Price for Textiles; Worn Clothing and Other Worn Articles in Egypt - 2023

Contents:

1. Price for Textiles; Worn Clothing and Other Worn Articles in Egypt (CIF) - 2022
2. Price for Textiles; Worn Clothing and Other Worn Articles in Egypt (FOB) - 2022
3. Imports of Textiles; Worn Clothing and Other Worn Articles in Egypt
4. Exports of Textiles; Worn Clothing and Other Worn Articles in Egypt

Price for Textiles; Worn Clothing and Other Worn Articles in Egypt (CIF) - 2022

The average import price for textiles; worn clothing and other worn articleses stood at $1,312 per ton in 2022, dropping by -10.2% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average import price increased by 61% against the previous year. As a result, import price reached the peak level of $1,641 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($1,313 per ton) and Turkey ($1,313 per ton), while the price for Singapore ($1,312 per ton) and Spain ($1,312 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Textiles; Worn Clothing and Other Worn Articles in Egypt (FOB) - 2022

In 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $1,097 per ton, reducing by -4.5% against the previous year. In general, the export price, however, enjoyed tangible growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 173%. Over the period under review, the average export prices attained the maximum at $1,203 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Brunei Darussalam ($1,097 per ton) and Jordan ($1,097 per ton), while the average price for exports to Sudan ($1,097 per ton) and Syrian Arab Republic ($1,097 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textiles; Worn Clothing and Other Worn Articles in Egypt

In 2022, overseas purchases of textiles; worn clothing and other worn articleses were finally on the rise to reach 5K tons after two years of decline. Over the period under review, imports, however, continue to indicate a slight decline.

In value terms, imports of textiles; worn clothing and other worn articleses surged to $6.6M in 2022. Overall, imports, however, saw a relatively flat trend pattern.

Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Egypt in 2022:

1. United Arab Emirates (3740.1 tons)
2. Belgium (367.6 tons)
3. Spain (287.4 tons)
4. United States (203.8 tons)
5. Singapore (79.2 tons)
6. Italy (68.8 tons)
7. China (4.3 tons)
8. Turkey (1.8 tons)

Exports of Textiles; Worn Clothing and Other Worn Articles in Egypt

In 2022, shipments abroad of textiles; worn clothing and other worn articleses decreased by -42.8% to 174 tons, falling for the second year in a row after two years of growth. Overall, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2020 when exports increased by 30%. As a result, the exports reached the peak of 312 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of textiles; worn clothing and other worn articleses contracted rapidly to $191K in 2022. Over the period under review, exports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2020 when exports increased by 88% against the previous year.

Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Egypt in 2022:

1. United States (33.9 tons)
2. Turkey (18.3 tons)
3. Jordan (17.7 tons)
4. Ethiopia (11.3 tons)
5. Sudan (10.7 tons)
6. Saudi Arabia (8.3 tons)
7. Syrian Arab Republic (6.6 tons)
8. Sierra Leone (6.6 tons)
9. Russia (4.8 tons)
10. Brunei Darussalam (4.6 tons)
11. Sri Lanka (4.2 tons)
12. South Africa (3.2 tons)
13. Romania (3.1 tons)

Source: IndexBox Market Intelligence Platform