Egypt: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Egypt

The Egyptian plastic reservoir market stood at $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Plastic reservoir consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Plastic Reservoir Production in Egypt

In value terms, plastic reservoir production rose modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 28%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Plastic Reservoir Exports

Exports from Egypt

Plastic reservoir exports from Egypt shrank notably to X tons in 2022, waning by -58% against the previous year's figure. In general, exports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2014 when exports increased by 606%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic reservoir exports dropped rapidly to $X in 2022. Overall, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 433%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), Yemen (X tons) and Sudan (X kg) were the main destinations of plastic reservoir exports from Egypt, together comprising 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +21.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for plastic reservoir exported from Egypt were Saudi Arabia ($X), Yemen ($X) and Sudan ($X), with a combined 100% share of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of +18.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average plastic reservoir export price stood at $X per ton in 2022, with a decrease of -5.1% against the previous year. Overall, the export price recorded a slight slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 179%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Sudan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (-1.2%), while the prices for the other major destinations experienced a decline.

Plastic Reservoir Imports

Imports into Egypt

In 2022, purchases abroad of plastic reservoirs, tanks and vats decreased by -66.6% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2017 when imports increased by 238%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, plastic reservoir imports dropped remarkably to $X in 2022. Overall, imports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2014 with an increase of 115% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Spain (X tons) and South Korea (X tons) were the main suppliers of plastic reservoir imports to Egypt, with a combined 54% share of total imports. India, the UK, China, Turkey, Germany, Italy and the United States lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +50.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic reservoir suppliers to Egypt were the United Arab Emirates ($X), Spain ($X) and South Korea ($X), with a combined 54% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +51.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic reservoir import price stood at $X per ton in 2022, picking up by 21% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 56%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and South Korea ($X per ton), while the price for the United States ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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