Egypt: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Egypt

In 2022, the Egyptian ferro-alloys market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption enjoyed a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ferro-Alloys Production in Egypt

In value terms, ferro-alloys production amounted to $X in 2022 estimated in export price. In general, production, however, saw a mild decrease. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Ferro-alloys production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ferro-Alloys Exports

Exports from Egypt

In 2022, shipments abroad of ferro-alloys decreased by X% to X tons, falling for the third year in a row after four years of growth. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, ferro-alloys exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons), the Netherlands (X tons) and Syrian Arab Republic (X tons) were the main destinations of ferro-alloys exports from Egypt, with a combined X% share of total exports. Libya, Poland, the UK, Germany, Turkey, France, Belgium, Spain and Saudi Arabia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ferro-alloys exported from Egypt were Italy ($X), the Netherlands ($X) and Libya ($X), with a combined X% share of total exports. Syrian Arab Republic, Poland, Turkey, Germany, France, the UK, Belgium, Spain and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 ferro-alloys export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price continues to indicate temperate growth. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

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

Ferro-Alloys Imports

Imports into Egypt

In 2022, supplies from abroad of ferro-alloys increased by X% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ferro-alloys imports skyrocketed to $X in 2022. Overall, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of ferro-alloys to Egypt, accounting for a X% share of total imports. Moreover, ferro-alloys imports from India exceeded the figures recorded by the second-largest supplier, Norway (X tons), more than tenfold. The third position in this ranking was held by Ukraine (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Ukraine (X% per year).

In value terms, India ($X) constituted the largest supplier of ferro-alloys to Egypt, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average ferro-alloys import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Georgia ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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