Egypt: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Egypt

In 2021, the Egyptian iron oxide pigment market increased by 9% to $X, rising for the third year in a row after two years of decline. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.7% against 2018 indices. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Iron Oxide Pigment Production in Egypt

In value terms, iron oxide pigment production soared to $X in 2021 estimated in export price. In general, production recorded a buoyant expansion. The growth pace was the most rapid in 2017 when the production volume increased by 535%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Iron Oxide Pigment Exports

Exports from Egypt

In 2021, shipments abroad of iron oxide pigments decreased by -26.1% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 2,402% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, iron oxide pigment exports skyrocketed to $X in 2021. Over the period under review, exports, however, posted a resilient increase. The growth pace was the most rapid in 2017 with an increase of 1,603% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Jordan (X tons), Libya (X tons) and India (X tons) were the main destinations of iron oxide pigment exports from Egypt, together comprising 77% of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +33.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron oxide pigment exported from Egypt were Libya ($X), Jordan ($X) and India ($X), together comprising 76% of total exports.

Among the main countries of destination, India, with a CAGR of +84.0%, 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

In 2021, the average iron oxide pigment export price amounted to $X per ton, surging by 155% against the previous year. In general, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 1,719% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Oman ($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 Senegal (+49.0%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Oxide Pigment Imports

Imports into Egypt

Iron oxide pigment imports into Egypt shrank rapidly to X tons in 2021, with a decrease of -44.1% compared with the previous year's figure. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 113%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, iron oxide pigment imports dropped notably to $X in 2021. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 102% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest iron oxide pigment supplier to Egypt, accounting for a 60% share of total imports. Moreover, iron oxide pigment 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 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.0% per year) and Italy (-15.5% per year).

In value terms, China ($X) constituted the largest supplier of iron oxide pigments to Egypt, comprising 60% of total imports. The second position in the ranking was held by Germany ($X), with a 23% share of total imports. It was followed by Italy, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.7% per year) and Italy (-15.2% per year).

Import Prices by Country

In 2021, the average iron oxide pigment import price amounted to $X per ton, jumping by 15% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 59% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :