Egypt: Prepared Binders Market 2024

Prepared Binders Market Size in Egypt

The Egyptian prepared binders market soared to $X in 2021, surging by 34% against the previous year. Over the period under review, consumption, however, saw a resilient expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Prepared Binders Production in Egypt

In value terms, prepared binders production dropped to $X in 2021 estimated in export price. In general, production, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 48% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Prepared Binders Exports

Exports from Egypt

Prepared binders exports from Egypt soared to X tons in 2021, with an increase of 524% against the previous year. In general, exports enjoyed a strong expansion. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared binders exports soared to $X in 2021. Overall, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for prepared binders exports from Egypt, with a 71% share of total exports. Moreover, prepared binders exports to India exceeded the volume sent to the second major destination, Libya (X tons), sevenfold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +33.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+97.9% per year) and Saudi Arabia (-3.1% per year).

In value terms, India ($X) emerged as the key foreign market for prepared binders for foundry moulds or cores exports from Egypt, comprising 75% of total exports. The second position in the ranking was held by Libya ($X), with an 11% share of total exports. It was followed by Cyprus, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to India amounted to +51.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+149.8% per year) and Cyprus (+0.6% per year).

Export Prices by Country

The average prepared binders export price stood at $X per ton in 2021, jumping by 35% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 710% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Saudi Arabia ($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 Turkey (+50.1%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Binders Imports

Imports into Egypt

In 2021, overseas purchases of prepared binders for foundry moulds or cores were finally on the rise to reach X tons after two years of decline. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 186%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, prepared binders imports surged to $X in 2021. In general, imports, however, showed a perceptible decline. The pace of growth was the most pronounced in 2018 with an increase of 118%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

The UK (X tons), the United States (X tons) and China (X tons) were the main suppliers of prepared binders imports to Egypt, together accounting for 42% of total imports. Germany, Italy, India, France, Spain, Mexico, Denmark, Australia and Switzerland lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +74.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) constituted the largest prepared binders suppliers to Egypt, with a combined 49% share of total imports. These countries were followed by India, the UK, Switzerland, Spain, Italy, France, Denmark, Mexico and Australia, which together accounted for a further 40%.

Among the main suppliers, Australia, with a CAGR of +47.9%, saw the highest rates of growth with regard to 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 prepared binders import price stood at $X per ton in 2021, which is down by -9.3% against the previous year. In general, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 34%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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