Egypt: Market for Articles Of Iron Or Steel 2025

Market Size for Articles Of Iron Or Steel in Egypt

In 2022, the Egyptian steel and iron articles market decreased by -2.5% to $X, falling for the second consecutive year after two years of growth. In general, consumption posted a prominent increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Articles Of Iron Or Steel in Egypt

In value terms, steel and iron articles production expanded rapidly to $X in 2022 estimated in export price. In general, production recorded a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 326%. Steel and iron articles production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Articles Of Iron Or Steel

Exports from Egypt

In 2022, approx. X tons of articles of iron or steel were exported from Egypt; falling by -5.3% on the year before. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 18% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, steel and iron articles exports fell to $X in 2022. Over the period under review, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 137% 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

The United Arab Emirates (X tons), Italy (X tons) and Saudi Arabia (X tons) were the main destinations of steel and iron articles exports from Egypt, with a combined 47% share of total exports. France, Vietnam, Japan, Algeria, Sudan, the UK, the United States, the Czech Republic, Libya and Hungary lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +2,466.4%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for articles of iron or steel exports from Egypt, comprising 20% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 9.7% share of total exports. It was followed by France, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-19.4% per year) and France (+7.9% per year).

Export Prices by Country

The average steel and iron articles export price stood at $X per ton in 2022, falling by -6.4% against the previous year. In general, the export price, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 260%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to the United Arab Emirates ($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 Sudan (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Iron Or Steel

Imports into Egypt

In 2022, purchases abroad of articles of iron or steel decreased by -2.1% to X tons, falling for the seventh year in a row after two years of growth. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by 31% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, steel and iron articles imports rose rapidly to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 16%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Algeria (X tons) constituted the largest steel and iron articles supplier to Egypt, with a 40% share of total imports. Moreover, steel and iron articles imports from Algeria exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. China (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual growth rate of volume from Algeria amounted to +54.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-28.2% per year) and China (-21.2% per year).

In value terms, the largest steel and iron articles suppliers to Egypt were Algeria ($X), the United States ($X) and China ($X), with a combined 49% share of total imports.

Algeria, with a CAGR of +59.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average steel and iron articles import price amounted to $X per ton, growing by 11% against the previous year. In general, the import price posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of 30% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 China ($X per ton), while the price for Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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