Egypt: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Egypt

The Egyptian silicon dioxide market contracted notably to $X in 2021, which is down by -35.4% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Silicon Dioxide Production in Egypt

In value terms, silicon dioxide production fell notably to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 170% against the previous year. As a result, production attained the peak level of $X, and then contracted dramatically in the following year.

Silicon Dioxide Exports

Exports from Egypt

For the fifth consecutive year, Egypt recorded growth in overseas shipments of silicon dioxide, which increased by 10% to X tons in 2021. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 131% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, silicon dioxide exports soared to $X in 2021. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 117%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Japan (X tons) was the main destination for silicon dioxide exports from Egypt, accounting for a 10% share of total exports. Moreover, silicon dioxide exports to Japan exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The third position in this ranking was taken by India (X tons), with a 0.6% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled +48.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+17.9% per year) and India (+12.7% per year).

In value terms, Japan ($X) remains the key foreign market for silicon dioxide exports from Egypt, comprising 50% of total exports. The second position in the ranking was taken by Germany ($X), with a 10% share of total exports. It was followed by India, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to +44.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.8% per year) and India (+6.0% per year).

Export Prices by Country

In 2021, the average silicon dioxide export price amounted to $X per ton, growing by 10% against the previous year. Overall, the export price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Japan ($X per ton) and Germany ($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 (+33.7%), while the prices for the other major destinations experienced a decline.

Silicon Dioxide Imports

Imports into Egypt

In 2021, overseas purchases of silicon dioxide decreased by -23.1% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 163%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, silicon dioxide imports skyrocketed to $X in 2021. Overall, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% 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 -10.6% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 39% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), Norway (X tons) and Iceland (X tons) were the main suppliers of silicon dioxide imports to Egypt, together comprising 83% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iceland (with a CAGR of +152.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon dioxide suppliers to Egypt were Iceland ($X), India ($X) and China ($X), with a combined 53% share of total imports.

Iceland, with a CAGR of +323.8%, recorded 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 silicon dioxide import price stood at $X per ton in 2021, growing by 76% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 311%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Iceland ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+68.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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