Egypt: Festive Articles Market 2024

Festive Articles Market Size in Egypt

The Egyptian festive articles market dropped to $X in 2022, which is down by X% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Festive articles consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Festive Articles Production in Egypt

In value terms, festive articles production dropped slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Festive Articles Exports

Exports from Egypt

In 2022, exports of festive or carnival articles from Egypt soared to X tons, growing by X% against the previous year's figure. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, festive articles exports soared to $X in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for festive articles exports from Egypt, with a X% share of total exports. Moreover, festive articles exports to Saudi Arabia exceeded the volume sent to the second major destination, Jordan (X tons), fivefold. Libya (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Libya (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for festive or carnival articles exports from Egypt, comprising X% of total exports. The second position in the ranking was held by Jordan ($X), with a X% share of total exports. It was followed by Libya, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Libya (X% per year).

Export Prices by Country

The average festive articles export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) 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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Festive Articles Imports

Imports into Egypt

In 2022, imports of festive or carnival articles into Egypt declined dramatically to X tons, waning by X% on 2021. Over the period under review, imports recorded a deep setback. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, festive articles imports contracted remarkably to $X in 2022. In general, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of festive articles to Egypt, with a X% share of total imports. It was followed by Lebanon (X kg), with a X% share of total imports. The third position in this ranking was held by Mexico (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (X% per year) and Mexico (X% per year).

In value terms, China ($X) constituted the largest supplier of festive or carnival articles to Egypt, comprising X% of total imports. The second position in the ranking was held by Lebanon ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average festive articles import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, festive articles import price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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