Egypt: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Egypt

The Egyptian market for plastic hoses and hose fittings was estimated at $X in 2021, leveling off at the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.8% against 2015 indices. Plastic hose and hose fitting consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Plastic Hoses and Hose Fittings in Egypt

In value terms, plastic hose and hose fitting production declined slightly to $X in 2021 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +49.2% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then reduced modestly in the following year.

Exports of Plastic Hoses and Hose Fittings

Exports from Egypt

In 2021, the amount of plastic hoses and hose fittings exported from Egypt shrank rapidly to X tons, with a decrease of -46.7% compared with 2020 figures. Overall, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2019 with an increase of 75% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, plastic hose and hose fitting exports contracted dramatically to $X in 2021. Over the period under review, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of 69% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Libya (X tons) was the main destination for plastic hose and hose fitting exports from Egypt, accounting for a 41% share of total exports. Moreover, plastic hose and hose fitting exports to Libya exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. The third position in this ranking was held by Iraq (X tons), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume to Libya stood at -26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-9.0% per year) and Iraq (-34.8% per year).

In value terms, Libya ($X) remains the key foreign market for plastic hoses and hose fittings exports from Egypt, comprising 60% of total exports. The second position in the ranking was held by Iraq ($X), with a 7.9% share of total exports. It was followed by Morocco, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Libya totaled -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-24.2% per year) and Morocco (+28.4% per year).

Export Prices by Country

The average export price for plastic hoses and hose fittings stood at $X per ton in 2021, picking up by 47% against the previous year. Over the period under review, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 229%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Sudan ($X per ton), while the average price for exports to Saudi Arabia ($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 Romania (+91.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Egypt

In 2021, the amount of plastic hoses and hose fittings imported into Egypt expanded notably to X tons, with an increase of 9.7% on the previous year's figure. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 89% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, plastic hose and hose fitting imports contracted to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.6% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 51%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest plastic hose and hose fitting supplier to Egypt, with a 45% share of total imports. Moreover, plastic hose and hose fitting imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by China (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia totaled +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.6% per year) and China (-3.6% per year).

In value terms, Germany ($X) constituted the largest supplier of plastic hoses and hose fittings to Egypt, comprising 58% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 7.4% share of total imports. It was followed by China, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+35.6% per year) and China (+6.3% per year).

Import Prices by Country

In 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, with a decrease of -14.7% against the previous year. In general, the import price saw a mild contraction. The most prominent rate of growth was recorded in 2013 an increase of 33%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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