Egypt: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Egypt

After six years of growth, the Egyptian propylene polymer rigid pipes market decreased by -2.9% to $X in 2022. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Propylene polymer rigid pipes consumption peaked at $X in 2021, and then declined in the following year.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Egypt

In value terms, propylene polymer rigid pipes production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, posted prominent growth. The growth pace was the most rapid in 2014 when the production volume increased by 32%. Propylene polymer rigid pipes production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Egypt

In 2022, shipments abroad of rigid tubes, pipes and hoses of polymers of propylene decreased by -42.5% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 336%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, propylene polymer rigid pipes exports shrank sharply to $X in 2022. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 329% against the previous year. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

Iraq (X tons), Saudi Arabia (X tons) and Turkey (X tons) were the main destinations of propylene polymer rigid pipes exports from Egypt, together accounting for 75% of total exports. Yemen, Libya, Bahrain and Croatia lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +63.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for propylene polymer rigid pipes exported from Egypt were Iraq ($X), Saudi Arabia ($X) and Turkey ($X), with a combined 75% share of total exports. Yemen, Libya, Bahrain and Croatia lagged somewhat behind, together comprising a further 18%.

Among the main countries of destination, Croatia, with a CAGR of +101.9%, 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 propylene polymer rigid pipes export price stood at $X per ton in 2022, increasing by 5.7% against the previous year. In general, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 55%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Iraq ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Croatia ($X per ton) and Yemen ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Egypt

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of propylene were imported into Egypt; shrinking by -62.4% against 2021 figures. Overall, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2013 when imports increased by 98% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, propylene polymer rigid pipes imports fell dramatically to $X in 2022. In general, imports continue to indicate a perceptible slump. The growth pace was the most rapid in 2014 with an increase of 61% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of propylene polymer rigid pipes to Egypt, with a 70% share of total imports. Moreover, propylene polymer rigid pipes imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by Saudi Arabia (X tons), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to +42.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.5% per year) and Saudi Arabia (+15.9% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of propylene to Egypt, comprising 70% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Saudi Arabia, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +53.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.7% per year) and Saudi Arabia (+28.4% per year).

Import Prices by Country

In 2022, the average propylene polymer rigid pipes import price amounted to $X per ton, jumping by 18% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propylene polymer rigid pipes import price increased by +31.1% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton), while the price for China ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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