Egypt: Safety Glass Market 2024

Safety Glass Market Size in Egypt

The Egyptian safety glass market rose modestly to $X in 2022, surging by 3.8% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Safety Glass Production in Egypt

In value terms, safety glass production reached $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 5.8%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Safety Glass Exports

Exports from Egypt

In 2022, safety glass exports from Egypt shrank rapidly to X square meters, dropping by -57.9% against 2021. In general, exports showed a pronounced curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 682%. As a result, the exports attained the peak of X square meters. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, safety glass exports fell remarkably to $X in 2022. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Jordan (X square meters), Saudi Arabia (X square meters) and Lebanon (X square meters) were the main destinations of safety glass exports from Egypt, with a combined 18% share of total exports. Canada, Libya, Morocco, Sudan, Italy, the United Arab Emirates, Palestine, the United States, Kenya and Tunisia lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +203.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safety glass exported from Egypt were Libya ($X), Jordan ($X) and Tunisia ($X), together accounting for 35% of total exports. These countries were followed by Palestine, Sudan, Morocco, Saudi Arabia, Canada, Lebanon, the United States, Kenya, Italy and the United Arab Emirates, which together accounted for a further 38%.

In terms of the main countries of destination, Canada, with a CAGR of +160.5%, saw the highest rates of growth with regard to 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

In 2021, the average safety glass export price amounted to $X per square meter, rising by 35% against the previous year. In general, the export price, however, showed a abrupt contraction. The growth pace was the most rapid in 2015 when the average export price increased by 175% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tunisia ($X per square meter), while the average price for exports to the United Arab Emirates ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Egypt

In 2022, approx. X square meters of safety glass were imported into Egypt; growing by 198% compared with 2021. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 256% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, safety glass imports surged to $X in 2022. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 450% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X square meters) constituted the largest safety glass supplier to Egypt, accounting for a 27% share of total imports. Moreover, safety glass imports from China exceeded the figures recorded by the second-largest supplier, Bulgaria (X square meters), twofold. Taiwan (Chinese) (X square meters) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+23.8% per year) and Taiwan (Chinese) (+175.1% per year).

In value terms, China ($X), Japan ($X) and the United Arab Emirates ($X) were the largest safety glass suppliers to Egypt, together accounting for 51% of total imports. These countries were followed by Germany, Bulgaria, Italy, Taiwan (Chinese), the United States, the UK, Jordan and Saudi Arabia, which together accounted for a further 29%.

Taiwan (Chinese), with a CAGR of +164.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average safety glass import price stood at $X per square meter in 2021, rising by 37% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2013 an increase of 246%. As a result, import price reached the peak level of $X per square meter. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per square meter), while the price for Bulgaria ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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