Egypt Textile Manufacturing Market Size
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2019 - 2020 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Egypt Textile Manufacturing Market Analysis
The Egyptian textile manufacturing industry is anticipated to register a CAGR of over 4% during the forecast period (2022- 2027).
Egypt's textile manufacturing industry is the second largest industry, with a 25% share in the entire apparel sector which accounts for 3% of GDP, and it is largely affected by the pandemic. Even with factories remaining open, textiles exports slumped 14% in 2020 to USD 2.81 billion compared to 3.721 billion in 2019. It is expected to recover back as rising foreign investments of USD 17.5 billion and the government trying to quadruple textile and garment exports by 2025.
The textiles industry is one of the five backbones industries of the Egyptian economy. It is a key Supplier of Primary Textile Materials to Garment, Home Textile Makers, and other industries. Both domestically and internationally, with having duty-free market access to the United States and European Union countries' textiles markets, it accounts for 50% of its exports to the United States and 30% to Europe countries.
In March 2022, Egypt has planned to open the world’s largest textiles factory in the city of El-Mahalla, which have a daily production capacity of 30 tonnes. It has announced incentives to grow high-quality cotton that fulfill factory needs which are expected to create opportunities for the players operating in the market.
Egypt Textile Manufacturing Market Trends
This section covers the major market trends shaping the Egypt Textile Manufacturing Market according to our research experts:
Increasing Trend in Exports of Raw Materials to Create Opportunities in the Market
About 90% of Egypt's raw material exports corresponded to cotton (not carded or combed) and artificial and synthetic fibers (mainly staple fibers, not carded or combed). Morocco was the primary destination (receiving 58% (USD 380,488 value) of Egypt’s total fiber exports to Agadir countries in 2019.
Egypt primarily exports cotton and artificial and synthetic fibers, which account for 90% of entire exports. Morocco was a major destination for Egypt’s fiber exports to Agadir countries in 2019, which is valued at USD 380,488.
In 2019, importing of short-staple cotton reached the highest level of more than 57K tons, which was valued at more than USD 90.19 million, and Greek cotton, which has a 62% share in short-staple cotton imports, surged 35% from the previous year.
Exports of cotton yarn fell to 21.7K tons with a fall of 16.8% from 2018 and 43% from 2015. The European region accounts for 49% of Egypt's cotton yarn exports, while Turkey is the second-largest market with a 35% share.
Increase in Raw Material Prices and Existing High Wages May Expect to Restrain the Market
The locally available raw material is at higher prices, as there is an increase in cotton consumption by spinning mills at a 3% annual growth. This is because lower price of imported yams and increased use of regenerated and synthetic fibers.
Wages in Egypt are higher than in competitors, whereas productivity is low. For example, wages in Egypt are USD 100 – 120, with 25-50% lower productivity than countries like Vietnam, India, and Bangladesh, which have wages at around USD 75 - 80.
The textile industry has lacked in embracing modernized equipment. Due to this, the cost of production is higher than in other countries. With continuous gas disconnection over months, gas load shedding problems show up in the industry.
The increase in the price of cotton and raw materials largely affects production. This is because of double-digit inflation and unstable internal conditions in Egypt. In 2020, the price of cotton increased by 21%.
Egypt Textile Manufacturing Industry Overview
The market is relatively fragmented, with a large number of players, including Egyptian International Textile Co. – Liontex, Giza Spinning and Weaving S.A.E, Startex Textile, Dyeing & Finishing Co., DNM Textile for Spinning Weaving and Dyeing, Salemtex, and Cotton & Textile Industries Holding Co., as the major players. The change in consumer needs and preferences due to the pandemic has driven the companies to incorporate the latest manufacturing techniques, and this is expected to increase further during the forecast period, thus providing opportunities to the existing & upcoming players.
Egypt Textile Manufacturing Market Leaders
Egyptian International Textile Co. - Liontex.
Mediterranean-textile company
Giza spinning and weaving S.A.E.
DNM textile for spining weaving and dyeing
Oriental weavers
Cotton and Textile Industries Holding Co
*Disclaimer: Major Players sorted in no particular order
Egypt Textile Manufacturing Market News
February 2022: Cotton & Textiles Holding Company partnered with Rieter Group and signed a contract in 2019.
January 2022: Mediterranean Textile Co. reinvented the Giza Cotton to expand its market possibilities and relevance to emerging market trends.
Egypt Textile Manufacturing Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunities
4.3 Value Chain/Supply Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 Technological Innovations in the Market
4.6 Government Initiatives and Regulations
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 Textile Type
5.1.1 Fiber
5.1.2 Yarn
5.1.3 Fabric
5.1.4 Garment
5.1.5 Other Textiles
5.2 Process Type
5.2.1 Spinning
5.2.2 Weaving
5.2.3 Knitting
5.2.4 Finishing
5.2.5 Other Process Types
5.3 Machinery Type
5.3.1 Simple Machines
5.3.2 Automated Machines
5.3.3 Console/Assembly Installations
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Egyptian International Textile Co. (Liontex)
6.2.2 Giza spinning and weaving S.A.E.
6.2.3 Startex Textile, Dyeing & Finishing Co.
6.2.4 DNM Textile for Spinning Weaving and Dyeing
6.2.5 Salemtex
6.2.6 Cotton and Textile Industries Holding Co.
6.2.7 Oriental Weavers
6.2.8 Mediterranean-Textile Company
6.2.9 Coats Egypt for Manufacturing and Dyeing Sewing Thread Sae
6.2.10 Misr Spinning and Weaving Company El Mehalla El Kubra*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. APPENDIX
9. DISCLAIMER
Egypt Textile Manufacturing Industry Segmentation
The report aims to provide a detailed analysis of the Egypt textile manufacturing industry. It focuses on market dynamics, technological trends, COVID-19 Impact, etc. The Egyptian textile manufacturing market is segmented by textile type (fiber, yarn, fabric, garment, and other textiles), process type (spinning, weaving, knitting, finishing, and other process types), and machinery type (simple machines, automated machines, and console/assembly line installations). The report offers market size and forecasts for the textile industry in value (USD billion) for all the above segments.
| Textile Type | |
| Fiber | |
| Yarn | |
| Fabric | |
| Garment | |
| Other Textiles |
| Process Type | |
| Spinning | |
| Weaving | |
| Knitting | |
| Finishing | |
| Other Process Types |
| Machinery Type | |
| Simple Machines | |
| Automated Machines | |
| Console/Assembly Installations |
Egypt Textile Manufacturing Market Research FAQs
What is the current Egypt Textile Manufacturing Market size?
The Egypt Textile Manufacturing Market is projected to register a CAGR of greater than 4% during the forecast period (2023-2028).
Who are the key players in Egypt Textile Manufacturing Market?
Egyptian International Textile Co. - Liontex., Mediterranean-textile company, Giza spinning and weaving S.A.E., DNM textile for spining weaving and dyeing, Oriental weavers and Cotton and Textile Industries Holding Co are the major companies operating in the Egypt Textile Manufacturing Market.
Apparel in Egypt Industry Report
Statistics for the 2023 Apparel in Egypt market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Apparel in Egypt analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
