Egypt's Plaits & Basketwork Market Stable in 2024 Despite Production Drop
The Egyptian plaits and basketwork market remained stable in 2024, reaching $X, matching the previous year's figure in the stock market today. Despite this, exports surged, while production and consumption faced setbacks.
The market's value held steady in 2024, following a record high of $X in 2022 in the stock market. However, exports demonstrated remarkable growth, rising significantly from the previous year. This increase was not enough to offset the decline in production, which contracted dramatically to $X in 2024. The most notable production growth occurred in 2015, with a rate of X% in the stock market today.
On the consumption front, the total consumption of plaits and basketwork in Egypt increased at an average annual rate of X% from 2012 to 2024. However, in 2024, consumption decreased by X% compared to 2022 indices in the stock market today. Exports also faced a sudden decrease, with the most rapid growth rate recorded in 2013 at X%.
The Egyptian plaits and basketwork market showed resilience in 2024, maintaining its value despite production and consumption drops in the stock market today. Exports, however, demonstrated significant growth. The market's future trajectory remains uncertain, with key indicators showing mixed trends in the stock market today.
