Egypt: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Egypt

In 2021, the Egyptian market for railway or tramway track construction material of iron or steel increased by 162% to $X, rising for the third year in a row after four years of decline. Overall, consumption saw significant growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from Egypt

In 2020, overseas shipments of railway or tramway track construction material of iron or steel decreased by -75% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 813%. Over the period under review, the exports of attained the maximum at X tons in 2013; however, from 2014 to 2020, the exports stood at a somewhat lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel contracted dramatically to $X in 2020. Over the period under review, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2018 with an increase of 745%. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of railway or tramway track construction material of iron or steel from Egypt, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +33.8%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for railway or tramway track construction material of iron or steel exports from Egypt.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +28.6%.

Export Prices by Country

The average export price for railway or tramway track construction material of iron or steel stood at less than $X per ton in 2021, falling by 99.9% against the previous year. Overall, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 67%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for Iraq amounted to +40.6% per year.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into Egypt

In 2021, overseas purchases of railway or tramway track construction material of iron or steel increased by 150% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 348% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, imports of railway or tramway track construction material of iron or steel soared to $X in 2021. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) was the main supplier of iron and steel railway construction materials to Egypt, with a 91% share of total imports. Moreover, imports of railway or tramway track construction material of iron or steel from Russia exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. The third position in this ranking was held by France (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +131.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+72.4% per year) and France (+48.4% per year).

In value terms, the largest iron and steel railway construction materials suppliers to Egypt were France ($X), Russia ($X) and Italy ($X), together comprising 67% of total imports. These countries were followed by China, the Czech Republic, Germany, Spain and Austria, which together accounted for a further 30%.

Among the main suppliers, Austria, with a CAGR of +106.6%, recorded 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

In 2021, the average import price for railway or tramway track construction material of iron or steel amounted to $X per ton, picking up by 66% against the previous year. In general, the import price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 719%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Russia ($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 (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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