Egypt: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Egypt

In 2021, after three years of growth, there was significant decline in the Egyptian cement prefabricated structural components market, when its value decreased by -8.8% to $X. Over the period under review, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Egypt

In value terms, cement prefabricated structural components production contracted to $X in 2021 estimated in export price. Overall, production, however, showed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 48%. Cement prefabricated structural components production peaked at $X in 2020, and then fell in the following year.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from Egypt

In 2021, shipments abroad of prefabricated structural components of cement, concrete or artificial stone decreased by -39.7% to X tons, falling for the fifth year in a row after three years of growth. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 148% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, cement prefabricated structural components exports reduced remarkably to $X in 2021. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 348%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X tons), Iraq (X tons) and the Netherlands (X tons) were the main destinations of cement prefabricated structural components exports from Egypt, with a combined 50% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +13.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X) remains the key foreign market for prefabricated structural components of cement, concrete or artificial stone exports from Egypt, comprising 47% of total exports. The second position in the ranking was held by Norway ($X), with a 12% share of total exports. It was followed by Nigeria, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-23.0% per year) and Nigeria (+18.6% per year).

Export Prices by Country

The average cement prefabricated structural components export price stood at $X per ton in 2021, which is down by -10.2% against the previous year. In general, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cement prefabricated structural components export price decreased by -24.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 80% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Cyprus ($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 Nigeria (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into Egypt

Cement prefabricated structural components imports into Egypt surged to X tons in 2021, jumping by 525% on 2020. In general, imports saw a strong expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 943% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, cement prefabricated structural components imports soared to $X in 2021. Overall, imports saw prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Greece (X tons) constituted the largest cement prefabricated structural components supplier to Egypt, with a 73% share of total imports. Moreover, cement prefabricated structural components imports from Greece exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Greece stood at +33.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.7% per year) and China (-26.8% per year).

In value terms, Greece ($X) constituted the largest supplier of prefabricated structural components of cement, concrete or artificial stone to Egypt, comprising 70% of total imports. The second position in the ranking was held by Italy ($X), with a 3.2% share of total imports. It was followed by China, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value from Greece amounted to +35.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.6% per year) and China (-19.1% per year).

Import Prices by Country

In 2021, the average cement prefabricated structural components import price amounted to $X per ton, picking up by 7.4% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2018 an increase of 71%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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