Egypt: Silk Yarn Market 2024

Silk Yarn Market Size in Egypt

The Egyptian silk yarn market reached $X in 2023, therefore, remained relatively stable against the previous year. Overall, consumption, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2021 when the market value increased by X% against the previous year. Silk yarn consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Silk Yarn Production in Egypt

In value terms, silk yarn production stood at $X in 2023 estimated in export price. In general, production, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Silk yarn production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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Silk Yarn Exports

Exports from Egypt

In 2023, overseas shipments of silk yarn and yarn spun from silk waste increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, silk yarn exports skyrocketed to $X in 2023. In general, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons), Libya (X tons) and Yemen (X kg) were the main destinations of silk yarn exports from Egypt, with a combined X% share of total exports. These countries were followed by Jordan, which accounted for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jordan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silk yarn exported from Egypt were the Czech Republic ($X), Libya ($X) and Yemen ($X), with a combined X% share of total exports. These countries were followed by Jordan, which accounted for a further X%.

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

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices reached the maximum in 2023 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were Libya ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Jordan ($X per ton) and Yemen ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into Egypt

In 2023, approx. X kg of silk yarn and yarn spun from silk waste were imported into Egypt; rising by X% compared with the previous year's figure. In general, imports, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, silk yarn imports skyrocketed to $X in 2023. Over the period under review, imports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

China (X kg), South Korea (X kg) and Hungary (X kg) were the main suppliers of silk yarn imports to Egypt, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silk yarn suppliers to Egypt were China ($X), South Korea ($X) and Hungary ($X), with a combined X% share of total imports.

Among the main suppliers, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average silk yarn import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Brazil ($X per ton) and Hungary ($X per ton), while the price for South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform