Egypt: Festive Articles Market 2024

Festive Articles Market Size in Egypt

The Egyptian festive articles market shrank to $X in 2023, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Festive Articles Production in Egypt

In value terms, festive articles production contracted slightly to $X in 2023 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Festive Articles Exports

Exports from Egypt

In 2023, overseas shipments of festive or carnival articles increased by X% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, festive articles exports soared to $X in 2023. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for festive articles exports from Egypt, with a X% share of total exports. Moreover, festive articles exports to Saudi Arabia exceeded the volume sent to the second major destination, Jordan (X tons), fourfold.

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

In value terms, Saudi Arabia ($X) remains the key foreign market for festive or carnival articles exports from Egypt, comprising X% of total exports. The second position in the ranking was held by Jordan ($X), with a X% share of total exports.

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

Export Prices by Country

The average festive articles export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Libya ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Festive Articles Imports

Imports into Egypt

In 2023, imports of festive or carnival articles into Egypt contracted to X tons, waning by X% against the previous year's figure. Overall, imports recorded a deep contraction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, festive articles imports dropped to $X in 2023. In general, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) was the main supplier of festive articles to Egypt, with a X% share of total imports. It was followed by Ireland (X kg), with a X% share of total imports. The United States (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (X.2% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of festive or carnival articles to Egypt, comprising X% of total imports. The second position in the ranking was held by Ireland ($X), with a X% share of total imports. It was followed by the United States, 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: Ireland (X.5% per year) and the United States (X% per year).

Import Prices by Country

In 2023, the average festive articles import price amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform