Egypt: Alkyd Resins Market 2024

Alkyd Resins Market Size in Egypt

In 2022, the Egyptian alkyd resins market increased by 22% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Alkyd resins consumption peaked in 2022 and is expected to retain growth in the near future.

Alkyd Resins Production in Egypt

In value terms, alkyd resins production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 14% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Alkyd Resins Exports

Exports from Egypt

In 2022, the amount of alkyd resins in primary forms exported from Egypt declined sharply to X tons, which is down by -41.3% against the previous year's figure. Overall, exports saw a noticeable contraction. The pace of growth appeared the most rapid in 2017 with an increase of 43%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, alkyd resins exports fell significantly to $X in 2022. Over the period under review, exports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.

Exports by Country

Sudan (X tons) was the main destination for alkyd resins exports from Egypt, accounting for a 20% share of total exports. Moreover, alkyd resins exports to Sudan exceeded the volume sent to the second major destination, Yemen (X tons), twofold. The third position in this ranking was taken by Uganda (X tons), with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume to Sudan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-7.2% per year) and Uganda (-2.4% per year).

In value terms, Sudan ($X) remains the key foreign market for alkyd resins in primary forms exports from Egypt, comprising 20% of total exports. The second position in the ranking was held by Yemen ($X), with a 9.5% share of total exports. It was followed by Uganda, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to Sudan totaled +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-5.0% per year) and Uganda (-0.1% per year).

Export Prices by Country

In 2022, the average alkyd resins export price amounted to $X per ton, with an increase of 16% against the previous year. Overall, the export price recorded perceptible growth. The most prominent rate of growth was recorded in 2020 an increase of 57%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Uganda ($X per ton) and Cote d'Ivoire ($X per ton), while the average price for exports to Sudan ($X per ton) and Angola ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Madagascar (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Alkyd Resins Imports

Imports into Egypt

In 2022, supplies from abroad of alkyd resins in primary forms decreased by -53.9% to X tons, falling for the second consecutive year after two years of growth. Overall, imports faced a deep downturn. The growth pace was the most rapid in 2019 when imports increased by 50%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, alkyd resins imports dropped notably to $X in 2022. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2019 when imports increased by 31%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest alkyd resins supplier to Egypt, accounting for a 44% share of total imports. Moreover, alkyd resins imports from Italy exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. Austria (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+17.3% per year) and Austria (+15.3% per year).

In value terms, Italy ($X) constituted the largest supplier of alkyd resins in primary forms to Egypt, comprising 44% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total imports. It was followed by Austria, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+19.4% per year) and Austria (+17.3% per year).

Import Prices by Country

In 2022, the average alkyd resins import price amounted to $X per ton, growing by 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Jordan ($X per ton) and Austria ($X per ton), while the price for Italy ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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