Egypt: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Egypt

In 2021, after three years of growth, there was significant decline in the Egyptian man-made filament fabric market, when its value decreased by -28.6% to $X. Overall, consumption, however, saw a relatively flat trend pattern. Man-made filament fabric consumption peaked at $X in 2020, and then shrank dramatically in the following year.

Man-Made Filament Fabric Production in Egypt

In value terms, man-made filament fabric production dropped sharply to $X in 2021 estimated in export price. Overall, production saw a mild curtailment. The growth pace was the most rapid in 2020 with an increase of 342%. As a result, production attained the peak level of $X, and then shrank notably in the following year.

Man-Made Filament Fabric Exports

Exports from Egypt

In 2021, shipments abroad of woven fabrics of man-made filaments and staple fibers increased by 20% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 183% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, man-made filament fabric exports rose markedly to $X in 2021. In general, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2019 when exports increased by 47% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), Turkey (X tons) and Algeria (X tons) were the main destinations of man-made filament fabric exports from Egypt.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +83.3%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Egypt, comprising 43% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 14% share of total exports. It was followed by Algeria, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Turkey amounted to +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+52.1% per year) and Algeria (+62.2% per year).

Export Prices by Country

The average man-made filament fabric export price stood at $X per ton in 2021, shrinking by -4.5% against the previous year. Overall, the export price, however, continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2016 an increase of 166% against the previous year. The export price peaked at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Yemen ($X per ton), while the average price for exports to Saudi Arabia ($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 Algeria (+20.8%), while the prices for the other major destinations experienced mixed trend patterns.

Man-Made Filament Fabric Imports

Imports into Egypt

In 2021, imports of woven fabrics of man-made filaments and staple fibers into Egypt surged to X tons, growing by 21% compared with the previous year's figure. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 320% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, man-made filament fabric imports skyrocketed to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +10.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 40% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of man-made filament fabric to Egypt, accounting for a 77% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+4.8% per year) and Saudi Arabia (+20.2% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of man-made filaments and staple fibers to Egypt, comprising 79% of total imports. The second position in the ranking was taken by India ($X), with a 4.4% share of total imports. It was followed by South Korea, with a 1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.1% per year) and South Korea (-16.3% per year).

Import Prices by Country

The average man-made filament fabric import price stood at $X per ton in 2021, rising by 13% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 178%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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