Sheepskin and Lambskin Market Overview in Egypt

In 2019, the Egyptian sheepskin and lambskin market increased by % to $ for the first time since 2014, thus ending a four-year declining trend. Overall, consumption, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $. From 2015 to 2019, the growth of the market remained at a lower figure.

In value terms, sheepskin and lambskin production totaled $ in 2019 estimated in export prices. Over the period under review, production, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of % y-o-y. As a result, production attained the peak level of $. From 2015 to 2019, production growth remained at a somewhat lower figure.

The average yield of sheep or lamb skins (without wool) in Egypt expanded remarkably to kg per heads in 2019, growing by % against the year before. In general, the yield, however, showed a relatively flat trend pattern. Over the period under review, the average sheepskin and lambskin yield attained the peak level at kg per heads in 2008; however, from 2009 to 2019, the yield remained at a lower figure.

In 2019, number of animals slaughtered for sheepskin and lambskin production in Egypt declined to heads, approximately mirroring the year before. Over the period under review, the number of producing animals continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of % y-o-y. The number of animals slaughtered for sheepskin and lambskin production peaked at heads in 2007; however, from 2008 to 2019, producing animals remained at a lower figure.

In 2019, consumption of sheep or lamb skins (without wool) was finally on the rise to reach tonnes after two years of decline. Overall, consumption, however, recorded a perceptible descent. Sheepskin and lambskin consumption peaked at tonnes in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

The revenue of the sheepskin and lambskin market in Egypt expanded notably to $ in 2019, increasing by % against 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). In general, consumption, however, continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2014 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.

Depressed by shrinking demand for sheepskin and lambskin in Egypt, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .

Over the period under review, the share of imports in terms of total sheepskin and lambskin consumption in Egypt was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Egypt sheepskin and lambskin market is largely supplied by domestic manufacturers.

Egypt remains a net importer of sheepskin and lambskin; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.