Egypt: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Egypt

In 2021, the Egyptian market for palmitic acid, stearic acid, their salts and esters decreased by -1% to $X, falling for the second consecutive year after four years of growth. In general, consumption, however, posted a buoyant increase. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Egypt

In 2021, the amount of palmitic acid, stearic acid, their salts and esters exported from Egypt dropped remarkably to X tons, with a decrease of -85.9% against 2020. In general, exports faced a dramatic slump. The pace of growth was the most pronounced in 2016 with an increase of 1,811% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters dropped markedly to $X in 2021. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when exports increased by 1,170% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from Egypt, with a 71% share of total exports. Moreover, exports of palmitic acid, stearic acid, their salts and esters to Saudi Arabia exceeded the volume sent to the second major destination, Sudan (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia was relatively modest.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for palmitic acid, stearic acid, their salts and esters exports from Egypt, comprising 71% of total exports. The second position in the ranking was held by Sudan ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia was relatively modest.

Export Prices by Country

In 2021, the average export price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, surging by 64% against the previous year. Overall, the export price recorded resilient growth. The pace of growth appeared the most rapid in 2018 an increase of 169%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Saudi Arabia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+73.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Egypt

In 2021, supplies from abroad of palmitic acid, stearic acid, their salts and esters decreased by -6.9% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, saw resilient growth. The growth pace was the most rapid in 2016 with an increase of 44%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021. In general, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 23% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X tons), China (X tons) and India (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to Egypt, with a combined 63% share of total imports. Malaysia, Italy, Denmark, Indonesia and Spain lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +76.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest palmitic acid, stearic acid, their salts and esters suppliers to Egypt were Turkey ($X), China ($X) and India ($X), together comprising 63% of total imports. These countries were followed by Malaysia, Italy, Denmark, Indonesia and Spain, which together accounted for a further 27%.

Denmark, with a CAGR of +53.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, growing by 26% against the previous year. Over the period under review, the import price, however, recorded a mild slump. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were India ($X per ton) and Indonesia ($X per ton), while the price for Italy ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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