Egypt: Plastic Closure Market 2024

Plastic Closure Market Size in Egypt

The Egyptian plastic closure market rose rapidly to $X in 2022, growing by 11% against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Plastic Closure Production in Egypt

In value terms, plastic closure production expanded significantly to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 66%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Plastic Closure Exports

Exports from Egypt

In 2022, the amount of plastic stoppers, caps and closures exported from Egypt dropped notably to X tons, declining by -21.5% compared with the previous year. Overall, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 52%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic closure exports declined remarkably to $X in 2022. Over the period under review, exports continue to indicate a mild reduction. The growth pace was the most rapid in 2021 with an increase of 27%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Libya (X tons), Sudan (X tons) and Morocco (X tons) were the main destinations of plastic closure exports from Egypt, with a combined 43% share of total exports. Kenya, Saudi Arabia, Nigeria, Algeria, the United Arab Emirates, Tunisia, Turkey, Cameroon, Palestine and Iraq lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Palestine (with a CAGR of +12.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic closure exported from Egypt were Libya ($X), Sudan ($X) and Morocco ($X), together comprising 43% of total exports. Kenya, Saudi Arabia, Nigeria, Algeria, the United Arab Emirates, Tunisia, Turkey, Cameroon, Palestine and Iraq lagged somewhat behind, together comprising a further 43%.

Palestine, with a CAGR of +26.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plastic closure export price amounted to $X per ton, growing by 4.6% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. 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 in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Cameroon ($X per ton) and Kenya ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Closure Imports

Imports into Egypt

In 2022, supplies from abroad of plastic stoppers, caps and closures increased by 7.2% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of 46% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic closure imports surged to $X in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 24%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of plastic closure imports to Egypt, together comprising 42% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +16.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic closure suppliers to Egypt were China ($X), Turkey ($X) and Italy ($X), with a combined 42% share of total imports.

In terms of the main suppliers, China, with a CAGR of +16.3%, 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

In 2022, the average plastic closure import price amounted to $X per ton, picking up by 11% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic closure import price increased by +75.5% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 32% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per ton) and India ($X per ton), while the price for China ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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