Market Forecast By End User (Men, Women, Kids), By Type (Formal Wear, Casual Wear, Sports Wear, Night Wear, Other) And Competitive Landscape
Product Code: ETC213484 | Publication Date: May 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Egypt Apparel market currently, in 2023, has witnessed an HHI of 2238, Which has increased slightly as compared to the HHI of 1218 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Egypt Apparel Market |
Forecast period | 2024-2030 |
CAGR | 4.8% |
Growing Sector | Fashion |
Egypt Apparel Market report thoroughly covers the market by end use and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The apparel market in Egypt has seen a significant growth in recent years, driven by a growing population and an increasing demand for fashion and clothing. The country's economic reforms, such as the devaluation of the Egyptian pound and the implementation of new VAT laws, have also contributed to the growth of this market.
According to 6Wresearch, the Egypt Apparel Market size is projected to reach at a CAGR of 4.8% during the forecast period 2024-2030. One of the main drivers of the apparel market in Egypt is the country's large and growing population. With a current population, Egypt has a huge consumer base that is constantly demanding new and trendy clothing. In addition, rising urbanization rates have led to an increase in disposable income, allowing more people to afford fashionable apparel. The popularity of social media platforms has also played a significant role in driving the Egypt Apparel Market growth. With the rise of influencer culture and the constant exposure to new fashion trends, consumers are constantly seeking to update their wardrobes with the latest styles. Another key driver is the government's efforts to boost local manufacturing and reduce reliance on imported goods. This has resulted in incentives for local textile producers and reduced import tariffs, making locally produced apparel more affordable and attractive to consumers.
The Egyptian government has launched a series of initiatives aimed at bolstering the apparel industry. These include the establishment of industrial zones dedicated to textile production, financial incentives for modernizing manufacturing equipment, and trade agreements that provide better access to European and African markets. Additionally, vocational training programs are being funded to nurture a skilled labor force capable of producing high-quality garments.
The Egypt apparel market is flourishing with notable players that have established a strong presence both locally. Among these, companies like Cottonil, Dice Underwear, and Juhayna Textiles stand out as top manufacturers.
The Egypt apparel industry seems promising. The intersection of increased government support, technological advancements, and strategic geographic positioning positions Egypt to be a significant player in the global apparel industry. Emphasis on sustainable practices and adaptation to the digital economy will further enhance Egypt's appeal to international consumers and investors seeking ethical and innovative textile sources.
According to Dhaval, Research Manager, 6Wresearch, women's apparel is emerging as the only sector exhibiting a robust and consistent expansion. This surge is attributed to increasing fashion consciousness and the growing participation of women in the workforce, which has led to heightened demand for a diverse range of clothing options.
Based on the type, the casual wear segment is currently the fastest-growing type in the Egypt apparel market. This can be attributed to changing consumer preferences towards more comfortable and versatile clothing options, especially among the younger population.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Egypt Apparel Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Apparel Market Revenues & Volume, 2020 & 2030F |
3.3 Egypt Apparel Market - Industry Life Cycle |
3.4 Egypt Apparel Market - Porter's Five Forces |
3.5 Egypt Apparel Market Revenues & Volume Share, By End User, 2020 & 2030F |
3.6 Egypt Apparel Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.7 Egypt Apparel Market Revenues & Volume Share, By Type, 2020 & 2030F |
4 Egypt Apparel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Apparel Market Trends |
6 Egypt Apparel Market Segmentations |
6.1 Egypt Apparel Market, By End User |
6.1.1 Overview and Analysis |
6.1.2 Egypt Apparel Market Revenues & Volume, By Men, 2020-2030F |
6.1.3 Egypt Apparel Market Revenues & Volume, By Women, 2020-2030F |
6.1.4 Egypt Apparel Market Revenues & Volume, By Kids, 2020-2030F |
6.2 Egypt Apparel Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Egypt Apparel Market Revenues & Volume, By Formal Wear, 2020-2030F |
6.2.3 Egypt Apparel Market Revenues & Volume, By Casual Wear, 2020-2030F |
6.2.4 Egypt Apparel Market Revenues & Volume, By Sports Wear, 2020-2030F |
6.2.5 Egypt Apparel Market Revenues & Volume, By Night Wear, 2020-2030F |
6.2.6 Egypt Apparel Market Revenues & Volume, By Other, 2020-2030F |
6.3 Egypt Apparel Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Egypt Apparel Market Revenues & Volume, By Formal Wear, 2020-2030F |
6.3.3 Egypt Apparel Market Revenues & Volume, By Casual Wear, 2020-2030F |
6.3.4 Egypt Apparel Market Revenues & Volume, By Sports Wear, 2020-2030F |
6.3.5 Egypt Apparel Market Revenues & Volume, By Night Wear, 2020-2030F |
6.3.6 Egypt Apparel Market Revenues & Volume, By Other, 2020-2030F |
7 Egypt Apparel Market Import-Export Trade Statistics |
7.1 Egypt Apparel Market Export to Major Countries |
7.2 Egypt Apparel Market Imports from Major Countries |
8 Egypt Apparel Market Key Performance Indicators |
9 Egypt Apparel Market - Opportunity Assessment |
9.1 Egypt Apparel Market Opportunity Assessment, By End User, 2020 & 2030F |
9.2 Egypt Apparel Market Opportunity Assessment, By Type, 2020 & 2030F |
9.3 Egypt Apparel Market Opportunity Assessment, By Type, 2020 & 2030F |
10 Egypt Apparel Market - Competitive Landscape |
10.1 Egypt Apparel Market Revenue Share, By Companies, 2023 |
10.2 Egypt Apparel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |