Egypt: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Egypt

The Egyptian rubber-to-metal and moulded article market declined to $X in 2021, reducing by -10.2% 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). In general, consumption continues to indicate a deep downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Egypt

In 2021, the amount of rubber-to-metal and moulded articles exported from Egypt dropped markedly to X tons, with a decrease of -54.3% compared with 2020. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 482%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, rubber-to-metal and moulded article exports declined markedly to $X in 2021. Overall, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of 777%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Iraq (X tons) and Algeria (X tons) were the main destinations of rubber-to-metal and moulded article exports from Egypt, together comprising 56% of total exports. These countries were followed by Saudi Arabia, China, Colombia and Italy, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +25.8%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), China ($X) and Algeria ($X) constituted the largest markets for rubber-to-metal and moulded article exported from Egypt worldwide, with a combined 42% share of total exports.

In terms of the main countries of destination, China, with a CAGR of +47.8%, recorded the highest growth rate of 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 rubber-to-metal and moulded article export price amounted to $X per ton, with an increase of 68% against the previous year. In general, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 249% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to the United Arab Emirates ($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 (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Egypt

In 2021, overseas purchases of rubber-to-metal and moulded articles decreased by -26.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 89% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, rubber-to-metal and moulded article imports rose markedly to $X in 2021. Overall, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 43%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Egypt, together comprising 56% of total imports. These countries were followed by Turkey, Germany, India, Thailand, Switzerland, Taiwan (Chinese), Italy, Belgium, the Czech Republic and the United States, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +31.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Turkey ($X) appeared to be the largest rubber-to-metal and moulded article suppliers to Egypt, together comprising 57% of total imports. Germany, India, the United Arab Emirates, Thailand, Switzerland, Taiwan (Chinese), Italy, Belgium, the Czech Republic and the United States lagged somewhat behind, together comprising a further 25%.

In terms of the main suppliers, Switzerland, with a CAGR of +41.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rubber-to-metal and moulded article import price stood at $X per ton in 2021, rising by 50% against the previous year. Overall, the import price enjoyed a tangible increase. The growth pace was the most rapid in 2020 when the average import price increased by 171% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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