Egypt: Polyacetals Market 2024

Polyacetals Market Size in Egypt

The Egyptian polyacetals market skyrocketed to $X in 2021, with an increase of 181% 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). Overall, consumption posted resilient growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Polyacetals Exports

Exports from Egypt

For the fourth consecutive year, Egypt recorded decline in shipments abroad of polyacetals in primary forms, which decreased by -51.8% to X tons in 2021. Over the period under review, exports showed a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 344%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, polyacetals exports shrank rapidly to $X in 2021. In general, exports recorded a slight decrease. The pace of growth appeared the most rapid in 2014 with an increase of 369%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Algeria (X tons) was the main destination for polyacetals exports from Egypt, with a 55% share of total exports. Moreover, polyacetals exports to Algeria exceeded the volume sent to the second major destination, Ghana (X tons), threefold. The third position in this ranking was taken by Tanzania (X tons), with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Algeria amounted to -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+54.8% per year) and Tanzania (+76.8% per year).

In value terms, Algeria ($X) remains the key foreign market for polyacetals in primary forms exports from Egypt, comprising 55% of total exports. The second position in the ranking was taken by Ghana ($X), with a 21% share of total exports. It was followed by Tanzania, with a 19% share.

From 2012 to 2021, the average annual growth rate of value to Algeria amounted to -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+85.3% per year) and Tanzania (+53.3% per year).

Export Prices by Country

In 2021, the average polyacetals export price amounted to $X per ton, increasing by 8.8% against the previous year. Over the period under review, the export price showed measured growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 124% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Ghana ($X per ton) and Tanzania ($X per ton), while the average price for exports to Kenya ($X per ton) and Algeria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Polyacetals Imports

Imports into Egypt

In 2021, approx. X tons of polyacetals in primary forms were imported into Egypt; increasing by 134% against the previous year. In general, imports posted a strong expansion. The growth pace was the most rapid in 2017 with an increase of 306% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, polyacetals imports surged to $X in 2021. Over the period under review, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X tons), Saudi Arabia (X tons) and Turkey (X tons) were the main suppliers of polyacetals imports to Egypt, together comprising 57% of total imports. These countries were followed by China, Germany, India, South Korea and Taiwan (Chinese), which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +116.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Saudi Arabia ($X) and Turkey ($X) were the largest polyacetals suppliers to Egypt, together comprising 57% of total imports. These countries were followed by China, Germany, India, South Korea and Taiwan (Chinese), which together accounted for a further 27%.

Among the main suppliers, India, with a CAGR of +116.8%, 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 2021, the average polyacetals import price amounted to $X per ton, rising by 13% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 81%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were India ($X per ton) and China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Thailand ($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 (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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