Egypt: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Egypt

In 2022, the Egyptian market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -2.3% to $X, falling for the second year in a row after two years of growth. In general, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.4% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Egypt

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground expanded to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.6% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 29% against the previous year. Over the period under review, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Egypt

In 2022, overseas shipments of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground were finally on the rise to reach X square meters after two years of decline. Over the period under review, exports continue to indicate notable growth. The growth pace was the most rapid in 2017 when exports increased by 80% against the previous year. The exports peaked at X square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022. In general, exports posted resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Morocco (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Egypt, with a 21% share of total exports. Moreover, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Morocco exceeded the volume sent to the second major destination, Lebanon (X square meters), twofold. Algeria (X square meters) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Morocco amounted to +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (-0.3% per year) and Algeria (+7.5% per year).

In value terms, Morocco ($X) remains the key foreign market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from Egypt, comprising 22% of total exports. The second position in the ranking was held by Lebanon ($X), with an 8.9% share of total exports. It was followed by Algeria, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Morocco totaled +19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+4.6% per year) and Algeria (+12.8% per year).

Export Prices by Country

In 2022, the average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, increasing by 25% against the previous year. In general, the export price showed a tangible increase. The pace of growth was the most pronounced in 2021 an increase of 60%. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($X per square meter) and Bulgaria ($X per square meter), while the average price for exports to Israel ($X per square meter) and Spain ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Egypt

In 2022, after two years of growth, there was significant decline in purchases abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, when their volume decreased by -43.7% to X square meters. Over the period under review, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 with an increase of 270% against the previous year. Imports peaked at X square meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground plummeted to $X in 2022. Overall, imports recorded a pronounced setback. The growth pace was the most rapid in 2020 with an increase of 241%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X square meters), China (X square meters) and the United Arab Emirates (X square meters) were the main suppliers of imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Egypt, together accounting for 84% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +21.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), China ($X) and the United Arab Emirates ($X) constituted the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground suppliers to Egypt, with a combined 84% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +29.9%, 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 import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, rising by 35% against the previous year. In general, the import price saw a tangible expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 94% against the previous year. The import price peaked at $X per square meter in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per square meter) and Saudi Arabia ($X per square meter), while the price for France ($X per square meter) and the United Arab Emirates ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform