Egypt: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Egypt

In 2021, the Egyptian ethylene polymer rigid pipes market decreased by -17% to $X for the first time since 2018, thus ending a two-year rising trend. In general, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.5% against 2018 indices. As a result, consumption attained the peak level of $X, and then dropped dramatically in the following year.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Egypt

In value terms, ethylene polymer rigid pipes production declined markedly to $X in 2021 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +76.0% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 73% against the previous year. As a result, production attained the peak level of $X, and then reduced markedly in the following year.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Egypt

In 2021, shipments abroad of rigid tubes, pipes and hoses of polymers of ethylene decreased by -30.3% to X tons, falling for the fourth consecutive year after three years of growth. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 40%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ethylene polymer rigid pipes exports dropped to $X in 2021. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 55% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Libya (X tons) was the main destination for ethylene polymer rigid pipes exports from Egypt, accounting for a 56% share of total exports. Moreover, ethylene polymer rigid pipes exports to Libya exceeded the volume sent to the second major destination, Morocco (X tons), fivefold. The third position in this ranking was taken by Sudan (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Libya amounted to -10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+16.0% per year) and Sudan (-24.1% per year).

In value terms, Libya ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Egypt, comprising 57% of total exports. The second position in the ranking was taken by Morocco ($X), with an 11% share of total exports. It was followed by Sudan, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Libya totaled -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+16.3% per year) and Sudan (-18.4% per year).

Export Prices by Country

In 2021, the average ethylene polymer rigid pipes export price amounted to $X per ton, jumping by 40% against the previous year. In general, the export price posted resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 75%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Saudi Arabia (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Egypt

After two years of decline, supplies from abroad of rigid tubes, pipes and hoses of polymers of ethylene increased by 535% to X tons in 2021. Overall, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ethylene polymer rigid pipes imports soared to $X in 2021. Over the period under review, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of ethylene polymer rigid pipes to Egypt, accounting for a 68% share of total imports. Moreover, ethylene polymer rigid pipes imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Oman (X tons), fivefold. The third position in this ranking was taken by Italy (X tons), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +171.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+167.9% per year) and Italy (-9.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of ethylene to Egypt, comprising 56% of total imports. The second position in the ranking was taken by Oman ($X), with a 21% share of total imports. It was followed by Italy, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +136.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+179.4% per year) and Italy (-7.0% per year).

Import Prices by Country

The average ethylene polymer rigid pipes import price stood at $X per ton in 2021, growing by 8.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 69%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Oman ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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