Egypt: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Egypt

The Egyptian stainless steel angle market rose markedly to $X in 2021, growing by 8.8% against the previous year. Over the period under review, consumption, however, recorded a noticeable decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Stainless Steel Angle Production in Egypt

In value terms, stainless steel angle production rose remarkably to $X in 2021 estimated in export price. In general, production, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2016 when the production volume increased by 25%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Stainless Steel Angle Exports

Exports from Egypt

In 2021, exports of angles, shapes and sections of stainless steel or other alloy steel from Egypt amounted to X tons, increasing by 6.5% compared with the previous year. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 36,270%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, stainless steel angle exports shrank to $X in 2021. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 21,556% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for stainless steel angle exports from Egypt, with a 50% share of total exports. Moreover, stainless steel angle exports to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia stood at +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+28.0% per year) and Kenya (+146.3% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for angles, shapes and sections of stainless steel or other alloy steel exports from Egypt, comprising 74% of total exports. The second position in the ranking was taken by Kenya ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia amounted to +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+72.1% per year) and Kuwait (+10.5% per year).

Export Prices by Country

In 2021, the average stainless steel angle export price amounted to $X per ton, declining by -18.6% against the previous year. Overall, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2016 an increase of 134%. 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 foreign markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Kuwait ($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 Saudi Arabia (-7.0%), while the prices for the other major destinations experienced a decline.

Stainless Steel Angle Imports

Imports into Egypt

In 2021, overseas purchases of angles, shapes and sections of stainless steel or other alloy steel increased by 247% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 425% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, stainless steel angle imports soared to $X in 2021. Overall, imports posted strong growth. The pace of growth was the most pronounced in 2019 when imports increased by 224% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Libya (X tons) constituted the largest supplier of stainless steel angle to Egypt, accounting for a 87% share of total imports. Moreover, stainless steel angle imports from Libya exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from Libya totaled +343.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.8% per year) and China (+13.9% per year).

In value terms, Libya ($X) constituted the largest supplier of angles, shapes and sections of stainless steel or other alloy steel to Egypt, comprising 65% of total imports. The second position in the ranking was held by India ($X), with a 13% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Libya totaled +42.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.8% per year) and China (+23.2% per year).

Import Prices by Country

In 2021, the average stainless steel angle import price amounted to $X per ton, waning by -47.6% against the previous year. Over the period under review, the import price showed a abrupt decline. The pace of growth appeared the most rapid in 2015 when the average import price increased by 734%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Libya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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