Egypt: Safety Valve Market 2024

Safety Valve Market Size in Egypt

The Egyptian safety valve market surged to $X in 2021, picking up by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -26.8% against 2016 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Safety Valve Exports

Exports from Egypt

In 2021, overseas shipments of safety or relief valves for pipes, boiler shells, tanks and vats increased by 195% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, saw a deep reduction. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, safety valve exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a drastic downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units), Singapore (X units) and Spain (X units) were the main destinations of safety valve exports from Egypt, with a combined 44% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +57.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safety valve exported from Egypt were the Czech Republic ($X), Singapore ($X) and Spain ($X), with a combined 47% share of total exports.

Singapore, with a CAGR of +40.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 valve export price amounted to $X per unit, with an increase of 28% against the previous year. In general, the export price enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 95% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was India ($X per unit), while the average price for exports to Rwanda ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+40.4%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Valve Imports

Imports into Egypt

In 2021, supplies from abroad of safety or relief valves for pipes, boiler shells, tanks and vats decreased by -2.1% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, imports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 151% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, safety valve imports surged to $X in 2021. Overall, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -20.1% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 89%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest safety valve supplier to Egypt, with a 67% share of total imports. Moreover, safety valve imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sevenfold. Turkey (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.5% per year) and Turkey (+20.4% per year).

In value terms, the largest safety valve suppliers to Egypt were China ($X), Turkey ($X) and Singapore ($X), with a combined 49% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +46.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average safety valve import price stood at $X per unit in 2021, rising by 40% against the previous year. In general, the import price enjoyed strong growth. The growth pace was the most rapid in 2013 an increase of 77%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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