Egypt: Dichloromethane Market 2024

Dichloromethane Market Size in Egypt

The Egyptian dichloromethane market declined slightly to $X in 2021, with a decrease of -4.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.8% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Dichloromethane Exports

Exports from Egypt

In 2021, overseas shipments of dichloromethane (methylene chloride) increased by 4.6% to X tons, rising for the third year in a row after six years of decline. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 4.6%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, dichloromethane exports declined to $X in 2021. Overall, exports, however, faced a dramatic contraction. The smallest decline of -8.8% was in 2019. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Sudan (X tons) was the main destination for dichloromethane exports from Egypt, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sudan totaled -5.4%.

In value terms, Sudan ($X) also remains the key foreign market for dichloromethane (methylene chloride) exports from Egypt.

From 2012 to 2021, the average annual rate of growth in terms of value to Sudan totaled -19.9%.

Export Prices by Country

The average dichloromethane export price stood at $X per ton in 2021, which is down by -12.8% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2013 an increase of 33%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Sudan.

From 2012 to 2021, the rate of growth in terms of prices for Sudan amounted to -15.4% per year.

Dichloromethane Imports

Imports into Egypt

For the third consecutive year, Egypt recorded decline in supplies from abroad of dichloromethane (methylene chloride), which decreased by -19.9% to X tons in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.5% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by 50%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, dichloromethane imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.9% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 47% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), France (X tons) and Germany (X tons) were the main suppliers of dichloromethane imports to Egypt, with a combined 43% share of total imports. These countries were followed by South Korea, the UK, Russia, the Netherlands and Belgium, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +14.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dichloromethane suppliers to Egypt were France ($X), China ($X) and Germany ($X), with a combined 37% share of total imports. South Korea, the UK, Russia, the Netherlands and Belgium lagged somewhat behind, together accounting for a further 25%.

Russia, with a CAGR of +11.8%, saw 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

The average dichloromethane import price stood at $X per ton in 2021, rising by 45% against the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Russia ($X per ton) and Germany ($X per ton), while the price for China ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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