Egypt: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Egypt

The Egyptian polyethylene in primary forms market amounted to $X in 2021, with an increase of 5.3% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Polyethylene in primary forms consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Polyethylene in Primary Forms in Egypt

In value terms, polyethylene in primary forms production expanded rapidly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 27% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Polyethylene in Primary Forms

Exports from Egypt

In 2021, shipments abroad of polyethylene in primary forms was finally on the rise to reach X tons after two years of decline. Overall, exports saw perceptible growth. The most prominent rate of growth was recorded in 2017 with an increase of 164%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, polyethylene in primary forms exports soared to $X in 2021. In general, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 67%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for polyethylene in primary forms exports from Egypt, accounting for a 23% share of total exports. Moreover, polyethylene in primary forms exports to Belgium exceeded the volume sent to the second major destination, Italy (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+18.4% per year) and Turkey (-1.6% per year).

In value terms, Belgium ($X) remains the key foreign market for polyethylene in primary forms exports from Egypt, comprising 23% of total exports. The second position in the ranking was taken by Italy ($X), with a 9.7% share of total exports. It was followed by Turkey, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to Belgium totaled -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+19.2% per year) and Turkey (-1.4% per year).

Export Prices by Country

The average polyethylene in primary forms export price stood at $X per ton in 2021, with an increase of 54% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Libya ($X per ton) and Italy ($X per ton), while the average price for exports to Spain ($X per ton) and Argentina ($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 the United States (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Egypt

Polyethylene in primary forms imports into Egypt expanded modestly to X tons in 2021, with an increase of 3.7% on the year before. In general, imports saw resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by 46%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, polyethylene in primary forms imports soared to $X in 2021. The total import value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Oman (X tons) were the main suppliers of polyethylene in primary forms imports to Egypt, with a combined 81% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +472.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Qatar ($X) constituted the largest polyethylene in primary forms suppliers to Egypt, with a combined 81% share of total imports. Oman, the United States, Germany, South Korea, Belgium and Kuwait lagged somewhat behind, together accounting for a further 7.5%.

Among the main suppliers, Oman, with a CAGR of +392.5%, recorded the highest growth rate of 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 polyethylene in primary forms import price stood at $X per ton in 2021, picking up by 51% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Kuwait ($X per ton), while the price for Oman ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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