Egypt: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Egypt

The Egyptian ferro-cerium and pyrophoric alloys market shrank modestly to $X in 2021, reducing by -2.7% against the previous year. Overall, consumption showed a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Egypt

In value terms, ferro-cerium and pyrophoric alloys production fell to $X in 2021 estimated in export price. Over the period under review, production showed a pronounced decline. The most prominent rate of growth was recorded in 2014 with an increase of 31%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Egypt

In 2021, after three years of decline, there was significant growth in shipments abroad of ferro-cerium and pyrophoric alloys, when their volume increased by 213% to X kg. In general, exports, however, continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 1,788% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports soared to $X in 2021. Overall, exports, however, saw a sharp downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 920% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sudan (X kg) was the main destination for ferro-cerium and pyrophoric alloys exports from Egypt, accounting for a approx. 98% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sudan amounted to -25.8%.

In value terms, Sudan ($X) also remains the key foreign market for ferro-cerium and pyrophoric alloys exports from Egypt.

From 2012 to 2021, the average annual growth rate of value to Sudan totaled -21.2%.

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, increasing by 27% against the previous year. In general, the export price, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 133% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

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 +6.2% per year.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Egypt

In 2021, approx. X tons of ferro-cerium and pyrophoric alloys were imported into Egypt; with a decrease of -23.1% on the previous year's figure. Over the period under review, imports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of 736% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports reduced remarkably to $X in 2021. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by 499% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), the United States (X tons) and the United Arab Emirates (X tons) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Egypt, together comprising 67% of total imports. These countries were followed by China, India, Spain, the Netherlands, Belgium and the UK, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +100.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-cerium and pyrophoric alloys suppliers to Egypt were Italy ($X), the United States ($X) and Spain ($X), together accounting for 57% of total imports. China, the United Arab Emirates, Belgium, the Netherlands, the UK and India lagged somewhat behind, together comprising a further 31%.

Among the main suppliers, the Netherlands, with a CAGR of +61.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, falling by -21% against the previous year. In general, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 26%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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 Spain ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+13.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :