Egypt: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Egypt

The Egyptian articles of fiber cement market reduced to $X in 2022, declining by -4.7% against the previous year. Overall, consumption continues to indicate a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Egypt

In value terms, articles of fiber cement production dropped to $X in 2022 estimated in export price. Overall, production recorded a deep setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 16%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Egypt

In 2022, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were exported from Egypt; with a decrease of -95.8% against the previous year's figure. In general, exports saw a sharp descent. The most prominent rate of growth was recorded in 2019 when exports increased by 119% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, articles of fiber cement exports declined notably to $X in 2022. Over the period under review, exports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 144% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana (X tons) was the main destination for articles of fiber cement exports from Egypt, with a 82% share of total exports. Moreover, articles of fiber cement exports to Ghana exceeded the volume sent to the second major destination, Kuwait (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Ghana was relatively modest.

In value terms, Ghana ($X) emerged as the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Egypt, comprising 82% of total exports. The second position in the ranking was held by Kuwait ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ghana was relatively modest.

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, increasing by 56% against the previous year. In general, the export price enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 62%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Kuwait totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+79.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Egypt

In 2022, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were imported into Egypt; growing by 43% on 2021 figures. Overall, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 287%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, articles of fiber cement imports soared to $X in 2022. Over the period under review, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 774% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Hungary (X tons) constituted the largest articles of fiber cement supplier to Egypt, accounting for a 82% share of total imports. Moreover, articles of fiber cement imports from Hungary exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was held by Turkey (X tons), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary stood at +131.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.8% per year) and Turkey (+9.5% per year).

In value terms, Hungary ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Egypt, comprising 72% of total imports. The second position in the ranking was taken by China ($X), with an 8% share of total imports. It was followed by the United Arab Emirates, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from Hungary amounted to +63.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.9% per year) and the United Arab Emirates (+40.0% per year).

Import Prices by Country

The average articles of fiber cement import price stood at $X per ton in 2022, with a decrease of -4.2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 129% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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