Egypt: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in Egypt

For the fourth year in a row, the Egyptian ferro-silico-manganese market recorded growth in sales value, which increased by 72% to $X in 2022. In general, consumption posted resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ferro-Silico-Manganese Production in Egypt

In value terms, ferro-silico-manganese production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 18%. Ferro-silico-manganese production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Ferro-Silico-Manganese Exports

Exports from Egypt

Ferro-silico-manganese exports from Egypt skyrocketed to X tons in 2022, growing by 24% on the year before. Overall, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by 270%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ferro-silico-manganese exports amounted to $X in 2022. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 279% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for ferro-silico-manganese exports from Egypt, accounting for a 69% share of total exports. Moreover, ferro-silico-manganese exports to Italy exceeded the volume sent to the second major destination, Jordan (X tons), fivefold. Belgium (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (-10.4% per year) and Belgium (-2.9% per year).

In value terms, Italy ($X) remains the key foreign market for ferro-silico-manganese exports from Egypt, comprising 67% of total exports. The second position in the ranking was held by Jordan ($X), with a 13% share of total exports. It was followed by Belgium, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (-12.0% per year) and Belgium (-0.5% per year).

Export Prices by Country

In 2022, the average ferro-silico-manganese export price amounted to $X per ton, with a decrease of -7.6% against the previous year. Overall, the export price recorded a slight reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by 206%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Syrian Arab Republic ($X per ton), while the average price for exports to Belgium ($X per ton) and Italy ($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 Turkey (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Silico-Manganese Imports

Imports into Egypt

In 2022, imports of ferro-silico-manganese into Egypt surged to X tons, with an increase of 92% compared with the previous year's figure. In general, imports saw resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 97% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, ferro-silico-manganese imports surged to $X in 2022. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 97%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of ferro-silico-manganese to Egypt, accounting for a 86% share of total imports. Moreover, ferro-silico-manganese 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 taken by Ukraine (X tons), with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+38.6% per year) and Ukraine (-8.7% per year).

In value terms, India ($X) constituted the largest supplier of ferro-silico-manganese to Egypt, comprising 86% of total imports. The second position in the ranking was taken by Norway ($X), with a 3.1% share of total imports. It was followed by Ukraine, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from India stood at +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+38.9% per year) and Ukraine (-8.5% per year).

Import Prices by Country

In 2022, the average ferro-silico-manganese import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 13%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Georgia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+142.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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