Egypt: Silk Yarn Market 2023

Silk Yarn Market Size in Egypt

In 2021, the Egyptian silk yarn market was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. Overall, consumption, however, faced a abrupt decrease. Silk yarn consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silk Yarn Production in Egypt

In value terms, silk yarn production contracted modestly to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 1.7%. Silk yarn production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Silk Yarn Exports

Exports from Egypt

In 2021, approx. X tons of silk yarn and yarn spun from silk waste were exported from Egypt; increasing by 19% against 2020 figures. Over the period under review, exports, however, continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 248%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, silk yarn exports soared to $X in 2021. Overall, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2019 with an increase of 162%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), the United States (X tons) and Belgium (X kg) were the main destinations of silk yarn exports from Egypt, together comprising 87% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +38.7%), while the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) remains the key foreign market for silk yarn and yarn spun from silk waste exports from Egypt, comprising 38% of total exports. The second position in the ranking was held by Nigeria ($X), with a 17% share of total exports. It was followed by the United States, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+18.9% per year) and the United States (-12.2% per year).

Export Prices by Country

In 2021, the average silk yarn export price amounted to $X per ton, with a decrease of -2.8% against the previous year. Over the period under review, the export price, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 63% against the previous year. The export price peaked at $X per ton in 2020, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+47.7%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into Egypt

In 2021, the amount of silk yarn and yarn spun from silk waste imported into Egypt soared to X tons, increasing by 16% against the previous year's figure. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 436%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, silk yarn imports rose remarkably to $X in 2021. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 241% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

The United States (X tons), Turkey (X tons) and China (X kg) were the main suppliers of silk yarn imports to Egypt, together accounting for 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +59.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X) constituted the largest supplier of silk yarn and yarn spun from silk waste to Egypt, comprising 69% of total imports. The second position in the ranking was held by the United States ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +40.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+28.6% per year) and China (-18.0% per year).

Import Prices by Country

In 2021, the average silk yarn import price amounted to $X per ton, which is down by -7.4% against the previous year. In general, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-7.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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