Synthetic Yarn Market Overview in Egypt
In value terms, synthetic yarn production rose markedly to $ in estimated in export prices. Overall, production saw a significant expansion. The pace of growth was the most pronounced in 2012 when the production volume increased by % against the previous year. Synthetic yarn production peaked in and is likely to see steady growth in the near future.
The revenue of the synthetic yarn market in Egypt shrank to $ in , which is down 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, showed a prominent increase. The most prominent rate of growth was recorded in 2012 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. from 2013 to , the growth of the market remained at a lower figure.