Egypt: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Egypt

In 2022, the Egyptian aromatic hydrocarbon mixtures market increased by 0.4% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, saw a mild downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Aromatic Hydrocarbon Mixtures Production in Egypt

In value terms, aromatic hydrocarbon mixtures production declined slightly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports from Egypt

For the eleventh year in a row, Egypt recorded growth in shipments abroad of naphthalene and other aromatic hydrocarbon mixtures, which increased by 191% to X tons in 2022. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aromatic hydrocarbon mixtures exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Egypt, with a 79% share of total exports. Moreover, aromatic hydrocarbon mixtures exports to the Netherlands exceeded the volume sent to the second major destination, Nigeria (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+173.9% per year) and the United Arab Emirates (+94.3% per year).

In value terms, the Netherlands ($X) remains the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from Egypt, comprising 80% of total exports. The second position in the ranking was held by Nigeria ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+150.0% per year) and the United Arab Emirates (+70.3% per year).

Export Prices by Country

In 2022, the average aromatic hydrocarbon mixtures export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, recorded a perceptible slump. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-3.3%), while the prices for the other major destinations experienced a decline.

Aromatic Hydrocarbon Mixtures Imports

Imports into Egypt

Aromatic hydrocarbon mixtures imports into Egypt skyrocketed to X tons in 2022, increasing by 72% on the previous year. Overall, imports saw buoyant growth. The growth pace was the most rapid in 2016 with an increase of 503% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, aromatic hydrocarbon mixtures imports skyrocketed to $X in 2022. In general, imports showed a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by 338% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of aromatic hydrocarbon mixtures to Egypt, accounting for a 76% share of total imports. Moreover, aromatic hydrocarbon mixtures imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), eightfold. The third position in this ranking was taken by Denmark (X tons), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +68.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+12.8% per year) and Denmark (+15.8% per year).

In value terms, China ($X) constituted the largest supplier of naphthalene and other aromatic hydrocarbon mixtures to Egypt, comprising 75% of total imports. The second position in the ranking was held by Spain ($X), with a 9% share of total imports. It was followed by Denmark, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +92.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+15.2% per year) and Denmark (+17.0% per year).

Import Prices by Country

In 2022, the average aromatic hydrocarbon mixtures import price amounted to $X per ton, surging by 66% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aromatic hydrocarbon mixtures import price increased by +80.6% against 2017 indices. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and South Korea ($X per ton), while the price for China ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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