Egypt: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in Egypt

For the third year in a row, the Egyptian metal hot-worked helical spring market recorded decline in sales value, which decreased by -69.6% to $X in 2021. Over the period under review, consumption saw a sharp shrinkage. Metal hot-worked helical spring consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Egypt

In 2021, after two years of decline, there was significant growth in overseas shipments of iron or steel hot-worked helical springs, when their volume increased by 1,478% to X tons. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal hot-worked helical spring exports skyrocketed to $X in 2021. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Syrian Arab Republic (X tons), Sudan (X tons) and Jordan (X tons) were the main destinations of metal hot-worked helical spring exports from Egypt, with a combined 90% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sudan (with a CAGR of +108.2%), while the other leaders experienced more modest paces of growth.

In value terms, Sudan ($X) emerged as the key foreign market for iron or steel hot-worked helical springs exports from Egypt, comprising 47% of total exports. The second position in the ranking was taken by Lebanon ($X), with a 15% share of total exports. It was followed by Syrian Arab Republic, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Sudan totaled +122.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (0.0% per year) and Syrian Arab Republic (+17.2% per year).

Export Prices by Country

The average metal hot-worked helical spring export price stood at $X per ton in 2021, picking up by 268% against the previous year. Overall, the export price, however, continues to indicate a perceptible decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Syrian Arab Republic ($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 Tunisia (+300.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Egypt

For the third consecutive year, Egypt recorded decline in overseas purchases of iron or steel hot-worked helical springs, which decreased by -22.9% to X tons in 2021. In general, imports showed a sharp slump. The pace of growth was the most pronounced in 2018 when imports increased by 41%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, metal hot-worked helical spring imports rose modestly to $X in 2021. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 71%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal hot-worked helical spring supplier to Egypt, with a 30% share of total imports. Moreover, metal hot-worked helical spring imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-16.6% per year) and Italy (-14.1% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel hot-worked helical springs to Egypt, comprising 30% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.4% per year) and Italy (-6.5% per year).

Import Prices by Country

In 2021, the average metal hot-worked helical spring import price amounted to $X per ton, rising by 36% against the previous year. Over the period under review, the import price posted a significant increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 59% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Japan ($X per ton), while the price for India ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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