Egypt: Market for Woven Pile Fabrics And Chenille Fabrics 2022

Market Size for Woven Pile Fabrics And Chenille Fabrics in Egypt

In 2021, the Egyptian pile and chenille fabric market was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, consumption, however, showed a drastic downturn. Pile and chenille fabric consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Woven Pile Fabrics And Chenille Fabrics in Egypt

In value terms, pile and chenille fabric production totaled $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Egypt

In 2021, exports of woven pile fabrics and chenille fabrics from Egypt surged to X tons, rising by X% on the year before. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, pile and chenille fabric exports rose rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for pile and chenille fabric exports from Egypt, with a X% share of total exports. Moreover, pile and chenille fabric exports to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-X% per year) and the United States (+X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for pile and chenille fabric exports from Egypt, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports. It was followed by Algeria, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-X% per year) and Algeria (+X% per year).

Export Prices by Country

In 2021, the average pile and chenille fabric export price amounted to $X per ton, declining by -X% against the previous year. Overall, the export price saw a abrupt contraction. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Algeria ($X per ton), while the average price for exports to Saudi Arabia ($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 Algeria (+X%), while the prices for the other major destinations experienced a decline.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Egypt

In 2021, purchases abroad of woven pile fabrics and chenille fabrics was finally on the rise to reach X tons after eight years of decline. Overall, imports, however, continue to indicate a deep setback. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, pile and chenille fabric imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable contraction. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons) and China (X tons) were the main suppliers of pile and chenille fabric imports to Egypt.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +X value terms, China ($X) constituted the largest supplier of pile and chenille fabric to Egypt, comprising X% of total imports. The second position in the ranking was held by India ($X), with less than X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -X%.

Import Prices by Country

In 2021, the average pile and chenille fabric import price amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the import price, however, saw a measured increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%).

Source: IndexBox Market Intelligence Platform

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