Egypt: Iron Ore Market 2021

Iron Ore Market Size in Egypt

After two years of growth, the Egyptian iron ore market decreased by -X% to $X in 2019. Over the period under review, consumption, however, recorded a prominent increase. The pace of growth was the most pronounced in 2017 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.

Iron Ore Production in Egypt

In value terms, iron ore production expanded slightly to $X in 2019 estimated in export prices. In general, production continues to indicate a drastic downturn. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Iron ore production peaked at $X in 2011; however, from 2012 to 2019, production stood at a somewhat lower figure.

Iron Ore Exports

Exports from Egypt

In 2019, the amount of iron ores exported from Egypt totaled X tons, growing by X% against 2018. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Exports peaked at X tons in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, iron ore exports soared to $X in 2019. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, exports reached the maximum in 2019 and are likely to see steady growth in years to come.

Exports by Country

China (X tons), Slovakia (X tons) and Serbia (X tons) were the main destinations of iron ore exports from Egypt, together accounting for X% of total exports. Jordan and the UK lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), China ($X) and the UK ($X) constituted the largest markets for iron ore exported from Egypt worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the UK saw 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

The average iron ore export price stood at $X per ton in 2019, increasing by X% against the previous year. In general, the export price, however, recorded a significant decline. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per ton in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was the UK ($X per ton), while the average price for exports to Jordan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Serbia, while the prices for the other major destinations experienced mixed trend patterns.

Iron Ore Imports

Imports into Egypt

In 2019, overseas purchases of iron ores decreased by -X% to X tons for the first time since 2015, thus ending a three-year rising trend. Over the period under review, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Imports peaked at X tons in 2018, and then declined modestly in the following year.

In value terms, iron ore imports dropped to $X in 2019. In general, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018, and then fell in the following year.

Imports by Country

In 2019, Brazil (X tons) constituted the largest supplier of iron ore to Egypt, accounting for a X% share of total imports. Moreover, iron ore imports from Brazil exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. The third position in this ranking was occupied by Oman (X tons), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Brazil amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+X% per year) and Oman (+X% per year).

In value terms, Brazil ($X) constituted the largest supplier of iron ore to Egypt, comprising X% of total imports. The second position in the ranking was occupied by Bahrain ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Brazil stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (+X% per year) and Oman (+X% per year).

Import Prices by Country

The average iron ore import price stood at $X per ton in 2019, which is down by -X% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2010; however, from 2011 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Brazil ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Bahrain, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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