Egypt: Greasy Wool Market 2024

Greasy Wool Market Size in Egypt

In 2022, the Egyptian greasy wool market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Greasy Wool Production in Egypt

In value terms, greasy wool production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Greasy wool production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Greasy Wool Exports

Exports from Egypt

In 2022, approx. X tons of greasy wool were exported from Egypt; with a decrease of X% on 2021 figures. In general, exports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, greasy wool exports dropped significantly to $X in 2022. Overall, exports faced a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for greasy wool exports from Egypt, accounting for a X% share of total exports. Moreover, greasy wool exports to India exceeded the volume sent to the second major destination, Italy (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and the UK (X% per year).

In value terms, India ($X), Italy ($X) and the UK ($X) constituted the largest markets for greasy wool exported from Egypt worldwide, together accounting for X% of total exports.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average greasy wool export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then shrank notably in the following year.

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

Greasy Wool Imports

Imports into Egypt

In 2021, overseas purchases of greasy wool decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports showed a sharp contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, greasy wool imports reduced markedly to $X in 2021. Overall, imports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of greasy wool to Egypt, with a X% share of total imports. Moreover, greasy wool imports from Australia exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold. The third position in this ranking was taken by New Zealand (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Australia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and New Zealand (X% per year).

In value terms, Australia ($X) constituted the largest supplier of greasy wool to Egypt, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and New Zealand (X% per year).

Import Prices by Country

The average greasy wool import price stood at $X per ton in 2021, declining by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Uruguay ($X per ton) and Australia ($X per ton), while the price for New Zealand ($X per ton) and South Africa ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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