Egypt: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in Egypt

In 2022, after two years of growth, there was decline in the Egyptian sheepskin and lambskin market, when its value decreased by -2.1% to $X. Overall, consumption saw a perceptible downturn. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Sheepskin And Lambskin Production in Egypt

In value terms, sheepskin and lambskin production declined to $X in 2022 estimated in export price. In general, production continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 141%. Sheepskin and lambskin production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of sheep or lamb skins (without wool) in Egypt totaled X kg per head, surging by 2.1% against the previous year. The yield figure increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 19% against the previous year. The sheepskin and lambskin yield peaked at X kg per head in 2020; however, from 2021 to 2022, the yield failed to regain momentum.

The number of animals slaughtered for sheepskin and lambskin production in Egypt dropped to X heads in 2022, waning by -3.9% on the previous year's figure. Overall, the number of producing animals showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the number of producing animals increased by 30% against the previous year. Over the period under review, this number hit record highs at X heads in 2013; however, from 2014 to 2022, producing animals stood at a somewhat lower figure.

Sheepskin And Lambskin Exports

Exports from Egypt

In 2022, approx. X tons of sheep or lamb skins (without wool) were exported from Egypt; waning by -6.6% compared with the previous year's figure. In general, exports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 328% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, sheepskin and lambskin exports totaled $X in 2022. Overall, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 332% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for sheepskin and lambskin exports from Egypt, accounting for a 98% share of total exports. It was followed by Italy (X kg), with a 1.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to +11.5%.

In value terms, India ($X) remains the key foreign market for sheep or lamb skins (without wool) exports from Egypt, comprising 83% of total exports. The second position in the ranking was taken by Italy ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to +15.8%.

Export Prices by Country

In 2022, the average sheepskin and lambskin export price amounted to $X per ton, growing by 7.4% against the previous year. Over the period under review, the export price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2013 an increase of 134%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 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 Italy ($X per ton), while the average price for exports to India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+20.5%).

Sheepskin And Lambskin Imports

Imports into Egypt

In 2022, the amount of sheep or lamb skins (without wool) imported into Egypt reduced to X kg, waning by -3.2% against 2021. In general, imports faced a sharp setback. The most prominent rate of growth was recorded in 2017 when imports increased by 510% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, sheepskin and lambskin imports declined slightly to $X in 2022. Over the period under review, imports faced a dramatic descent. The most prominent rate of growth was recorded in 2017 with an increase of 469%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Sudan (X kg), Lebanon (X kg) and Libya (X kg) were the main suppliers of sheepskin and lambskin imports to Egypt, with a combined 97% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of -18.9%), while purchases for the other leaders experienced a decline.

In value terms, the largest sheepskin and lambskin suppliers to Egypt were Sudan ($X), Libya ($X) and Lebanon ($X), with a combined 99% share of total imports.

Sudan, with a CAGR of -29.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average sheepskin and lambskin import price amounted to $X per ton, picking up by 1.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 41% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained 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 Libya ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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