Egypt: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Egypt

In 2021, the Egyptian non-woven glass fibre articles market decreased by -33.5% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption continues to indicate a mild decrease. Over the period under review, the market hit record highs at $X in 2020, and then contracted rapidly in the following year.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Egypt

In 2021, overseas shipments of non-woven glass fibre webs, felts, mattresses and boards increased by 144% to X tons, rising for the second consecutive year after four years of decline. In general, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of 158%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-woven glass fibre articles exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Morocco (X tons), India (X tons) and the United States (X tons) were the main destinations of non-woven glass fibre articles exports from Egypt, with a combined 46% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +215.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-woven glass fibre articles exported from Egypt were Morocco ($X), India ($X) and the United States ($X), with a combined 50% share of total exports.

The United States, with a CAGR of +268.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 non-woven glass fibre articles export price amounted to $X per ton, rising by 20% against the previous year. In general, the export price showed temperate growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 244%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Sudan ($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 Syrian Arab Republic (+51.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Egypt

In 2021, purchases abroad of non-woven glass fibre webs, felts, mattresses and boards decreased by -18.7% to X tons, falling for the second consecutive year after three years of growth. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 80% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-woven glass fibre articles imports fell markedly to $X in 2021. Over the period under review, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 61% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Turkey (X tons) and Sweden (X tons) were the main suppliers of non-woven glass fibre articles imports to Egypt, together comprising 75% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +47.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest non-woven glass fibre articles suppliers to Egypt were China ($X), Turkey ($X) and Italy ($X), together accounting for 68% of total imports. These countries were followed by Sweden and Japan, which together accounted for a further 14%.

Among the main suppliers, Sweden, with a CAGR of +42.5%, saw the highest rates of growth with regard to 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 non-woven glass fibre articles import price stood at $X per ton in 2021, increasing by 4.2% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-woven glass fibre articles import price increased by +71.9% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 65% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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