Egypt: Cored Arc-Welding Wire Market 2024

Cored Arc-Welding Wire Market Size in Egypt

In 2021, after three years of growth, there was significant decline in the Egyptian cored arc-welding wire market, when its value decreased by -5.3% to $X. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Cored arc-welding wire consumption peaked at $X in 2020, and then dropped in the following year.

Cored Arc-Welding Wire Production in Egypt

In value terms, cored arc-welding wire production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 19%. As a result, production reached the peak level of $X, and then contracted in the following year.

Cored Arc-Welding Wire Exports

Exports from Egypt

In 2021, shipments abroad of cored arc-welding wire was finally on the rise to reach X tons after two years of decline. Overall, exports enjoyed a significant increase. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, cored arc-welding wire exports soared to $X in 2021. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Libya (X tons), the United Arab Emirates (X tons) and Morocco (X tons) were the main destinations of cored arc-welding wire exports from Egypt, together accounting for 95% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Libya (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Libya ($X) emerged as the key foreign market for cored arc-welding wire exports from Egypt, comprising 57% of total exports. The second position in the ranking was held by Morocco ($X), with a 20% share of total exports. It was followed by the United Arab Emirates, with an 18% share.

From 2012 to 2021, the average annual growth rate of value to Libya was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (-0.9% per year) and the United Arab Emirates (+11.3% per year).

Export Prices by Country

In 2021, the average cored arc-welding wire export price amounted to $X per ton, growing by 5.4% against the previous year. Over the period under review, the export price continues to indicate a notable increase. The growth pace was the most rapid in 2019 when the average export price increased by 252% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to the United Arab Emirates ($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 Morocco (+55.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cored Arc-Welding Wire Imports

Imports into Egypt

In 2021, cored arc-welding wire imports into Egypt rose slightly to X tons, with an increase of 2.3% against 2020 figures. In general, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 128% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, cored arc-welding wire imports rose modestly to $X in 2021. Overall, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 55% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of cored arc-welding wire to Egypt, accounting for a 70% share of total imports. Moreover, cored arc-welding wire imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), ninefold. Turkey (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+181.7% per year) and Turkey (+5.0% per year).

In value terms, China ($X) constituted the largest supplier of cored arc-welding wire to Egypt, comprising 54% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 7.6% share of total imports. It was followed by Vietnam, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+172.7% per year) and Vietnam (+7.8% per year).

Import Prices by Country

In 2021, the average cored arc-welding wire import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 22%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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