Egypt: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Egypt

The Egyptian plastic household articles market expanded remarkably to $X in 2022, with an increase of 11% against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 -9.0% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Plastic Household Articles Production in Egypt

In value terms, plastic household articles production expanded rapidly to $X in 2022 estimated in export price. In general, production saw a tangible increase. The growth pace was the most rapid in 2020 when the production volume increased by 73% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Plastic Household Articles Exports

Exports from Egypt

In 2022, overseas shipments of household articles and toilet articles of plastics were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 106%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic household articles exports fell to $X in 2022. Overall, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 58%. The exports peaked at $X in 2021, and then contracted slightly in the following year.

Exports by Country

Libya (X tons) was the main destination for plastic household articles exports from Egypt, accounting for a 22% share of total exports. Moreover, plastic household articles exports to Libya exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. Bahrain (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya stood at +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+3.6% per year) and Bahrain (+99.7% per year).

In value terms, Libya ($X) remains the key foreign market for household articles and toilet articles of plastics exports from Egypt, comprising 23% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 11% share of total exports. It was followed by Bahrain, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to Libya amounted to +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+11.3% per year) and Bahrain (+115.4% per year).

Export Prices by Country

In 2022, the average plastic household articles export price amounted to $X per ton, falling by -2.6% against the previous year. In general, the export price, however, posted moderate growth. The growth pace was the most rapid in 2020 an increase of 84% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Egypt

In 2022, overseas purchases of household articles and toilet articles of plastics were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 172%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic household articles imports rose sharply to $X in 2022. Overall, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 62% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Turkey (X tons) and Spain (X tons) were the main suppliers of plastic household articles imports to Egypt, together comprising 70% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +44.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Spain ($X) were the largest plastic household articles suppliers to Egypt, with a combined 70% share of total imports.

Spain, with a CAGR of +45.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, increasing by 2% against the previous year. Over the period under review, the import price enjoyed pronounced growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 57%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and the United States ($X per ton), while the price for Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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