Egypt: Chlorides Market 2024

Chlorides Market Size in Egypt

In 2021, the Egyptian chlorides market decreased by -2% to $X for the first time since 2014, thus ending a six-year rising trend. In general, consumption continues to indicate a strong expansion. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Chlorides Production in Egypt

In value terms, chlorides production contracted to $X in 2021 estimated in export price. In general, production saw resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 61% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Chlorides Exports

Exports from Egypt

In 2021, shipments abroad of chlorides (excluding ammonium chloride) decreased by -3.5% to X tons, falling for the second consecutive year after five years of growth. Overall, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 173%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, chlorides exports rose significantly to $X in 2021. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2019 when exports increased by 429%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for chlorides exports from Egypt, with a 41% share of total exports. Moreover, chlorides exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+29.6% per year) and the United States (-3.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for chlorides (excluding ammonium chloride) exports from Egypt, comprising 38% of total exports. The second position in the ranking was held by Kuwait ($X), with a 12% share of total exports. It was followed by the United States, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +44.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+40.1% per year) and the United States (+74.3% per year).

Export Prices by Country

In 2021, the average chlorides export price amounted to $X per ton, rising by 9.5% against the previous year. Over the period under review, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 94%. 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 Israel ($X per ton), while the average price for exports to Cyprus ($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 Finland (+366.8%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides Imports

Imports into Egypt

In 2021, supplies from abroad of chlorides (excluding ammonium chloride) decreased by -1.1% to X tons, falling for the fifth year in a row after two years of growth. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 33%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, chlorides imports amounted to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X tons), China (X tons) and Turkey (X tons) were the main suppliers of chlorides imports to Egypt, with a combined 46% share of total imports. Spain, Germany, Russia, India, Thailand, Japan and the United States lagged somewhat behind, together comprising a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +57.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) constituted the largest chlorides suppliers to Egypt, with a combined 38% share of total imports. Spain, Japan, Turkey, India, the United States, Russia and Thailand lagged somewhat behind, together accounting for a further 40%.

Thailand, with a CAGR of +37.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chlorides import price stood at $X per ton in 2021, growing by 10% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 49% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Thailand ($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 (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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