Egypt: Wadding Market 2024

Wadding Market Size in Egypt

The Egyptian wadding market stood at $X in 2021, surging by 4.7% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.3% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wadding Production in Egypt

In value terms, wadding production rose slightly to $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 37% against the previous year. Wadding production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Wadding Exports

Exports from Egypt

After two years of decline, overseas shipments of wadding increased by 42% to X tons in 2021. Overall, exports posted a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by 2,069% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, wadding exports dropped notably to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 1,156%. The exports peaked at $X in 2020, and then contracted dramatically in the following year.

Exports by Country

Turkey (X tons) was the main destination for wadding exports from Egypt, with a 76% share of total exports. Moreover, wadding exports to Turkey exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fourfold. Libya (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey stood at +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+45.5% per year) and Libya (+4.0% per year).

In value terms, Saudi Arabia ($X), Libya ($X) and Turkey ($X) constituted the largest markets for wadding exported from Egypt worldwide, with a combined 77% share of total exports.

Saudi Arabia, with a CAGR of +60.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wadding export price amounted to $X per ton, falling by -47.9% against the previous year. Overall, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 173% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then fell rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Libya ($X per ton), while the average price for exports to Turkey ($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 Jordan (+48.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wadding Imports

Imports into Egypt

In 2021, imports of wadding into Egypt fell to X tons, waning by -14.5% compared with 2020. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2019 when imports increased by 86%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, wadding imports dropped to $X in 2021. In general, imports saw a pronounced contraction. The pace of growth was the most pronounced in 2015 with an increase of 99% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest wadding supplier to Egypt, accounting for a 64% share of total imports. Moreover, wadding imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. The Czech Republic (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+49.0% per year) and the Czech Republic (+21.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of wadding to Egypt, comprising 48% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports. It was followed by the Czech Republic, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +33.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+51.2% per year) and the Czech Republic (+41.9% per year).

Import Prices by Country

The average wadding import price stood at $X per ton in 2021, surging by 7.1% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wadding import price increased by +71.5% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 45% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+42.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform