Egypt: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in Egypt

The Egyptian industrial stearic acid market totaled $X in 2021, rising by 2.1% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Industrial Stearic Acid Production in Egypt

In value terms, industrial stearic acid production declined to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 32%. Industrial stearic acid production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Industrial Stearic Acid Exports

Exports from Egypt

In 2021, overseas shipments of industrial stearic acid increased by 56% to X tons, rising for the third year in a row after four years of decline. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,319% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, industrial stearic acid exports soared to $X in 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,491%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tons) was the main destination for industrial stearic acid exports from Egypt, accounting for a 48% share of total exports. Moreover, industrial stearic acid exports to Turkey exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The United States (X tons) ranked third in terms of total exports with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey totaled +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (0.0% per year) and the United States (0.0% per year).

In value terms, Turkey ($X) remains the key foreign market for industrial stearic acid exports from Egypt, comprising 51% of total exports. The second position in the ranking was taken by Mexico ($X), with a 21% share of total exports. It was followed by the United States, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey stood at +42.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (0.0% per year) and the United States (0.0% per year).

Export Prices by Country

The average industrial stearic acid export price stood at $X per ton in 2021, rising by 14% against the previous year. In general, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 99%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Turkey ($X per ton) and Mexico ($X per ton), while the average price for exports to Italy ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+10.6%).

Industrial Stearic Acid Imports

Imports into Egypt

Industrial stearic acid imports into Egypt skyrocketed to X tons in 2021, with an increase of 51% on the year before. Overall, imports showed a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by 78%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, industrial stearic acid imports skyrocketed to $X in 2021. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 90%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Malaysia (X tons), South Korea (X tons) and Indonesia (X tons) were the main suppliers of industrial stearic acid imports to Egypt, together accounting for 83% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +88.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial stearic acid suppliers to Egypt were Malaysia ($X), South Korea ($X) and Indonesia ($X), together accounting for 83% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +77.8%, recorded the highest growth rate of 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 industrial stearic acid import price stood at $X per ton in 2021, increasing by 19% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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