Egypt: Amino Resin Market 2024

Amino Resin Market Size in Egypt

In 2022, the Egyptian amino resin market decreased by -13.3% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Amino Resin Production in Egypt

In value terms, amino resin production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of 42%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Amino Resin Exports

Exports from Egypt

Amino resin exports from Egypt reduced rapidly to X tons in 2022, with a decrease of -26% compared with the previous year's figure. Over the period under review, exports, however, posted notable growth. The pace of growth appeared the most rapid in 2015 with an increase of 144%. The exports peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, amino resin exports reduced remarkably to $X in 2022. Overall, exports, however, recorded a moderate increase. The pace of growth appeared the most rapid in 2021 when exports increased by 132% against the previous year. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

Morocco (X tons), Tunisia (X tons) and Italy (X tons) were the main destinations of amino resin exports from Egypt, together accounting for 85% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +45.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for amino resin exported from Egypt were Morocco ($X), Tunisia ($X) and Italy ($X), together comprising 87% of total exports.

Morocco, with a CAGR of +34.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average amino resin export price stood at $X per ton in 2022, shrinking by -15.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 125%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Turkey ($X per ton) and Tunisia ($X per ton), while the average price for exports to Italy ($X per ton) and Morocco ($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 Italy (-7.7%), while the prices for the other major destinations experienced a decline.

Amino Resin Imports

Imports into Egypt

After five years of growth, supplies from abroad of amino resins decreased by -45% to X tons in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 271% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined rapidly in the following year.

In value terms, amino resin imports dropped to $X in 2022. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 255%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

China (X tons), Saudi Arabia (X tons) and Belgium (X tons) were the main suppliers of amino resin imports to Egypt, with a combined 69% share of total imports. Portugal, Germany, Hungary, Italy and South Korea lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +294.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest amino resin suppliers to Egypt were China ($X), Saudi Arabia ($X) and Belgium ($X), together accounting for 69% of total imports. Portugal, Germany, Hungary, Italy and South Korea lagged somewhat behind, together comprising a further 24%.

Portugal, with a CAGR of +394.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average amino resin import price stood at $X per ton in 2022, surging by 63% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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