Egypt: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Egypt

The Egyptian plastic ornamental articles market was estimated at $X in 2023, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a deep downturn. Plastic ornamental articles consumption peaked at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Plastic Ornamental Articles Exports

Exports from Egypt

Plastic ornamental articles exports from Egypt dropped sharply to X tons in 2023, waning by X% against the year before. Over the period under review, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic ornamental articles exports shrank to $X in 2023. Overall, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Libya (X tons) was the main destination for plastic ornamental articles exports from Egypt, accounting for a X% share of total exports. Moreover, plastic ornamental articles exports to Libya exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. The third position in this ranking was taken by Saudi Arabia (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Libya totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Saudi Arabia (X% per year).

In value terms, Libya ($X) remains the key foreign market for statuettes and other ornamental articles of plastic exports from Egypt, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Libya amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2023, the average plastic ornamental articles export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Canada ($X per ton) and Switzerland ($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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Egypt

In 2023, imports of statuettes and other ornamental articles of plastic into Egypt dropped slightly to X tons, waning by X% against 2022. Overall, imports saw a deep downturn. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, plastic ornamental articles imports contracted slightly to $X in 2023. In general, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest plastic ornamental articles supplier to Egypt, with a X% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), tenfold. The third position in this ranking was taken by the UK (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Egypt, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with an X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the UK (X% per year).

Import Prices by Country

In 2023, the average plastic ornamental articles import price amounted to $X per ton, shrinking by X% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, plastic ornamental articles import price increased by X% against 2012 indices. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and Turkey ($X per ton), while the price for the UK ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform