Egypt: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Egypt

The Egyptian vulcanised rubber mats market contracted rapidly to $X in 2021, which is down by -64.8% 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). Over the period under review, consumption faced a deep contraction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Vulcanised Rubber Mats Exports

Exports from Egypt

Vulcanised rubber mats exports from Egypt surged to X tons in 2021, growing by 72% compared with 2020. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 329%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber mats exports surged to $X in 2021. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 472%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X tons) was the main destination for vulcanised rubber mats exports from Egypt, accounting for a 60% share of total exports. Moreover, vulcanised rubber mats exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia amounted to +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+166.5% per year) and Libya (+274.8% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for floor coverings and mats of vulcanised rubber exports from Egypt, comprising 60% of total exports. The second position in the ranking was taken by Oman ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+130.1% per year) and Libya (+279.4% per year).

Export Prices by Country

In 2021, the average vulcanised rubber mats export price amounted to $X per ton, growing by 4% against the previous year. In general, the export price posted perceptible growth. The most prominent rate of growth was recorded in 2020 an increase of 391% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Libya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into Egypt

In 2021, overseas purchases of floor coverings and mats of vulcanised rubber decreased by -57.1% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 280%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, vulcanised rubber mats imports reduced dramatically to $X in 2021. Over the period under review, imports recorded a abrupt descent. The growth pace was the most rapid in 2015 when imports increased by 144% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) was the main supplier of vulcanised rubber mats to Egypt, with a 92% share of total imports. Moreover, vulcanised rubber mats imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +47.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.0% per year) and Italy (+46.1% per year).

In value terms, the largest vulcanised rubber mats suppliers to Egypt were China ($X), Turkey ($X) and Italy ($X), with a combined 57% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +50.8%, saw 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 vulcanised rubber mats import price stood at $X per ton in 2021, picking up by 2.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 513%. The import price peaked at $X per ton in 2016; however, from 2017 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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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