Egypt: Propylene Glycol Market 2024

Propylene Glycol Market Size in Egypt

In 2022, the Egyptian propylene glycol market increased by 1.8% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +62.8% against 2020 indices. Propylene glycol consumption peaked in 2022 and is expected to retain growth in the near future.

Propylene Glycol Exports

Exports from Egypt

In 2022, approx. X tons of propylene glycol (propane-1,2-diol) were exported from Egypt; picking up by 19% on 2021 figures. Over the period under review, exports, however, recorded a deep setback. The pace of growth was the most pronounced in 2019 when exports increased by 152% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, propylene glycol exports reached $X in 2022. In general, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 82%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sudan (X tons) was the main destination for propylene glycol exports from Egypt, accounting for a 89% share of total exports. Moreover, propylene glycol exports to Sudan exceeded the volume sent to the second major destination, Bulgaria (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Sudan totaled -7.6%.

In value terms, Sudan ($X) remains the key foreign market for propylene glycol (propane-1,2-diol) exports from Egypt, comprising 83% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sudan stood at -9.4%.

Export Prices by Country

In 2022, the average propylene glycol export price amounted to $X per ton, with a decrease of -12.6% against the previous year. In general, the export price showed a mild reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 126% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Sudan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+524.6%), while the prices for the other major destinations experienced mixed trend patterns.

Propylene Glycol Imports

Imports into Egypt

In 2022, imports of propylene glycol (propane-1,2-diol) into Egypt fell notably to X tons, with a decrease of -17.2% against the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 38%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, propylene glycol imports reached $X in 2022. Overall, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 97% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of propylene glycol to Egypt, accounting for a 51% share of total imports. Moreover, propylene glycol imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.5% per year) and South Korea (-7.5% per year).

In value terms, China ($X) constituted the largest supplier of propylene glycol (propane-1,2-diol) to Egypt, comprising 51% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports. It was followed by South Korea, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.5% per year) and South Korea (+2.2% per year).

Import Prices by Country

The average propylene glycol import price stood at $X per ton in 2022, picking up by 36% against the previous year. Overall, the import price showed prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 62% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Saudi Arabia ($X per ton) and the Netherlands ($X per ton), while the price for Singapore ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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