Egypt: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in Egypt

In 2021, the Egyptian complex fluorine salts market increased by 14% to $X, rising for the fourth consecutive year after four years of decline. In general, consumption posted a resilient expansion. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Complex Fluorine Salts Production in Egypt

In value terms, complex fluorine salts production contracted to $X in 2021 estimated in export price. Over the period under review, production recorded a slight slump. The growth pace was the most rapid in 2020 when the production volume increased by 26% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Complex Fluorine Salts Exports

Exports from Egypt

In 2021, overseas shipments of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts increased by 128% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 1,204%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, complex fluorine salts exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of 600% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for complex fluorine salts exports from Egypt, accounting for a 59% share of total exports. Moreover, complex fluorine salts exports to India exceeded the volume sent to the second major destination, Turkey (X tons), threefold. The third position in this ranking was taken by Kuwait (X tons), with a 7.6% share.

From 2013 to 2021, the average annual growth rate of volume to India stood at +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-1.5% per year) and Kuwait (-8.2% per year).

In value terms, the largest markets for complex fluorine salts exported from Egypt were India ($X), Syrian Arab Republic ($X) and Kuwait ($X), with a combined 66% share of total exports.

India, with a CAGR of +24.4%, 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 a decline.

Export Prices by Country

The average complex fluorine salts export price stood at $X per ton in 2021, growing by 12% against the previous year. In general, the export price continues to indicate noticeable growth. The pace of growth was the most pronounced in 2020 an increase of 139%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Syrian Arab Republic ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Complex Fluorine Salts Imports

Imports into Egypt

In 2021, supplies from abroad of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 3,891% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, complex fluorine salts imports soared to $X in 2021. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of 3,684% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Tunisia (X tons) and the United Arab Emirates (X tons) were the main suppliers of complex fluorine salts imports to Egypt, with a combined 47% share of total imports.

From 2012 to 2021, 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 +299.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest complex fluorine salts suppliers to Egypt were the United Arab Emirates ($X), Tunisia ($X) and Italy ($X), with a combined 83% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +268.4%, 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

In 2021, the average complex fluorine salts import price amounted to $X per ton, reducing by -60.5% against the previous year. Overall, the import price, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 72%. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then fell remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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