Egypt: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in Egypt

After three years of growth, the Egyptian market for granules, chippings and powder of monumental stone decreased by -1.9% to $X in 2021. Overall, consumption continues to indicate a pronounced setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Monumental Stone in Egypt

In value terms, monumental stone granules and powder production declined slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2013 when the production volume increased by 10% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Egypt

In 2021, overseas shipments of granules, chippings and powder of monumental stone decreased by -55.1% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 733%. The exports peaked at X tons in 2020, and then dropped notably in the following year.

In value terms, monumental stone granules and powder exports fell dramatically to $X in 2021. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 449% against the previous year. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Bangladesh (X tons) was the main destination for monumental stone granules and powder exports from Egypt, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh amounted to +77.4%.

In value terms, Bangladesh ($X) also remains the key foreign market for granules, chippings and powder of monumental stone exports from Egypt.

From 2012 to 2021, the average annual growth rate of value to Bangladesh stood at +33.7%.

Export Prices by Country

The average export price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, surging by 72% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 225% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Bangladesh.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to +156.7% per year.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Egypt

In 2021, the amount of granules, chippings and powder of monumental stone imported into Egypt shrank to X tons, waning by -2.3% on the year before. Overall, imports, however, posted pronounced growth. The pace of growth appeared the most rapid in 2020 when imports increased by 265%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, monumental stone granules and powder imports contracted slightly to $X in 2021. In general, imports, however, saw modest growth. The most prominent rate of growth was recorded in 2020 when imports increased by 265% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X tons), China (X tons) and India (X tons) were the main suppliers of monumental stone granules and powder imports to Egypt, together comprising 95% of total imports. These countries were followed by Spain, which accounted for a further 2.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +79.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest monumental stone granules and powder suppliers to Egypt were China ($X), Turkey ($X) and India ($X), together accounting for 92% of total imports. Spain lagged somewhat behind, comprising a further 2.6%.

Spain, with a CAGR of +55.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 granules, chippings and powder of monumental stone stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the import price recorded a mild decrease. The pace of growth appeared the most rapid in 2016 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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