Egypt: Perfume Market 2024

Perfume Market Size in Egypt

The Egyptian perfume market dropped rapidly to $X in 2022, waning by -25.3% against the previous year. Over the period under review, consumption showed a deep reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Perfume Production in Egypt

In value terms, perfume production dropped slightly to $X in 2022 estimated in export price. Overall, production saw a pronounced decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 26% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Perfume Exports

Exports from Egypt

After two years of decline, shipments abroad of perfumes and toilet waters increased by 15% to X tons in 2022. In general, exports, however, faced a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 620%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, perfume exports surged to $X in 2022. Overall, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 515%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for perfume exports from Egypt, with a 68% share of total exports. Moreover, perfume exports to Turkey exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. The third position in this ranking was taken by Kazakhstan (X tons), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+11.9% per year) and Kazakhstan (-60.1% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for perfumes and toilet waters exports from Egypt, comprising 61% of total exports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total exports. It was followed by Yemen, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan stood at +82.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+10.3% per year) and Yemen (-20.3% per year).

Export Prices by Country

In 2022, the average perfume export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of 41% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Kazakhstan ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+356.6%), while the prices for the other major destinations experienced more modest paces of growth.

Perfume Imports

Imports into Egypt

In 2022, the amount of perfumes and toilet waters imported into Egypt declined rapidly to X tons, waning by -46.3% on the previous year. Over the period under review, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 61%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, perfume imports fell notably to $X in 2022. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), Poland (X tons) and Spain (X tons) were the main suppliers of perfume imports to Egypt, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +17.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest perfume suppliers to Egypt were France ($X), the United Arab Emirates ($X) and Poland ($X), with a combined 71% share of total imports.

Among the main suppliers, Poland, with a CAGR of +22.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average perfume import price amounted to $X per ton, dropping by -8.6% against the previous year. Overall, the import price, however, recorded prominent growth. The growth pace was the most rapid in 2020 when the average import price increased by 99%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+33.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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