Price for Woven Fabrics of Artificial Staple Fibres in Egypt - 2023
Contents:
- Price for Woven Fabrics of Artificial Staple Fibres in Egypt (CIF) - 2022
- Price for Woven Fabrics of Artificial Staple Fibres in Egypt (FOB) - 2023
- Imports of Woven Fabrics of Artificial Staple Fibres in Egypt
- Exports of Woven Fabrics of Artificial Staple Fibres in Egypt
Price for Woven Fabrics of Artificial Staple Fibres in Egypt (CIF) - 2022
In 2021, the average import price for woven fabrics of artificial staple fibres amounted to $14 per square meter, surging by 674% against the previous year. Over the period under review, the import price, however, showed a mild downturn. Over the period under review, average import prices attained the peak figure at $16 per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
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 -5.6% per year.
Price for Woven Fabrics of Artificial Staple Fibres in Egypt (FOB) - 2023
The average export price for woven fabrics of artificial staple fibres stood at $3.8 per square meter in September 2023, waning by -9.8% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average export price increased by 28% m-o-m. The export price peaked at $4.2 per square meter in August 2023, and then declined in the following month.
Average prices varied noticeably for the major export markets. In September 2023, the country with the highest price was Algeria ($4.1 per square meter), while the average price for exports to Turkey totaled $3.5 per square meter.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Woven Fabrics of Artificial Staple Fibres in Egypt
In 2022, the amount of woven fabrics of artificial staple fibres imported into Egypt shrank dramatically to 108K square meters, waning by -89.2% compared with the previous year's figure. Over the period under review, imports saw a precipitous descent. The smallest decline of -49.7% was in 2020. Over the period under review, imports of hit record highs at 9.1M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of woven fabrics of artificial staple fibres reduced remarkably to $479K in 2022. In general, imports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2021 when imports increased by 71% against the previous year. As a result, imports reached the peak of $14M, and then declined remarkably in the following year.
| Import of Woven Fabrics of Artificial Staple Fibres in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 7.9 | 14.4 | 10.4 | 14.7% | |
| India | 0.4 | 0.3 | 0.2 | -29.3% | |
| Others | 3.7 | -6.5 | 3.4 | -4.1% | |
| Total | 12.1 | 8.2 | 14.0 | 7.6% | |
Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Egypt in 2022:
- China (1820.1K square meters)
- India (14.0K square meters)
Exports of Woven Fabrics of Artificial Staple Fibres in Egypt
Exports of woven fabrics of artificial staple fibres from Egypt soared to 618K square meters in 2022, surging by 101% on the previous year's figure. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 281% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of woven fabrics of artificial staple fibres soared to $9.9M in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 245% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Woven Fabrics of Artificial Staple Fibres in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Turkey | 488 | 504 | 3,917 | 183.3% | |
| Saudi Arabia | 91.3 | N/A | 692 | 175.3% | |
| Jordan | 11.3 | 48.8 | 611 | 635.3% | |
| Morocco | 174 | 118 | 274 | 25.5% | |
| Algeria | N/A | N/A | 234 | 0% | |
| Others | 1,958 | 1,092 | 360 | -57.1% | |
| Total | 2,723 | 1,762 | 6,088 | 49.5% | |
Top Export Markets for Woven Fabrics of Artificial Staple Fibres from Egypt in 2022:
- Turkey (558.8K square meters)
- Jordan (202.3K square meters)
- Morocco (40.0K square meters)
- Saudi Arabia (28.7K square meters)
- Algeria (14.4K square meters)
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