Egypt: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Egypt

In 2021, after two years of growth, there was decline in the Egyptian market for plastic fittings for tubes, pipes and hoses, when its value decreased by -3.2% to $X. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then declined slightly in the following year.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Egypt

In value terms, production of plastic fittings for tubes, pipes and hoses contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 16% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Egypt

In 2021, exports of plastic fittings for tubes, pipes and hoses from Egypt soared to X tons, rising by 23% against the previous year's figure. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 463% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 388%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for exports of plastic fittings for tubes, pipes and hoses from Egypt, with a 28% share of total exports. Moreover, exports of plastic fittings for tubes, pipes and hoses to Iraq exceeded the volume sent to the second major destination, Libya (X tons), twofold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iraq stood at +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (-4.0% per year) and Saudi Arabia (+62.0% per year).

In value terms, Iraq ($X) remains the key foreign market for plastic fittings for tubes, pipes and hoses exports from Egypt, comprising 32% of total exports. The second position in the ranking was held by Libya ($X), with a 16% share of total exports. It was followed by Saudi Arabia, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Iraq stood at +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+8.6% per year) and Saudi Arabia (+69.4% per year).

Export Prices by Country

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, growing by 17% against the previous year. Overall, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for plastic fittings for tubes, pipes and hoses increased by +83.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 57%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Iraq ($X per ton), while the average price for exports to Eritrea ($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 Libya (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Egypt

In 2021, the amount of plastic fittings for tubes, pipes and hoses imported into Egypt skyrocketed to X tons, growing by 22% compared with 2020 figures. Overall, imports posted buoyant growth. The growth pace was the most rapid in 2018 when imports increased by 61% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, imports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 57% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Italy (X tons) and China (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to Egypt, together comprising 43% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +39.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic fittings for tubes, pipes and hoses suppliers to Egypt were Germany ($X), Italy ($X) and China ($X), together comprising 43% of total imports. Turkey, India, the United Arab Emirates, Cyprus, Switzerland, Saudi Arabia and the UK lagged somewhat behind, together accounting for a further 39%.

Cyprus, with a CAGR of +35.3%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 plastic fittings for tubes, pipes and hoses amounted to $X per ton, rising by 26% against the previous year. Overall, the import price, however, showed a slight downturn. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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