Egypt: Hand Stamp Market 2024

Hand Stamp Market Size in Egypt

The Egyptian hand stamp market shrank markedly to $X in 2022, with a decrease of -33.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a noticeable downturn. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Hand Stamp Exports

Exports from Egypt

Hand stamp exports from Egypt skyrocketed to X units in 2022, with an increase of 73% compared with 2021. Overall, exports, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2020 when exports increased by 908% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand stamp exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 733% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for hand stamp exports from Egypt, with a 55% share of total exports. Moreover, hand stamp exports to Saudi Arabia exceeded the volume sent to the second major destination, Sudan (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (-12.9% per year) and the Netherlands (+64.3% per year).

In value terms, the largest markets for hand stamp exported from Egypt were the Netherlands ($X), Saudi Arabia ($X) and Sudan ($X), with a combined 94% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +52.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average hand stamp export price amounted to $X per unit, rising by 18% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 90% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Sudan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+3.0%), while the prices for the other major destinations experienced a decline.

Hand Stamp Imports

Imports into Egypt

In 2022, supplies from abroad of stamps for use in the hand decreased by -30.2% to X units, falling for the sixth consecutive year after five years of growth. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 44%. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, hand stamp imports reduced rapidly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 55%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Austria (X units), China (X units) and Turkey (X units) were the main suppliers of hand stamp imports to Egypt, with a combined 83% share of total imports. Germany, the United States and Italy lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +34.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Austria ($X), China ($X) and Turkey ($X) were the largest hand stamp suppliers to Egypt, together comprising 84% of total imports. Germany, the United States and Italy lagged somewhat behind, together accounting for a further 12%.

In terms of the main suppliers, the United States, with a CAGR of +34.6%, 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 hand stamp import price amounted to $X per unit, waning by -6.9% against the previous year. Over the period under review, the import price, however, recorded a buoyant increase. The growth pace was the most rapid in 2019 an increase of 142%. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($X per unit) and China ($X per unit), while the price for Italy ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :