Egypt: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in Egypt

The Egyptian sheepskin and lambskin market dropped to $X in 2021, declining by -5.1% against the previous year. In general, consumption, however, saw a abrupt decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Sheepskin And Lambskin Production in Egypt

In value terms, sheepskin and lambskin production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, faced a deep setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 47%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

In 2021, the average yield of sheep or lamb skins (without wool) in Egypt declined to X kg per head, which is down by -6% compared with 2020. The yield figure increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2019 when the yield increased by 19% against the previous year. Over the period under review, the average sheepskin and lambskin yield reached the peak level at X kg per head in 2020, and then shrank in the following year.

In 2021, the number of animals slaughtered for sheepskin and lambskin production in Egypt expanded significantly to X heads, increasing by 8.4% against the previous year. In general, the number of producing animals, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 30%. Over the period under review, this number reached the peak level at X heads in 2013; however, from 2014 to 2021, producing animals stood at a somewhat lower figure.

Sheepskin And Lambskin Exports

Exports from Egypt

In 2021, overseas shipments of sheep or lamb skins (without wool) decreased by -9.7% to X tons, falling for the fifth year in a row after two years of growth. In general, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 208%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, sheepskin and lambskin exports skyrocketed to $X in 2021. Over the period under review, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 325% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), Brunei Darussalam (X tons) and Turkey (X tons) were the main destinations of sheepskin and lambskin exports from Egypt, with a combined 69% share of total exports. These countries were followed by Italy and South Korea, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +8.5%), while the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X) emerged as the key foreign market for sheep or lamb skins (without wool) exports from Egypt, comprising 54% of total exports. The second position in the ranking was held by India ($X), with a 16% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey totaled +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-13.8% per year) and South Korea (-0.4% per year).

Export Prices by Country

In 2021, the average sheepskin and lambskin export price amounted to $X per ton, rising by 39% against the previous year. In general, the export price, however, recorded a pronounced curtailment. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Brunei Darussalam ($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 Turkey (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Sheepskin And Lambskin Imports

Imports into Egypt

In 2021, approx. X tons of sheep or lamb skins (without wool) were imported into Egypt; surging by 164% against the year before. Over the period under review, imports recorded a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by 266%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, sheepskin and lambskin imports soared to $X in 2021. Overall, imports saw prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 177%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Jordan (X tons) constituted the largest sheepskin and lambskin supplier to Egypt, with a 65% share of total imports. Moreover, sheepskin and lambskin imports from Jordan exceeded the figures recorded by the second-largest supplier, Libya (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Jordan totaled +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Libya (-1.9% per year) and Italy (+20.7% per year).

In value terms, the largest sheepskin and lambskin suppliers to Egypt were Jordan ($X), Libya ($X) and Italy ($X), together comprising 99% of total imports.

Among the main suppliers, Jordan, with a CAGR of +16.2%, saw 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 2021, the average sheepskin and lambskin import price amounted to $X per ton, which is down by -20.5% against the previous year. Overall, the import price recorded a slight contraction. The pace of growth appeared the most rapid in 2020 an increase of 51%. As a result, import price reached the peak level of $X per ton, and then dropped notably in the following year.

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 Libya ($X per ton), while the price for Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sudan (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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