Egypt: Alcohols Market 2021

Alcohols Market Size in Egypt

The Egyptian alcohols market soared to $X in 2020, jumping by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Alcohols Production in Egypt

In value terms, alcohols production totaled $X in 2020 estimated in export prices. Over the period under review, the total production indicated a slight increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Alcohols production peaked at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Alcohols Exports

Exports from Egypt

In 2020, overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by -X% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Exports peaked at X tons in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, alcohols exports contracted significantly to $X in 2020. Over the period under review, exports, however, continue to indicate a slight expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for alcohols exports from Egypt, with a X% share of total exports. Moreover, alcohols exports to Turkey exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was occupied by France (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Turkey stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-X% per year) and France (+X% per year).

In value terms, Turkey ($X), France ($X) and Italy ($X) constituted the largest markets for alcohols exported from Egypt worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Turkey saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was France ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced a decline.

Alcohols Imports

Imports into Egypt

In 2020, purchases abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by -X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, continue to indicate measured growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, alcohols imports dropped dramatically to $X in 2020. Overall, total imports indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Saudi Arabia (X tons) constituted the largest alcohols supplier to Egypt, accounting for a X% share of total imports. Moreover, alcohols imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Kuwait (X tons), twofold. The third position in this ranking was occupied by India (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Saudi Arabia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (+X% per year) and India (+X% per year).

In value terms, the largest alcohols suppliers to Egypt were Saudi Arabia ($X), India ($X) and China ($X), together comprising X% of total imports. These countries were followed by Thailand, Sweden, Germany, Kuwait, Malaysia, South Korea, Indonesia, the United Arab Emirates, Brazil and Russia, which together accounted for a further X terms of the main suppliers, Thailand recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was India ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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