Egypt: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Egypt

The Egyptian polymethyl methacrylate market soared to $X in 2022, picking up by 16% against the previous year. Over the period under review, consumption saw a prominent increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Polymethyl Methacrylate Production in Egypt

In value terms, polymethyl methacrylate production surged to $X in 2022 estimated in export price. In general, production enjoyed buoyant growth. The growth pace was the most rapid in 2016 with an increase of 171% against the previous year. Polymethyl methacrylate production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Polymethyl Methacrylate Exports

Exports from Egypt

In 2022, approx. X tons of polymethyl methacrylate in primary forms were exported from Egypt; picking up by 21% on 2021 figures. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 296%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, polymethyl methacrylate exports surged to $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 419%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Lebanon (X tons), Algeria (X tons) and Italy (X tons) were the main destinations of polymethyl methacrylate exports from Egypt, together accounting for 58% of total exports. Mali, Mauritius, Syrian Arab Republic, Ethiopia, Senegal, Libya, Spain, Morocco, Tunisia and Zambia lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Mauritius (with a CAGR of +146.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lebanon ($X), Algeria ($X) and Italy ($X) were the largest markets for polymethyl methacrylate exported from Egypt worldwide, together accounting for 58% of total exports. These countries were followed by Mali, Mauritius, Syrian Arab Republic, Ethiopia, Senegal, Libya, Spain, Morocco, Tunisia and Zambia, which together accounted for a further 37%.

Mauritius, with a CAGR of +153.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average polymethyl methacrylate export price stood at $X per ton in 2022, surging by 8.1% against the previous year. In general, the export price continues to indicate prominent growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 393%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mauritius ($X per ton) and Lebanon ($X per ton), while the average price for exports to Zambia ($X per ton) and Italy ($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 Spain (+55.9%), while the prices for the other major destinations experienced more modest paces of growth.

Polymethyl Methacrylate Imports

Imports into Egypt

For the fourth consecutive year, Egypt recorded decline in purchases abroad of polymethyl methacrylate in primary forms, which decreased by -44% to X tons in 2022. Over the period under review, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2018 with an increase of 68% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, polymethyl methacrylate imports contracted rapidly to $X in 2022. In general, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2018 with an increase of 46% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Turkey (X tons) were the main suppliers of polymethyl methacrylate imports to Egypt, with a combined 49% share of total imports. These countries were followed by Taiwan (Chinese), Jordan, Belgium, Saudi Arabia, the Netherlands, Italy, Germany and France, which together accounted for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +17.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Turkey ($X) appeared to be the largest polymethyl methacrylate suppliers to Egypt, with a combined 49% share of total imports. Taiwan (Chinese), Jordan, Belgium, Saudi Arabia, the Netherlands, Italy, Germany and France lagged somewhat behind, together accounting for a further 38%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +19.5%, saw 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 polymethyl methacrylate import price stood at $X per ton in 2022, with an increase of 13% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polymethyl methacrylate import price increased by +102.7% against 2018 indices. The growth pace was the most rapid in 2020 when the average import price increased by 47%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Jordan ($X per ton) and Saudi Arabia ($X per ton), while the price for France ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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