Egypt: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Egypt

In 2021, the Egyptian metal link chain parts market decreased by -10.4% to $X, falling for the seventh year in a row after three years of growth. In general, consumption recorded a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Egypt

In value terms, metal link chain parts production expanded remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a deep setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 24% against the previous year. Metal link chain parts production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Egypt

In 2021, the amount of iron or steel parts of articulated link chain exported from Egypt surged to X tons, increasing by 28% against 2020 figures. In general, exports enjoyed temperate growth. The pace of growth appeared the most rapid in 2016 with an increase of 693%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal link chain parts exports soared to $X in 2021. Over the period under review, exports showed buoyant growth. The growth pace was the most rapid in 2016 with an increase of 3,677%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Tanzania (X kg) was the main destination for metal link chain parts exports from Egypt, with a 51% share of total exports. Moreover, metal link chain parts exports to Tanzania exceeded the volume sent to the second major destination, Germany (X kg), twofold. The third position in this ranking was taken by Palestine (X kg), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tanzania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Palestine (-95.8% per year).

In value terms, Tanzania ($X), Kenya ($X) and Germany ($X) constituted the largest markets for metal link chain parts exported from Egypt worldwide, with a combined 48% share of total exports.

Among the main countries of destination, Kenya, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal link chain parts export price amounted to $X per ton, shrinking by -3.9% against the previous year. Overall, the export price, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 633% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Germany ($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 Palestine (+43.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Egypt

In 2021, the amount of iron or steel parts of articulated link chain imported into Egypt surged to X tons, increasing by 15% on 2020. Overall, imports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2013 with an increase of 104% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, metal link chain parts imports soared to $X in 2021. In general, imports posted mild growth. The pace of growth was the most pronounced in 2019 when imports increased by 115% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main suppliers of metal link chain parts imports to Egypt, together comprising 66% of total imports. Japan, Italy, France and Turkey lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +37.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal link chain parts suppliers to Egypt were Germany ($X), the United States ($X) and China ($X), with a combined 65% share of total imports. Japan, Italy, France and Turkey lagged somewhat behind, together accounting for a further 19%.

Japan, with a CAGR of +28.6%, saw the highest growth rate of the value of imports, in terms of 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 2021, the average metal link chain parts import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price posted a measured increase. The pace of growth appeared the most rapid in 2019 an increase of 72%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Turkey ($X per ton), while the price for Germany ($X per ton) and the United States ($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 (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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