Egypt: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Egypt

In 2021, the Egyptian narrow woven fabric market decreased by -16.1% to $X, falling for the second year in a row after five years of growth. In general, consumption showed a pronounced contraction. Narrow woven fabric consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Narrow Woven Fabric Exports

Exports from Egypt

Narrow woven fabric exports from Egypt skyrocketed to X tons in 2021, growing by 136% against 2020. In general, exports showed buoyant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 357% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, narrow woven fabric exports soared to $X in 2021. Overall, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 426%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Sudan (X tons) was the main destination for narrow woven fabric exports from Egypt, with a 122% share of total exports. Moreover, narrow woven fabric exports to Sudan exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The third position in this ranking was held by Kuwait (X tons), with a 21% share.

From 2012 to 2021, the average annual growth rate of volume to Sudan stood at +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+8.8% per year) and Kuwait (+196.0% per year).

In value terms, Sudan ($X) emerged as the key foreign market for narrow woven fabrics exports from Egypt, comprising 64% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total exports. It was followed by Jordan, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Sudan totaled +52.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+11.9% per year) and Jordan (+26.8% per year).

Export Prices by Country

In 2021, the average narrow woven fabric export price amounted to $X per ton, jumping by 62% against the previous year. Over the period under review, the export price recorded a modest increase. The pace of growth was the most pronounced in 2020 an increase of 316%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

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 Turkey ($X per ton), while the average price for exports to Kuwait ($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 Sudan (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into Egypt

In 2021, supplies from abroad of narrow woven fabrics decreased by -23.1% to X tons, falling for the second consecutive year after five years of growth. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 448% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, narrow woven fabric imports skyrocketed to $X in 2021. Over the period under review, imports recorded a perceptible setback. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main narrow woven fabric supplier to Egypt, with a 275% share of total imports. It was followed by Turkey (X tons), with a 5.9% share of total imports. The third position in this ranking was held by India (X tons), with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-11.4% per year) and India (-26.6% per year).

In value terms, China ($X) constituted the largest supplier of narrow woven fabrics to Egypt, comprising 75% of total imports. The second position in the ranking was taken by Turkey ($X), with a 6.3% share of total imports. It was followed by Hong Kong SAR, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-11.5% per year) and Hong Kong SAR (-24.2% per year).

Import Prices by Country

In 2021, the average narrow woven fabric import price amounted to $X per ton, surging by 85% against the previous year. In general, the import price, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2020 an increase of 472%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Hong Kong SAR ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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