Egypt: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Egypt

In 2021, the Egyptian cyclic hydrocarbons market increased by 10% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, saw a mild descent. Cyclic hydrocarbons consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Cyclic Hydrocarbons Production in Egypt

In value terms, cyclic hydrocarbons production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced decrease. The growth pace was the most rapid in 2015 when the production volume increased by 51%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports from Egypt

In 2021, overseas shipments of other cyclic hydrocarbons increased by 513% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by 559%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, cyclic hydrocarbons exports skyrocketed to $X in 2021. Overall, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), China (X tons) and Sudan (X tons) were the main destinations of cyclic hydrocarbons exports from Egypt, together accounting for 97% 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 +19.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for other cyclic hydrocarbons exports from Egypt, comprising 56% of total exports. The second position in the ranking was held by Sudan ($X), with a 23% share of total exports. It was followed by China, with an 18% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (-6.4% per year) and China (0.0% per year).

Export Prices by Country

The average cyclic hydrocarbons export price stood at $X per ton in 2021, picking up by 36% against the previous year. In general, the export price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 47%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia ($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 the United States (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclic Hydrocarbons Imports

Imports into Egypt

In 2021, after two years of decline, there was significant growth in supplies from abroad of other cyclic hydrocarbons, when their volume increased by 291% to X tons. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest cyclic hydrocarbons supplier to Egypt, accounting for a 53% share of total imports. Moreover, cyclic hydrocarbons imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was held by India (X tons), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+16.4% per year) and India (+47.7% per year).

In value terms, China ($X) constituted the largest supplier of other cyclic hydrocarbons to Egypt, comprising 27% of total imports. The second position in the ranking was held by South Korea ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+4.0% per year) and the United Arab Emirates (+17.8% per year).

Import Prices by Country

In 2021, the average cyclic hydrocarbons import price amounted to $X per ton, with a decrease of -5.8% against the previous year. Over the period under review, the import price saw a drastic downturn. The growth pace was the most rapid in 2018 an increase of 20% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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