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

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

The Egyptian market for rigid tubes, pipes and hoses of polymers of vinyl chloride rose significantly to $X in 2022, increasing by 5.6% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.1% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Egypt

In value terms, vinyl chloride polymer rigid pipes production rose rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 44% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Egypt

In 2022, vinyl chloride polymer rigid pipes exports from Egypt surged to X tons, rising by 31% compared with the year before. In general, exports continue to indicate modest growth. The pace of growth was the most pronounced in 2017 when exports increased by 286% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes exports surged to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 257%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Iraq (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Egypt, with a 63% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to Iraq exceeded the volume sent to the second major destination, Libya (X tons), twofold. Saudi Arabia (X tons) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq amounted to -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+30.4% per year) and Saudi Arabia (+122.3% per year).

In value terms, Iraq ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Egypt, comprising 63% of total exports. The second position in the ranking was held by Libya ($X), with a 26% share of total exports. It was followed by Saudi Arabia, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to Iraq stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+32.1% per year) and Saudi Arabia (+125.2% per year).

Export Prices by Country

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, increasing by 15% against the previous year. Overall, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 38% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per ton) and Libya ($X per ton), while the average price for exports to Sudan ($X per ton) and Yemen ($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 Iraq (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Egypt

Vinyl chloride polymer rigid pipes imports into Egypt expanded modestly to X tons in 2022, rising by 1.8% on the previous year. Overall, imports recorded a temperate increase. The growth pace was the most rapid in 2018 when imports increased by 350%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes imports soared to $X in 2022. Over the period under review, imports continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 378% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of vinyl chloride polymer rigid pipes to Egypt, accounting for a 69% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from India exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sixfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +325.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+50.6% per year) and the United Arab Emirates (-21.5% per year).

In value terms, India ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Egypt, comprising 68% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +312.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+62.8% per year) and the United Arab Emirates (-16.7% per year).

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, surging by 22% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 56%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per ton) and India ($X per ton), while the price for Italy ($X per ton) and Turkey ($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 (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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