Egypt’s Spinning, textiles and home furnishings during 2021 increased by about 25 percent to reach $1.567 billion, compared to $1.245 billion in 2020.
The Chairman of the Council, Said Ahmed, indicated in a statement, Monday, that the spinning and textiles sector rose in 2021 by about 20 percent, recording $916 million, compared to $763 million in 2020, and the “home furnishings” sector achieved an increase of 35 percent to $651 million, compared to $482 million in 2020.
Saeed added that textiles exports accounted for 42 percent of the sector’s total exports, indicating that they had increased by 25 percent, recording $387 million compared to 2020, followed by yarn exports, which accounted for 31 percent of the total exports, registering $284 million compared to 2020, followed by technical textiles exports, which accounted for 14 percent of the total exports, and fiber exports by 12 percent of the total textile exports in 2021.
Saeed noted that at the level of the largest export markets for spinning and textiles in 2021, the volume of exports rose to Italy by 22 percent, and exports to Algeria increased by 18 percent, and rose to Saudi Arabia by 42 percent and then Germany by 2 percent.
He added that Egypt’s exports of spinning and textiles to Tunisia increased by 27 percent, to Nigeria’s market by 27 percent, and also to Jordan, with a growth rate of 24 percent.
SOURCE: https://www.egypttoday.com/
