Egypt: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Egypt

The Egyptian market for articles of cellulose fibre-cement, not containing asbestos rose modestly to $X in 2022, increasing by 3.4% against the previous year. In general, consumption continues to indicate a buoyant increase. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Egypt

In value terms, production of articles of cellulose fibre-cement, not containing asbestos rose to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by 46% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Egypt

In 2022, shipments abroad of articles of cellulose fibre-cement, not containing asbestos decreased by -40.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted temperate growth. The growth pace was the most rapid in 2020 with an increase of 1,966%. The exports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos declined sharply to $X in 2022. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 1,101%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Libya (X tons) was the main destination for exports of articles of cellulose fibre-cement, not containing asbestos from Egypt, with a 71% share of total exports. Moreover, exports of articles of cellulose fibre-cement, not containing asbestos to Libya exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The third position in this ranking was held by Qatar (X tons), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume to Libya totaled +55.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+54.9% per year) and Qatar (+27.9% per year).

In value terms, Saudi Arabia ($X), Qatar ($X) and Libya ($X) appeared to be the largest markets for articles of cellulose fibre-cement, not containing asbestos exported from Egypt worldwide, together accounting for 84% of total exports. Kuwait and Lebanon lagged somewhat behind, together accounting for a further 4.7%.

Kuwait, with a CAGR of +72.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, which is down by -2.9% against the previous year. In general, the export price faced a deep setback. The most prominent rate of growth was recorded in 2015 an increase of 192% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Libya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+13.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Egypt

After eight years of growth, purchases abroad of articles of cellulose fibre-cement, not containing asbestos decreased by -14.1% to X tons in 2022. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 24%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos contracted significantly to $X in 2022. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 74% against the previous year. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons) was the main supplier of articles of cellulose fibre-cement, not containing asbestos to Egypt, with a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia totaled +9.6%.

In value terms, Saudi Arabia ($X) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to Egypt.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia totaled -3.4%.

Import Prices by Country

The average import price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, waning by -44.9% against the previous year. Overall, the import price saw a drastic downturn. The growth pace was the most rapid in 2019 when the average import price increased by 40%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to -11.8% per year.

Source: IndexBox Platform

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