Egypt Abaca Fiber Market Outlook

egypt has a well-established abaca fiber market due its well-developed infrastructure and vibrant agricultural industry. abaca is a strong, glossy, naturally produced fiber that is generally derived from the leaves of the abaca plant. egypt abaca fiber market outlook for the period 2018-2032 is positive with a steady overall growth rate. egypt has a large potential and existing market for abaca fiber with estimated market value of usd 430 million as per 2018. this demand is further driven by tourism that has led to improved infrastructure, increased production of traditional craft, and growing demand from both domestic and international markets. egypt has seen an increase in investment in the abaca fiber industry, due to its strong supply chain and high production capacity. the egyptian government continues to prioritize agricultural sector investments to support abaca fiber production. this has resulted in substantial improvement in the quality and quantity of abaca fiber in the country. improved techniques and technology has boosted productivity and helped meet the increasing demand. the egyptian government also follows a policy of subsidizing research and operations in the abaca fiber production to make investment into the industry more attractive. egypt has also benefited from new methods of processing and value addition for abaca fiber, allowing the key raw material of abaca fiber to reach all kinds of end-users. this new technology has improved the quality and efficient production of abaca fiber allowing for a positive growth in the market. overall, the outlook for egypt abaca fiber market is encouraging with favorable government policies and technology allowing for an increase in production and demand. the market for abaca fiber in egypt is expected to exhibit a steady but positive growth in the period of 2018-2032.