Egypt: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Egypt

The Egyptian reaction initiators and accelerators market was estimated at $X in 2022, rising by 2.3% against the previous year. Over the period under review, consumption saw a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Egypt

In value terms, reaction initiators and accelerators production rose modestly to $X in 2022 estimated in export price. Overall, production showed a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 61%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Egypt

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations was finally on the rise to reach X tons after two years of decline. Overall, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 749%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators exports soared to $X in 2022. In general, exports saw buoyant growth. The pace of growth was the most pronounced in 2020 when exports increased by 2,438%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for reaction initiators and accelerators exports from Egypt, with a 63% share of total exports. Moreover, reaction initiators and accelerators exports to the United Arab Emirates exceeded the volume sent to the second major destination, Libya (X tons), sixfold. Jordan (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +50.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (-12.0% per year) and Jordan (+497.0% per year).

In value terms, the largest markets for reaction initiators and accelerators exported from Egypt were Jordan ($X), the United Arab Emirates ($X) and Libya ($X), with a combined 68% share of total exports. Germany, India, Saudi Arabia and Oman lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, Saudi Arabia, with a CAGR of +599.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, shrinking by -70.7% against the previous year. In general, the export price, however, showed buoyant growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 8,773% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+4,759.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Egypt

In 2022, approx. X tons of reaction initiators, reaction accelerators and catalytic preparations were imported into Egypt; with a decrease of -8.4% compared with the year before. In general, imports, however, recorded a mild expansion. The pace of growth was the most pronounced in 2018 when imports increased by 124% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, reaction initiators and accelerators imports totaled $X in 2022. Over the period under review, imports, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2018 with an increase of 65% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of reaction initiators and accelerators imports to Egypt, with a combined 66% share of total imports. Germany, Turkey, China, Belgium, Denmark, the United Arab Emirates, France, India and Switzerland lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +43.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest reaction initiators and accelerators suppliers to Egypt were the United States ($X), the UK ($X) and Italy ($X), together accounting for 76% of total imports. Germany, Denmark, India, China, Turkey, France, Belgium, Switzerland and the United Arab Emirates lagged somewhat behind, together accounting for a further 21%.

The United Arab Emirates, with a CAGR of +40.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average reaction initiators and accelerators import price amounted to $X per ton, rising by 14% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reaction initiators and accelerators import price decreased by -13.0% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 78%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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