Egypt: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Egypt

In 2021, the Egyptian market for ribbed or other deformed wire rod of non-alloy steel decreased by -5.7% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Deformed non-alloy steel wire rod consumption peaked at $X in 2020, and then shrank in the following year.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Egypt

In value terms, deformed non-alloy steel wire rod production dropped to $X in 2021 estimated in export price. In general, production showed a noticeable downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from Egypt

In 2021, approx. X tons of ribbed or other deformed wire rod of non-alloy steel were exported from Egypt; falling by -76.8% on the previous year. In general, exports showed a sharp setback. The pace of growth appeared the most rapid in 2020 when exports increased by 529% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod exports reduced dramatically to $X in 2021. Over the period under review, exports recorded a significant decline. The growth pace was the most rapid in 2020 with an increase of 622% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), Guinea (X tons) and Lebanon (X tons) were the main destinations of deformed non-alloy steel wire rod exports from Egypt, with a combined 77% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guinea (with a CAGR of +0.5%), while the other leaders experienced a decline.

In value terms, Guinea ($X), Saudi Arabia ($X) and Lebanon ($X) were the largest markets for deformed non-alloy steel wire rod exported from Egypt worldwide, with a combined 76% share of total exports.

Guinea, with a CAGR of +1.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, jumping by 55% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Saudi Arabia ($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 Lebanon (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into Egypt

In 2021, purchases abroad of ribbed or other deformed wire rod of non-alloy steel decreased by -49.1% to X tons, falling for the fourth consecutive year after four years of growth. Over the period under review, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 3,117% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod imports declined markedly to $X in 2021. In general, imports, however, enjoyed a tangible expansion. The pace of growth was the most pronounced in 2017 with an increase of 2,781% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Saudi Arabia (X tons) was the main supplier of deformed non-alloy steel wire rod to Egypt, with a 97% share of total imports. It was followed by Turkey (X tons), with a 2.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia stood at +17.2%.

In value terms, Saudi Arabia ($X) constituted the largest supplier of ribbed or other deformed wire rod of non-alloy steel to Egypt, comprising 96% of total imports. The second position in the ranking was taken by Turkey ($X), with a 2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Saudi Arabia stood at +14.0%.

Import Prices by Country

In 2021, the average import price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, standing approx. at the previous year. In general, the import price, however, saw a pronounced contraction. The growth pace was the most rapid in 2016 an increase of 11% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Turkey amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-2.6%).

Source: IndexBox Platform

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