Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Egypt - 2024

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Egypt (CIF) - 2022
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Egypt (FOB) - 2022
3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Egypt
4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Egypt

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Egypt (CIF) - 2022

The average import price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.4 per square meter in 2022, with an increase of 7.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 23%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Syrian Arab Republic ($3 per square meter), while the price for Jordan ($0.3 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Egypt (FOB) - 2022

The average export price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.4 per square meter in 2022, declining by -3.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2020 when the average export price increased by 39% against the previous year. As a result, the export price reached the peak level of $0.5 per square meter. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Albania ($0.7 per square meter), while the average price for exports to the United States ($0.4 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Egypt

In 2022, imports of fabrics, woven; from strip or the like, of synthetic textile materialses into Egypt dropped to 31M square meters, reducing by -13.4% on the previous year. Overall, imports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 77%. As a result, imports attained the peak of 36M square meters, and then fell in the following year.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses reduced to $12M in 2022. Over the period under review, total imports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +2.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 109%. As a result, imports attained the peak of $13M, and then shrank in the following year.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Egypt in 2022:

1. Saudi Arabia (17.8M square meters)
2. Turkey (4.0M square meters)
3. China (3.4M square meters)
4. Hungary (2.4M square meters)
5. Jordan (0.8M square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Egypt

After three years of growth, shipments abroad of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -17.9% to 5.5M square meters in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 299%. As a result, the exports reached the peak of 6.7M square meters, and then contracted rapidly in the following year.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses shrank rapidly to $2.4M in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 287% against the previous year. The exports peaked at $3.1M in 2021, and then reduced remarkably in the following year.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Egypt in 2022:

1. Algeria (1628.7K square meters)
2. Tunisia (1227.1K square meters)
3. Albania (457.8K square meters)
4. Jordan (407.0K square meters)
5. Kuwait (369.3K square meters)
6. Greece (234.6K square meters)
7. Mexico (196.4K square meters)
8. Turkey (195.4K square meters)
9. Saudi Arabia (170.6K square meters)
10. United States (118.7K square meters)
11. Libya (90.2K square meters)
12. Italy (88.2K square meters)
13. United Arab Emirates (83.6K square meters)

Source: IndexBox Market Intelligence Platform