Egypt: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Egypt

In 2021, the Egyptian reclaimed rubber market decreased by -6.2% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Reclaimed Rubber Production in Egypt

In value terms, reclaimed rubber production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by 32% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Reclaimed Rubber Exports

Exports from Egypt

In 2021, shipments abroad of reclaimed rubber was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, reclaimed rubber exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for reclaimed rubber exports from Egypt, accounting for a 58% share of total exports. Moreover, reclaimed rubber exports to Turkey exceeded the volume sent to the second major destination, South Africa (X tons), fourfold. Kenya (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey stood at +45.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+3,637.2% per year) and Kenya (+382.7% per year).

In value terms, Turkey ($X) remains the key foreign market for reclaimed rubber exports from Egypt, comprising 59% of total exports. The second position in the ranking was taken by South Africa ($X), with a 16% share of total exports. It was followed by Kenya, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey amounted to +41.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+5,466.2% per year) and Kenya (+396.6% per year).

Export Prices by Country

The average reclaimed rubber export price stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 185%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, 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 Cote d'Ivoire ($X per ton), while the average price for exports to the United Arab Emirates ($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 Democratic Republic of the Congo (+64.1%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into Egypt

Reclaimed rubber imports into Egypt skyrocketed to X tons in 2021, picking up by 194% compared with the year before. In general, imports posted perceptible growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,113% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, reclaimed rubber imports soared to $X in 2021. Overall, imports recorded a noticeable expansion. The growth pace was the most rapid in 2015 when imports increased by 942%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons) and the United Arab Emirates (X tons) were the main suppliers of reclaimed rubber imports to Egypt.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +72.4%).

In value terms, China ($X) and the United Arab Emirates ($X) constituted the largest reclaimed rubber suppliers to Egypt.

The United Arab Emirates, with a CAGR of +50.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average reclaimed rubber import price stood at $X per ton in 2021, growing by 6.2% against the previous year. Over the period under review, the import price, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2013 when the average import price increased by 18% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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