Egypt: Men Knitwear Market 2024

Men Knitwear Market Size in Egypt

The Egyptian men knitwear market contracted to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, continues to indicate pronounced growth. Men knitwear consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Men Knitwear Production in Egypt

In value terms, men knitwear production dropped to $X in 2022 estimated in export price. Overall, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Men Knitwear Exports

Exports from Egypt

In 2022, shipments abroad of men's or boys' clothing (knitted or crocheted) increased by X% to X units, rising for the second year in a row after four years of decline. Overall, exports, however, recorded a pronounced slump. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, men knitwear exports soared to $X in 2022. In general, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X units) was the main destination for men knitwear exports from Egypt, accounting for a X% share of total exports. Moreover, men knitwear exports to the United States exceeded the volume sent to the second major destination, Turkey (X units), more than tenfold. France (X units) 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 the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and France (X% per year).

In value terms, the United States ($X) remains the key foreign market for men's or boys' clothing (knitted or crocheted) exports from Egypt, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by France, with a X% share.

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

Export Prices by Country

In 2022, the average men knitwear export price amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Men Knitwear Imports

Imports into Egypt

Men knitwear imports into Egypt contracted markedly to X units in 2022, reducing by X% on 2021. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, men knitwear imports dropped to $X in 2022. Overall, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X units), China (X units) and Bangladesh (X units) were the main suppliers of men knitwear imports to Egypt, with a combined X% share of total imports. Brunei Darussalam, India, Jordan, Spain and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

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

In value terms, Turkey ($X), China ($X) and Bangladesh ($X) constituted the largest men knitwear suppliers to Egypt, together comprising X% of total imports. India, Brunei Darussalam, Jordan, Spain and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Brunei Darussalam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average men knitwear import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Bangladesh ($X per unit) and the United Arab Emirates ($X per unit), while the price for Spain ($X per unit) and Jordan ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :