Egypt: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Egypt

In 2022, the Egyptian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 0.3% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a noticeable slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Egypt

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed a strong expansion. The growth pace was the most rapid in 2014 when the production volume increased by 195% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Egypt

In 2022, approx. X tons of polyethylene terephthalate and other polyethylene terephthalate in primary forms were exported from Egypt; with an increase of 235% against the previous year's figure. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 710% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms soared to $X in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 1,826% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons), Italy (X tons) and Algeria (X tons) were the main destinations of exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Egypt, together comprising 61% of total exports. Morocco, Romania, Lebanon, Brazil, the Dominican Republic, Israel, Saudi Arabia, Ecuador, Cyprus and Bulgaria lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +364.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and Algeria ($X) were the largest markets for polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from Egypt worldwide, together comprising 60% of total exports. Morocco, Romania, Lebanon, Brazil, the Dominican Republic, Israel, Saudi Arabia, Ecuador, Bulgaria and Cyprus lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, Morocco, with a CAGR of +293.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2014 an increase of 138%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Algeria ($X per ton) and Lebanon ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) and Italy ($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 the Dominican Republic (-3.0%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Egypt

In 2022, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms into Egypt declined to X tons, waning by -7.8% against the previous year. Over the period under review, imports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 87%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined to $X in 2022. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 85%. Over the period under review, imports of reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Egypt, with a 68% share of total imports. Moreover, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+12.9% per year) and Malaysia (-9.3% per year).

In value terms, China ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Egypt, comprising 69% of total imports. The second position in the ranking was taken by India ($X), with a 22% share of total imports. It was followed by Malaysia, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.0% per year) and Malaysia (-15.4% per year).

Import Prices by Country

The average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of 24% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Pakistan ($X per ton) and Saudi Arabia ($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 (+29.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :