Price for Embroidery; in the Piece, in Strips or in Motifs in Egypt - 2023

Contents:

  1. Price for Embroidery; in the Piece, in Strips or in Motifs in Egypt (CIF) - 2022
  2. Price for Embroidery; in the Piece, in Strips or in Motifs in Egypt (FOB) - 2022
  3. Imports of Embroidery; in the Piece, in Strips or in Motifs in Egypt
  4. Exports of Embroidery; in the Piece, in Strips or in Motifs in Egypt

Price for Embroidery; in the Piece, in Strips or in Motifs in Egypt (CIF) - 2022

The average import price for embroidery; in the piece, in strips or in motifses stood at $54,275 per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 296% against the previous year. The import price peaked at $54,911 per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($65,371 per ton), while the price for Turkey stood at $12,086 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Embroidery; in the Piece, in Strips or in Motifs in Egypt (FOB) - 2022

In 2022, the average export price for embroidery; in the piece, in strips or in motifses amounted to $145,294 per ton, picking up by 21% against the previous year. In general, the export price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of 1,196%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Algeria.

From 2012 to 2022, the rate of growth in terms of prices for Algeria amounted to +30.2% per year.

Imports of Embroidery; in the Piece, in Strips or in Motifs in Egypt

In 2022, approx. 73 tons of embroidery; in the piece, in strips or in motifses were imported into Egypt; declining by -24.8% compared with the previous year. Overall, imports faced a dramatic descent.

In value terms, imports of embroidery; in the piece, in strips or in motifses dropped dramatically to $4M in 2022. Over the period under review, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 104%. As a result, imports reached the peak of $5.9M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Embroidery; in the Piece, in Strips or in Motifs in Egypt (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.65.44.53.732.2%
Turkey0.70.20.20.2-34.1%
United Arab Emirates0.10.10.2N/A41.4%
Others0.40.10.50.1-37.0%
Total2.95.95.34.011.3%

Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Egypt in 2022:

  1. China (56.3 tons)
  2. Turkey (16.4 tons)

Exports of Embroidery; in the Piece, in Strips or in Motifs in Egypt

In 2022, overseas shipments of embroidery; in the piece, in strips or in motifses decreased by -95.5% to 17 kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a sharp decrease. The growth pace was the most rapid in 2020 when exports increased by 2.1% against the previous year. As a result, the exports reached the peak of 2 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of embroidery; in the piece, in strips or in motifses shrank significantly to $2.5K in 2022. Over the period under review, exports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 1,224%. As a result, the exports attained the peak of $227K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Embroidery; in the Piece, in Strips or in Motifs in Egypt (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AlgeriaN/A21520.92.5-89.2%
South KoreaN/A8.14.5N/A-44.4%
ChinaN/A3.46.5N/A91.2%
MoroccoN/AN/A10.2N/A0%
Oman1.7N/AN/AN/A0%
United Arab Emirates3.8N/AN/AN/A0%
Saudi Arabia11.6N/AN/AN/A0%
OthersN/AN/A2.7N/A0%
Total17.122744.92.5-47.3%

Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Egypt in 2022:

  1. Algeria (17.0 kg)

Source: IndexBox Market Intelligence Platform

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