Egypt Cookware Market | Country-Wise Share and Competition Analysis
In the year 2021, Turkey was the largest exporter in terms of value, followed by China. It has registered a growth of 15.68% over the previous year. While China registered a growth of 34.37% as compared to the previous year. In the year 2017, Turkey was the largest exporter followed by Italy. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Egypt has a Herfindahl index of 3638 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 4952 which signifies high concentration in the market.
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Egypt Cookware Market - Export Market Opportunities
Topics Covered in the Egypt Cookware Market
Egypt Cookware Market report thoroughly covers the market by material types, by product types, by distribution channels, by applications, and by regions. 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.
Latest (2023) Development of the Egypt Cookware Market
Egypt Cookware Market has seen impressive growth over the years, with several latest developments projected to drive further expansion. The growth of this market is primarily due to increased domestic manufacturing and increased government investment in infrastructure projects, prompting international brands to set up operations within the country. Simultaneously, consumer preferences have been shifting towards more contemporary and innovative cooking tools that enable healthier lifestyles. Sustainability concerns are also playing an important role, with manufacturers investing more resources into developing eco-friendly alternatives.
Egypt Cookware Market Synopsis
The Egypt cookware market witnessed moderate growth during the period 2017-2019 underpinned by rapid growth in population and rising urbanization in the country. However, the Covid-19 pandemic brought a decline in market revenues during the year 2020 as the movement restrictions imposed during the pandemic period disrupted the supply chain leading to a fall in market demand and hence the market revenues.
According to 6Wresearch, the Egypt Cookware Market size is projected to grow at a CAGR of 6.0% during 2021-2017F. The primary reason for the growth in the Egypt Cookware industry can be attributed to the rapid urbanization and rising population. Moreover, with the rising number of restaurants, cafes, and food joints in the country, the demand for cookware products would augment the commercial sector. Furthermore, in 2021, 14 hotels will open doors in Egypt, among which 4 are already in the preopening phase. For 2022, another 14 hotel projects are due for completion, while 12 properties are already in the pipeline for 2023, which would further boost the demand for cookware from the commercial sector of the country.
Market by Material Types Analysis
In terms of material types, aluminum cookware contributed a 67.7% revenue share in the Egypt cookware market in 2020 on the back of their wide usage in ovens. Moreover, in the coming years with the rise in urbanization and increasing awareness regarding the usage of gas stoves and cookers, the growth in aluminum cookware is expected in the Egypt cookware market. On account of the non-stick properties of the Teflon-coated aluminum cookware and granite-coated aluminum cookware, they are also widely preferred by the Egyptians in the urban areas of the country.
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Market by Distribution Channels Analysis
In 2020, the offline distribution channel acquired a 95.4% revenue share in Egypt cookware market owing to the large retail sector present in the market along with the traditional trade and large format retailers. People generally prefer buying cookware from offline stores as it helps them in checking the quality of different cookware on the basis of design, size, and quality physically. The online shopping spectrum has widened beyond retail goods and as a result, consumers are using the internet for purchasing necessities like cookware. E-retailing and digital advertising have paced up around Egypt and online marketing activities are being aggressively used by the top companies. Online advertising has helped the customers in the easy access of the products and the vendors are benefitted from the reduced operational costs. These factors would have a positive effect on the sales of cookware in the upcoming years through online channels.
COVID-19 Impact on the Egypt Cookware Market
The global pandemic has indisputably had a significant impact on the Egypt Cookware Market, resulting in a gradual shift in consumer behavior, with people spending more time cooking at home due to lockdowns and restrictions. There has been an increase in demand for kitchen appliances such as cookware, utensils, and bakeware. However, due to the economic instability caused by COVID-19, consumers have become more price-sensitive. Supply chain disruptions have been an additional challenge for manufacturers, as factory shutdowns have made it difficult to source raw materials, leading to production delays and impacting the Egypt Cookware Market Size.
Key Players in the Egypt Cookware Market
Egypt Cookware Market has several key players that dominate the industry. These companies have established a strong presence in the market which includes
- Zanussi Egypt
- Tefal Egypt
- Miraco Carrier
- Philco Trading & Marketing Corporation
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020.
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Egypt Cookware Market Overview
- Egypt Cookware Market Outlook
- Egypt Cookware Market Forecast
- Historical Data and Forecast of Egypt Cookware Market Revenues, for the Period 2017-2027F
- Historical Data and Forecast of Market Revenues, By Material Types, for the Period 2017-2027F
- Historical Data and Forecast of Market Revenues, By Product Types, for the Period 2017-2027F
- Historical Data and Forecast of Market Revenues, By Applications, for the Period 2017-2027F
- Historical Data and Forecast of Market Revenues, By Distribution Channels, for the Period 2017-2027F
- Historical Data and Forecast of Market Revenues, By Regions, for the Period 2017-2027F
- Egypt Cookware Market Share, By Market Players
- Value Chain and Ecosystem
- Covid-19 Impact Analysis
- Market Drivers and Restraints
- Egypt Cookware Market Trends
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Material Types
- Stainless Steel
- Aluminium
- Others (Cast Iron, etc.)
By Product Types
- Pans (Fry Pans, Sauce Pans, etc.)
- Pots
- Others (pressure cookers, oven trays, etc.)
By Distribution Channels
- Online
- Offline
By Applications
- Residential
- Commercial
By Regions
- Nile Valley and Delta
- Eastern Desert
- Western Desert
- Sinai Peninsula
