Egypt: Hand-Woven Tapestry Market 2024

Hand-Woven Tapestry Market Size in Egypt

The Egyptian hand-woven tapestry market totaled $X in 2022, almost unchanged from the previous year. In general, consumption, however, saw a strong expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Hand-Woven Tapestry Production in Egypt

In value terms, hand-woven tapestry production rose remarkably to $X in 2022 estimated in export price. In general, production posted a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Hand-Woven Tapestry Exports

Exports from Egypt

Hand-woven tapestry exports from Egypt skyrocketed to X square meters in 2022, growing by X% compared with 2021 figures. Overall, exports posted strong growth. The exports peaked at X square meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, hand-woven tapestry exports soared to $X in 2022. Over the period under review, exports continue to indicate a remarkable increase. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X square meters), Portugal (X square meters) and Poland (X square meters) were the main destinations of hand-woven tapestry exports from Egypt, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand-woven tapestry exported from Egypt were Italy ($X), Jordan ($X) and Poland ($X), with a combined X% share of total exports.

Jordan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hand-woven tapestry export price stood at $X per square meter in 2022, almost unchanged from the previous year. In general, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per square meter), while the average price for exports to Portugal ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced mixed trend patterns.

Hand-Woven Tapestry Imports

Imports into Egypt

In 2022, overseas purchases of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais were finally on the rise to reach X square meters for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a precipitous descent. Over the period under review, imports hit record highs at X square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, hand-woven tapestry imports surged to $X in 2022. Over the period under review, imports, however, showed a dramatic decline. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Syrian Arab Republic (X square meters) constituted the largest supplier of hand-woven tapestry to Egypt, accounting for a X% share of total imports. Moreover, hand-woven tapestry imports from Syrian Arab Republic exceeded the figures recorded by the second-largest supplier, China (X square meters), more than tenfold. The third position in this ranking was held by India (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Syrian Arab Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, Syrian Arab Republic ($X) constituted the largest supplier of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais to Egypt, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Syrian Arab Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average hand-woven tapestry import price amounted to $X per square meter, rising by X% against the previous year. Overall, the import price recorded a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per square meter), while the price for the United States ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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