Egypt: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Egypt

In 2021, the Egyptian walking-sticks and whips market was finally on the rise to reach $X after three years of decline. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 -11.7% against 2016 indices. Walking-sticks and whips consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Walking-Sticks And Whips Production in Egypt

In value terms, walking-sticks and whips production rose significantly to $X in 2021 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 -5.7% against 2016 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 64% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Walking-Sticks And Whips Exports

Exports from Egypt

In 2021, the amount of walking-sticks, seat-sticks, whips and riding-crops exported from Egypt skyrocketed to X tons, picking up by 127% against the previous year's figure. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 6,869%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, walking-sticks and whips exports declined dramatically to $X in 2021. In general, exports showed a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 5,610%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for walking-sticks and whips exports from Egypt, accounting for a 78% share of total exports. Moreover, walking-sticks and whips exports to Saudi Arabia exceeded the volume sent to the second major destination, Turkey (X kg), tenfold. The third position in this ranking was held by Oman (X kg), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia amounted to +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+48.5% per year) and Oman (+37.2% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for walking-sticks and whips exports from Egypt, comprising 51% of total exports. The second position in the ranking was held by Turkey ($X), with an 18% share of total exports. It was followed by Oman, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia stood at +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+36.2% per year) and Oman (+27.5% per year).

Export Prices by Country

In 2021, the average walking-sticks and whips export price amounted to $X per ton, dropping by -66.3% against the previous year. In general, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2020 an increase of 120%. As a result, the export price reached the peak level of $X per ton, and then shrank markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Oman ($X per ton), while the average price for exports to Saudi Arabia ($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 Sudan (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Walking-Sticks And Whips Imports

Imports into Egypt

In 2021, imports of walking-sticks, seat-sticks, whips and riding-crops into Egypt expanded rapidly to X tons, increasing by 9.8% against the year before. In general, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 661% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, walking-sticks and whips imports surged to $X in 2021. Over the period under review, imports saw a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by 824%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest walking-sticks and whips supplier to Egypt, with a approx. 84% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +6.6%.

In value terms, China ($X) constituted the largest supplier of walking-sticks and whips to Egypt.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +8.6%.

Import Prices by Country

The average walking-sticks and whips import price stood at $X per ton in 2021, with an increase of 6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2018 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +1.9% per year.

Source: IndexBox Platform

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