Egypt: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Egypt

The Egyptian market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021, increasing by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Egypt

In 2021, shipments abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) decreased by -9.6% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 809% against the previous year. The exports peaked at X tons in 2020, and then declined in the following year.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 569%. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X tons), Kenya (X tons) and Uganda (X tons) were the main destinations of exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Egypt, together comprising 44% of total exports. These countries were followed by Morocco, Turkey, the Dominican Republic, Vietnam, Spain, Algeria, the United Arab Emirates, Chile, Ukraine and Poland, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +386.6%), while the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X), Uganda ($X) and Saudi Arabia ($X) constituted the largest markets for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Egypt worldwide, with a combined 34% share of total exports. Morocco, Turkey, the Dominican Republic, Vietnam, Spain, Algeria, Chile, Ukraine, Poland and the United Arab Emirates lagged somewhat behind, together accounting for a further 43%.

Among the main countries of destination, Vietnam, with a CAGR of +394.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, picking up by 62% against the previous year. Overall, the export price, however, saw a abrupt descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Uganda ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Egypt

Imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) into Egypt expanded slightly to X tons in 2021, increasing by 4.9% against the previous year. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 18% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports of attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Egypt, together accounting for 45% of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +68.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to Egypt were Turkey ($X), Saudi Arabia ($X) and Belgium ($X), with a combined 44% share of total imports.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +64.0%, saw 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

The average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, growing by 27% against the previous year. In general, the import price, however, continues to indicate a noticeable descent. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were India ($X per ton) and the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform