Egypt: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Egypt

The Egyptian metal-reinforced rubber hose market declined modestly to $X in 2022, falling by -2.3% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Production in Egypt

In value terms, metal-reinforced rubber hose production dropped to $X in 2022 estimated in export price. In general, production showed a perceptible contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by 45%. Metal-reinforced rubber hose production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Exports

Exports from Egypt

In 2022, overseas shipments of rubber hose reinforced with metal were finally on the rise to reach X kg after two years of decline. Over the period under review, exports, however, faced a sharp curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 420% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, metal-reinforced rubber hose exports rose modestly to $X in 2022. Overall, exports, however, recorded a sharp decrease. The pace of growth appeared the most rapid in 2018 with an increase of 367% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X kg) was the main destination for metal-reinforced rubber hose exports from Egypt, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Norway was relatively modest.

From 2012 to 2022, the average annual growth rate of value to Norway was relatively modest.

Export Prices by Country

The average metal-reinforced rubber hose export price stood at $X per ton in 2022, falling by -52.5% against the previous year. In general, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 an increase of 151% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Morocco amounted to +35.8% per year.

Metal-Reinforced Rubber Hose Imports

Imports into Egypt

In 2022, overseas purchases of rubber hose reinforced with metal increased by 21% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 74% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, metal-reinforced rubber hose imports soared to $X in 2022. Overall, total imports indicated buoyant growth 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. The growth pace was the most rapid in 2013 when imports increased by 75% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal-reinforced rubber hose supplier to Egypt, accounting for a 52% share of total imports. Moreover, metal-reinforced rubber hose imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.3% per year) and Poland (+14.5% per year).

In value terms, China ($X) constituted the largest supplier of rubber hose reinforced with metal to Egypt, comprising 39% of total imports. The second position in the ranking was held by Poland ($X), with a 14% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+17.3% per year) and Italy (-5.7% per year).

Import Prices by Country

The average metal-reinforced rubber hose import price stood at $X per ton in 2022, falling by -3.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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