrocketed to $X in 2021. Over the period under review, imports, however, faced a deep downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X square meters), the UK (X square meters) and Italy (X square meters) were the main suppliers of composition leather imports to Egypt, together accounting for 97% of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +47.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X) constituted the largest supplier of composition leather to Egypt, comprising 65% of total imports. The second position in the ranking was held by Turkey ($X), with a 25% share of total imports. It was followed by Italy, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at +46.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+9.7% per year) and Italy (-38.2% per year).

Import Prices by Country

The average composition leather import price stood at $X per square meter in 2021, surging by 13% against the previous year. In general, the import price, however, recorded a mild slump. The pace of growth was the most pronounced in 2016 when the average import price increased by 335% against the previous year. The import price peaked at $X per square meter in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per square meter), while the price for Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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