Egypt: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Egypt

In 2021, after three years of decline, there was growth in the Egyptian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when its value increased by 4.1% to $X. Over the period under review, consumption, however, continues to indicate a noticeable decrease. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Egypt

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning expanded to $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by 40%. As a result, production reached the peak level of $X. From 2018 to 2021, production of growth remained at a somewhat lower figure.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Egypt

In 2021, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -30.6% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of 69% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning contracted remarkably to $X in 2021. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 23%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Egypt, accounting for a 48% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Germany exceeded the volume sent to the second major destination, Tanzania (X tons), twofold. Kenya (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (0.0% per year) and Kenya (0.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Egypt, comprising 56% of total exports. The second position in the ranking was taken by Kenya ($X), with a 15% share of total exports. It was followed by Tanzania, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (0.0% per year) and Tanzania (0.0% per year).

Export Prices by Country

The average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, increasing by 15% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by +25.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 87% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Egypt

After five years of growth, overseas purchases of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -15.4% to X tons in 2021. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 524%. Imports peaked at X tons in 2020, and then shrank remarkably in the following year.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 505% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) was the main polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to Egypt, accounting for a 95% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Turkey exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +55.6%.

In value terms, Turkey ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Egypt, comprising 95% of total imports. The second position in the ranking was taken by Belgium ($X), with a 4.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at +55.4%.

Import Prices by Country

In 2021, the average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, growing by 40% against the previous year. Over the period under review, the import price, however, continues to indicate a mild downturn. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 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 country with the highest price was Belgium ($X per ton), while the price for Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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