Egypt: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Egypt

The Egyptian market for cellular plates, sheets and films of polyymers of styrene fell slightly to $X in 2022, approximately reflecting the previous year. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +1.0% against 2020 indices. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Egypt

In value terms, production of cellular plates, sheets and films of polyymers of styrene fell to $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.5% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 31%. Production of peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Egypt

Exports of cellular plates, sheets and films of polyymers of styrene from Egypt declined sharply to X tons in 2022, shrinking by -35% compared with the year before. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 75,708%. Over the period under review, the exports of attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene shrank sharply to $X in 2022. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2016 when exports increased by 72,871%. Over the period under review, the exports of hit record highs at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

Libya (X tons), Morocco (X tons) and Italy (X tons) were the main destinations of exports of cellular plates, sheets and films of polyymers of styrene from Egypt, with a combined 67% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +1,117.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Libya ($X), Morocco ($X) and Italy ($X) were the largest markets for polystyrene cellular plates, sheets and films exported from Egypt worldwide, together accounting for 67% of total exports.

Morocco, with a CAGR of +1,243.8%, recorded the highest rates of growth with regard to 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

The average export price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, picking up by 10% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cellular plates, sheets and films of polyymers of styrene increased by +99.4% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Morocco ($X per ton) and Italy ($X per ton), while the average price for exports to Sudan ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Egypt

Imports of cellular plates, sheets and films of polyymers of styrene into Egypt dropped sharply to X tons in 2022, with a decrease of -41% against 2021. Over the period under review, imports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 111% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene declined rapidly to $X in 2022. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 74%. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Taiwan (Chinese) (X tons) and Saudi Arabia (X tons) were the main suppliers of imports of cellular plates, sheets and films of polyymers of styrene to Egypt, together accounting for 80% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +25.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest polystyrene cellular plates, sheets and films suppliers to Egypt were Turkey ($X), Taiwan (Chinese) ($X) and Saudi Arabia ($X), with a combined 80% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +26.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, picking up by 14% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cellular plates, sheets and films of polyymers of styrene increased by +66.1% against 2018 indices. The growth pace was the most rapid in 2015 when the average import price increased by 86% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Saudi Arabia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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