Egypt: Metal Washer Market 2024

Metal Washer Market Size in Egypt

In 2021, the Egyptian metal washer market decreased by -30.2% to $X, falling for the third consecutive year after two years of growth. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Metal Washer Exports

Exports from Egypt

In 2021, the amount of iron or steel washers exported from Egypt reduced modestly to X kg, waning by -4.5% against 2020. Over the period under review, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 452%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, metal washer exports shrank to $X in 2021. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 538%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Greece (X kg), Germany (X kg) and Saudi Arabia (X kg) were the main destinations of metal washer exports from Egypt, together comprising 53% of total exports. These countries were followed by Sudan, Lebanon, Algeria, Spain, Ukraine, South Africa, Australia, Zambia, Morocco and Ethiopia, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +96.1%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Greece ($X) and Germany ($X) constituted the largest markets for metal washer exported from Egypt worldwide, with a combined 76% share of total exports. These countries were followed by Sudan, Australia, Algeria, Ethiopia, South Africa, Spain, Morocco, Ukraine, Zambia and Lebanon, which together accounted for a further 17%.

South Africa, with a CAGR of +105.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal washer export price stood at $X per ton in 2021, picking up by 2% against the previous year. Over the period under review, the export price posted a resilient expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 139%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Lebanon ($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 Sudan (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Washer Imports

Imports into Egypt

In 2021, purchases abroad of iron or steel washers decreased by -32.8% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, showed a notable increase. The most prominent rate of growth was recorded in 2015 with an increase of 94% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, metal washer imports declined sharply to $X in 2021. In general, imports showed a noticeable downturn. The pace of growth appeared the most rapid in 2015 with an increase of 156%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal washer supplier to Egypt, accounting for a 79% share of total imports. Moreover, metal washer imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+33.1% per year) and India (-1.2% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel washers to Egypt, comprising 26% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Italy, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.6% per year) and Italy (-3.8% per year).

Import Prices by Country

In 2021, the average metal washer import price amounted to $X per ton, surging by 9.8% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The growth pace was the most rapid in 2013 when the average import price increased by 78% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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