Egypt: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Egypt

In 2021, the Egyptian market for articles of asbestos-cement, of cellulose fibre-cement increased by 6.8% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a deep contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Egypt

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 21%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Exports from Egypt

In 2018, after two years of growth, there was significant decline in shipments abroad of articles of asbestos-cement, of cellulose fibre-cement, when their volume decreased by -40.1% to X tons. Over the period under review, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 511%. As a result, the exports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement skyrocketed to $X in 2018. Overall, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2017 with an increase of 690%. The exports peaked at $X in 2013; however, from 2014 to 2018, the exports remained at a lower figure.

Exports by Country

Iraq (X tons) was the main destination for exports of articles of asbestos-cement, of cellulose fibre-cement from Egypt, accounting for a 73% share of total exports. Moreover, exports of articles of asbestos-cement, of cellulose fibre-cement to Iraq exceeded the volume sent to the second major destination, South Africa (X tons), threefold.

From 2012 to 2018, the average annual rate of growth in terms of volume to Iraq was relatively modest.

In value terms, South Africa ($X) emerged as the key foreign market for articles of asbestos-cement, of cellulose fibre-cement exports from Egypt, comprising 94% of total exports. The second position in the ranking was taken by Iraq ($X), with a 5.8% share of total exports.

From 2012 to 2018, the average annual growth rate of value to South Africa was relatively modest.

Export Prices by Country

The average export price for articles of asbestos-cement, of cellulose fibre-cement stood at $X per ton in 2018, jumping by 181% against the previous year. Over the period under review, the export price recorded a notable increase. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2018, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2018, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Iraq totaled $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+61.7%), while the prices for the other major destinations experienced a decline.

Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Imports into Egypt

In 2021, imports of articles of asbestos-cement, of cellulose fibre-cement into Egypt surged to X tons, with an increase of 30% compared with the year before. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 3,028%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement fell slightly to $X in 2021. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 1,443%. Over the period under review, imports of hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest articles of asbestos-cement, of cellulose fibre-cement supplier to Egypt, with a 88% share of total imports. Moreover, imports of articles of asbestos-cement, of cellulose fibre-cement from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +37.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+45.4% per year) and Italy (+46.4% per year).

In value terms, China ($X) constituted the largest supplier of articles of asbestos-cement, of cellulose fibre-cement to Egypt, comprising 93% of total imports. The second position in the ranking was held by India ($X), with a 5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +36.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+33.1% per year) and Italy (+30.3% per year).

Import Prices by Country

The average import price for articles of asbestos-cement, of cellulose fibre-cement stood at $X per ton in 2021, with a decrease of -26.3% against the previous year. Overall, the import price saw a slight decrease. The pace of growth appeared the most rapid in 2017 an increase of 853% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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