Egypt: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2025

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Egypt

The Egyptian market for hot-rolled wire rod in coil of stainless steel skyrocketed to $X in 2022, picking up by 24% against the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 -4.0% 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 Hot-Rolled Wire Rod In Coil Of Stainless Steel in Egypt

In value terms, hot-rolled wire stainless steel rod production rose markedly to $X in 2022 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 -7.3% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 41% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports from Egypt

In 2022, approx. X kg of hot-rolled wire rod in coil of stainless steel were exported from Egypt; with a decrease of -98.8% against the previous year's figure. Over the period under review, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2013 when exports increased by 2,425%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod exports fell rapidly to $X in 2022. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 1,780% against the previous year. The exports peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

Italy (X kg) was the main destination for hot-rolled wire stainless steel rod exports from Egypt, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Italy was relatively modest.

In value terms, Italy ($X) emerged as the key foreign market for hot-rolled wire rod in coil of stainless steel exports from Egypt.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy was relatively modest.

Export Prices by Country

In 2022, the average export price for hot-rolled wire rod in coil of stainless steel amounted to $X per ton, increasing by 32% against the previous year. Over the period under review, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 105% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Libya amounted to +8.2% per year.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports into Egypt

In 2022, approx. X tons of hot-rolled wire rod in coil of stainless steel were imported into Egypt; approximately reflecting 2021. Overall, imports saw a resilient increase. The growth pace was the most rapid in 2019 with an increase of 7,248%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod imports totaled $X in 2022. In general, imports posted a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 4,968% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest hot-rolled wire stainless steel rod supplier to Egypt, accounting for a 73% share of total imports. Moreover, hot-rolled wire stainless steel rod imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +78.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+17.7% per year) and Germany (+152.8% per year).

In value terms, China ($X) constituted the largest supplier of hot-rolled wire rod in coil of stainless steel to Egypt, comprising 73% of total imports. The second position in the ranking was taken by India ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +59.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+17.6% per year) and Germany (+41.2% per year).

Import Prices by Country

The average import price for hot-rolled wire rod in coil of stainless steel stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price recorded slight growth. The most prominent rate of growth was recorded in 2017 an increase of 37%. The import price peaked at $X per ton in 2018; however, from 2019 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 country with the highest price was India ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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