Egypt: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Egypt

The Egyptian market for machines for preparing, weaving and knitting textiles was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Textile weaving and knitting machinery consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Egypt

After three years of growth, overseas shipments of machines for preparing, weaving and knitting textiles decreased by -40.9% to X units in 2021. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,173% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020, and then fell significantly in the following year.

In value terms, textile weaving and knitting machinery exports reduced dramatically to $X in 2021. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,567% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then declined dramatically in the following year.

Exports by Country

Pakistan (X units) was the main destination for textile weaving and knitting machinery exports from Egypt, accounting for a 53% share of total exports. Moreover, textile weaving and knitting machinery exports to Pakistan exceeded the volume sent to the second major destination, Hong Kong SAR (X units), fourfold. The third position in this ranking was held by Ghana (X units), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Pakistan totaled +1,320.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+37.9% per year) and Ghana (+11.2% per year).

In value terms, the largest markets for textile weaving and knitting machinery exported from Egypt were Pakistan ($X), India ($X) and Turkey ($X), together comprising 94% of total exports.

In terms of the main countries of destination, Pakistan, with a CAGR of +371.9%, saw the highest rates of growth with regard to 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 export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, with a decrease of -5.1% against the previous year. Overall, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 362%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the UK ($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 Turkey (+117.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Egypt

In 2021, textile weaving and knitting machinery imports into Egypt soared to X units, increasing by 36% on the previous year. The total import volume increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, textile weaving and knitting machinery imports surged to $X in 2021. In general, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of textile weaving and knitting machinery to Egypt, with a 30% share of total imports. Moreover, textile weaving and knitting machinery imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. The third position in this ranking was held by Germany (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+37.3% per year) and Germany (+0.1% per year).

In value terms, the largest textile weaving and knitting machinery suppliers to Egypt were China ($X), India ($X) and Germany ($X), with a combined 50% share of total imports. Italy, Belgium, Japan, Turkey, Switzerland, Austria, South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further 39%.

Belgium, with a CAGR of +56.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, picking up by 13% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 35% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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