Report Update Nov 1, 2024

Egypt - Acrylic Acid and Its Salts and Other Monocarboxylic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Egypt: Monocarboxylic Acid Market 2024

Monocarboxylic Acid Market Size in Egypt

In 2022, the Egyptian monocarboxylic acid market was finally on the rise to reach $X after three years of decline. In general, consumption posted a buoyant increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Monocarboxylic Acid Exports

Exports from Egypt

After three years of growth, shipments abroad of acrylic acid and its salts and other monocarboxylic acid decreased by -49.7% to X tons in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 2,113% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, monocarboxylic acid exports contracted significantly to $X in 2022. In general, exports saw a dramatic descent. The growth pace was the most rapid in 2019 when exports increased by 858%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

From 2012 to 2022, the average annual growth rate of volume to No country was relatively modest.

From 2012 to 2022, the average annual growth rate of value to No country was relatively modest.

Export Prices by Country

The average monocarboxylic acid export price stood at $X per ton in 2021, dropping by -28.2% against the previous year. In general, the export price recorded a sharp curtailment. The growth pace was the most rapid in 2015 an increase of 414% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2012 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to +18.1% per year.

Monocarboxylic Acid Imports

Imports into Egypt

In 2022, overseas purchases of acrylic acid and its salts and other monocarboxylic acid were finally on the rise to reach X tons after three years of decline. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 107% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, monocarboxylic acid imports surged to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 105% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of monocarboxylic acid to Egypt, with a 58% share of total imports. Moreover, monocarboxylic acid imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. South Korea (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+54.2% per year) and South Korea (+41.8% per year).

In value terms, China ($X) constituted the largest supplier of acrylic acid and its salts and other monocarboxylic acid to Egypt, comprising 68% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.7% share of total imports. It was followed by South Korea, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.1% per year) and South Korea (+35.3% per year).

Import Prices by Country

In 2022, the average monocarboxylic acid import price amounted to $X per ton, declining by -10.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 84% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acrylic acid and its salts and other monocarboxylic acid in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 43% of global consumption. Russia, Brazil, Indonesia, Japan, Germany, Mexico, Malaysia, Canada, Democratic Republic of the Congo and Saudi Arabia lagged somewhat behind, together accounting for a further 31%.

What are the largest producers of acrylic acid and its salts and other monocarboxylic acid in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 45% of global production. Japan, Germany, Russia, Saudi Arabia, Indonesia, Brazil, Mexico, Malaysia, Belgium and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 38%.

What are the leading suppliers of acrylic acid and its salts and other monocarboxylic acid to Egypt?

In value terms, China constituted the largest supplier of monocarboxylic acid to Egypt, comprising 62% of total imports. The second position in the ranking was occupied by Germany, with a 16% share of total imports. It was followed by Russia, with a 9.1% share.

What are the leading importers of acrylic acid and its salts and other monocarboxylic acid from Egypt?

In value terms, Morocco remains the key foreign market for monocarboxylic acid exports from Egypt.

What is the average export price for acrylic acid and its salts and other monocarboxylic acid in Egypt?

The average monocarboxylic acid export price stood at $403 per ton in 2021, with a decrease of -58.4% against the previous year.

What is the average import price for acrylic acid and its salts and other monocarboxylic acid in Egypt?

In 2021, the average monocarboxylic acid import price amounted to $2,517 per ton, growing by 16% against the previous year.

This report provides an in-depth analysis of the monocarboxylic acid market in Egypt. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143310 - Acrylic acid and its salts and other monocarboxylic acid

Country coverage:

Egypt

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Egypt
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023