Egypt: Monophenols Market 2024

Monophenols Market Size in Egypt

The Egyptian monophenols market shrank rapidly to $X in 2021, falling by -52.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Monophenols Exports

Exports from Egypt

In 2021, shipments abroad of monophenols increased by 9% to X tons, rising for the fifth year in a row after three years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, monophenols exports rose significantly to $X in 2021. Overall, exports, however, saw a abrupt descent. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for monophenols exports from Egypt, with a 72% share of total exports. Moreover, monophenols exports to Saudi Arabia exceeded the volume sent to the second major destination, Sudan (X tons), fourfold. Tunisia (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (-11.4% per year) and Tunisia (+24.3% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for monophenols exports from Egypt, comprising 80% of total exports. The second position in the ranking was held by Tunisia ($X), with a 12% share of total exports. It was followed by Sudan, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (+16.1% per year) and Sudan (-27.8% per year).

Export Prices by Country

In 2021, the average monophenols export price amounted to $X per ton, flattening at the previous year. In general, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 11%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Tunisia ($X per ton), while the average price for exports to Sudan ($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 Saudi Arabia (+2.8%), while the prices for the other major destinations experienced a decline.

Monophenols Imports

Imports into Egypt

In 2021, supplies from abroad of monophenols decreased by -53.4% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 112% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, monophenols imports fell significantly to $X in 2021. In general, imports faced a deep downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 98% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), France (X tons) and South Africa (X tons) were the main suppliers of monophenols imports to Egypt, with a combined 56% share of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +16.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), South Africa ($X) and France ($X) were the largest monophenols suppliers to Egypt, together comprising 43% of total imports.

France, with a CAGR of +8.0%, 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 a decline.

Import Prices by Country

In 2021, the average monophenols import price amounted to $X per ton, growing by 20% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 34% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Finland ($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 (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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