EGYPT DEVELOPS KNITWEAR SECTOR FROM NICHE TO SIGNIFICANT EXPORT PLAYER
November 22nd, 2022
Egyptian knitwear manufacturers have profited from strong international demand over the past two years, being able to tap into the diversification and nearshoring trend of US and European buyers wanting to avoid over-reliance on Asian sourcing, especially in China. However, export sales have slowed since the summer as consumer sentiment has weakened in key overseas markets, which has caused a hiatus in further investment by some manufacturers.
“Knitwear is booming in Egypt as we are becoming the go-to market due to our geographic location and quality, and ...
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