Egypt: Silicates Market 2024

Silicates Market Size in Egypt

In 2021, the Egyptian silicates market decreased by -16.3% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption saw a perceptible curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silicates Production in Egypt

In value terms, silicates production dropped to $X in 2021 estimated in export price. Overall, production, however, saw a mild setback. The growth pace was the most rapid in 2017 with an increase of 19% against the previous year. Silicates production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Silicates Exports

Exports from Egypt

In 2021, after two years of decline, there was significant growth in overseas shipments of silicates, commercial alkali metal silicates, when their volume increased by 95% to X tons. Overall, exports enjoyed buoyant growth. The growth pace was the most rapid in 2017 when exports increased by 104% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, silicates exports soared to $X in 2021. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 78% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Syrian Arab Republic (X tons), Angola (X tons) and Senegal (X tons) were the main destinations of silicates exports from Egypt, with a combined 33% share of total exports. Nigeria, Yemen, Morocco, Ghana, Romania, Guatemala, Cote d'Ivoire, Italy, the Dominican Republic and Germany lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +131.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silicates exported from Egypt were Syrian Arab Republic ($X), Angola ($X) and Senegal ($X), with a combined 33% share of total exports. These countries were followed by Nigeria, Yemen, Morocco, Ghana, Romania, Guatemala, Cote d'Ivoire, Italy, the Dominican Republic and Germany, which together accounted for a further 41%.

Nigeria, with a CAGR of +167.3%, saw the highest rates of growth with regard to the value of exports, among 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

The average silicates export price stood at $X per ton in 2021, declining by -10% against the previous year. In general, the export price continues to indicate a slight reduction. The growth pace was the most rapid in 2020 an increase of 54%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Senegal ($X per ton) and Ghana ($X per ton), while the average price for exports to Italy ($X per ton) and Cote d'Ivoire ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Silicates Imports

Imports into Egypt

In 2021, approx. X tons of silicates, commercial alkali metal silicates were imported into Egypt; which is down by -39.7% against 2020 figures. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 59% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, silicates imports reduced remarkably to $X in 2021. Overall, imports recorded a pronounced descent. The growth pace was the most rapid in 2018 with an increase of 181% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main silicates supplier to Egypt, with a 128% share of total imports. Moreover, silicates imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold. The United States (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-15.5% per year) and the United States (+13.0% per year).

In value terms, the United States ($X), China ($X) and Turkey ($X) appeared to be the largest silicates suppliers to Egypt, with a combined 69% share of total imports.

The United States, with a CAGR of +20.0%, saw the highest rates of growth with regard to the value of imports, among 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 silicates import price stood at $X per ton in 2021, picking up by 24% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average import price increased by 77% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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