Egypt: Peroxosulphates Market 2024

Peroxosulphates Market Size in Egypt

The Egyptian peroxosulphates market reached $X in 2021, surging by 11% 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). Over the period under review, consumption enjoyed significant growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Peroxosulphates Exports

Exports from Egypt

In 2021, shipments abroad of peroxosulphates (persulphates) increased by 18% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 34%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, peroxosulphates exports skyrocketed to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 59% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Greece (X tons) was the main destination for peroxosulphates exports from Egypt, with a 81% share of total exports. Moreover, peroxosulphates exports to Greece exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Greece amounted to +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-7.2% per year) and Sudan (+50.4% per year).

In value terms, Greece ($X) remains the key foreign market for peroxosulphates exports from Egypt, comprising 74% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-8.4% per year) and Sudan (+84.6% per year).

Export Prices by Country

In 2021, the average peroxosulphates export price amounted to $X per ton, surging by 8.6% against the previous year. Over the period under review, the export price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 61% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Sudan ($X per ton), while the average price for exports to Greece ($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 Mexico (+87.2%), while the prices for the other major destinations experienced more modest paces of growth.

Peroxosulphates Imports

Imports into Egypt

Peroxosulphates imports into Egypt amounted to X tons in 2021, surging by 10% on the previous year. In general, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2015 when imports increased by 1,066% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, peroxosulphates imports soared to $X in 2021. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2013 when imports increased by 128% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), Turkey (X tons) and Belgium (X tons) were the main suppliers of peroxosulphates imports to Egypt, with a combined 75% share of total imports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +45.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Turkey ($X) and Belgium ($X) constituted the largest peroxosulphates suppliers to Egypt, with a combined 75% share of total imports.

Belgium, with a CAGR of +37.4%, saw 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

The average peroxosulphates import price stood at $X per ton in 2021, with an increase of 9.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 548% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Japan ($X per ton) and China ($X per ton), while the price for Germany ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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