Egypt: Market for Hot-Rolled Steel Bars and Rods 2025

Market Size for Hot-Rolled Steel Bars and Rods in Egypt

After nine years of growth, the Egyptian market for hot-rolled steel bars and rods decreased by -6% to $X in 2021. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +119.9% against 2012 indices. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

Production of Hot-Rolled Steel Bars and Rods in Egypt

In value terms, hot-rolled steel bar and rod production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded strong growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 97%. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Exports of Hot-Rolled Steel Bars and Rods

Exports from Egypt

In 2021, overseas shipments of hot-rolled steel bars and rods were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports showed a slight increase. The most prominent rate of growth was recorded in 2017 when exports increased by 115% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled steel bar and rod exports skyrocketed to $X in 2021. Overall, exports showed moderate growth. The pace of growth was the most pronounced in 2016 with an increase of 121% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Brazil (X tons) and Saudi Arabia (X tons) were the main destinations of hot-rolled steel bar and rod exports from Egypt, together comprising 64% of total exports. Spain, Syrian Arab Republic, Jordan, Italy, Romania, Turkey, Libya, Sudan and Lebanon lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +99.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hot-rolled steel bar and rod exported from Egypt were the United States ($X), Brazil ($X) and Saudi Arabia ($X), with a combined 63% share of total exports. These countries were followed by Spain, Jordan, Syrian Arab Republic, Turkey, Italy, Romania, Libya, Sudan and Lebanon, which together accounted for a further 32%.

Among the main countries of destination, Italy, with a CAGR of +96.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for hot-rolled steel bars and rods amounted to $X per ton, growing by 27% against the previous year. In general, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hot-rolled steel bar and rod export price increased by +101.3% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 30%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Syrian Arab Republic ($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 the United States (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Steel Bars and Rods

Imports into Egypt

In 2021, the amount of hot-rolled steel bars and rods imported into Egypt dropped rapidly to X tons, with a decrease of -59.6% compared with the year before. In general, imports saw a sharp shrinkage. The growth pace was the most rapid in 2014 when imports increased by 311%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, hot-rolled steel bar and rod imports fell markedly to $X in 2021. Overall, imports showed a precipitous descent. The most prominent rate of growth was recorded in 2014 when imports increased by 335%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), India (X tons) and Russia (X tons) were the main suppliers of hot-rolled steel bar and rod imports to Egypt, together accounting for 72% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +56.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), India ($X) and Russia ($X) appeared to be the largest hot-rolled steel bar and rod suppliers to Egypt, together comprising 72% of total imports.

In terms of the main suppliers, Russia, with a CAGR of +52.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for hot-rolled steel bars and rods amounted to $X per ton, with an increase of 54% against the previous year. In general, the import price continues to indicate a measured increase. The most prominent rate of growth was recorded in 2019 an increase of 83% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Ukraine ($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 (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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