Egypt: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Egypt

In 2021, after three years of decline, there was significant growth in the Egyptian tall oil fatty acids market, when its value increased by 553% to $X. Overall, consumption continues to indicate a strong increase. Tall oil fatty acids consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Industrial Tall Oil Fatty Acids in Egypt

In value terms, tall oil fatty acids production declined markedly to $X in 2021 estimated in export price. Overall, production saw a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 201% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Industrial Tall Oil Fatty Acids

Exports from Egypt

After three years of growth, overseas shipments of industrial tall oil fatty acids decreased by -21.9% to X tons in 2021. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 2,444%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then dropped notably in the following year.

In value terms, tall oil fatty acids exports rose significantly to $X in 2021. In general, exports, however, continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2018 when exports increased by 2,200% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for tall oil fatty acids exports from Egypt, with a 68% share of total exports. Moreover, tall oil fatty acids exports to Saudi Arabia exceeded the volume sent to the second major destination, China (X tons), fivefold. The third position in this ranking was taken by India (X tons), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia stood at +86.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-4.3% per year) and India (0.0% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for industrial tall oil fatty acids exports from Egypt, comprising 67% of total exports. The second position in the ranking was held by China ($X), with a 15% share of total exports. It was followed by India, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia amounted to +137.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+4.9% per year) and India (0.0% per year).

Export Prices by Country

In 2021, the average tall oil fatty acids export price amounted to $X per ton, rising by 41% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 52% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Jordan ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Tall Oil Fatty Acids

Imports into Egypt

After two years of growth, purchases abroad of industrial tall oil fatty acids decreased by -7.2% to X tons in 2021. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 86%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, tall oil fatty acids imports expanded remarkably to $X in 2021. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 107%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Finland (X tons) constituted the largest supplier of tall oil fatty acids to Egypt, accounting for a 47% share of total imports. Moreover, tall oil fatty acids imports from Finland exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was held by Malaysia (X tons), with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from Finland amounted to +37.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+58.4% per year) and Malaysia (+20.0% per year).

In value terms, Finland ($X) constituted the largest supplier of industrial tall oil fatty acids to Egypt, comprising 51% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Malaysia, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from Finland amounted to +40.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+21.9% per year) and Malaysia (+22.6% per year).

Import Prices by Country

The average tall oil fatty acids import price stood at $X per ton in 2021, with an increase of 16% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+79.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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