Egypt: Silicone Market 2024

Silicone Market Size in Egypt

The Egyptian silicone market shrank to $X in 2021, dropping by -9% against the previous year. In general, consumption recorded a mild slump. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Silicone Production in Egypt

In value terms, silicone production rose sharply to $X in 2021 estimated in export price. In general, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 7.4% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Silicone Exports

Exports from Egypt

In 2021, approx. X tons of silicones (in primary forms) were exported from Egypt; increasing by 4,384% on the previous year's figure. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicone exports surged to $X in 2021. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons), Namibia (X tons) and the UK (X tons) were the main destinations of silicone exports from Egypt, with a combined 87% share of total exports. These countries were followed by Slovenia, Morocco and Sudan, which together accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +37.1%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Namibia ($X) and the UK ($X) constituted the largest markets for silicone exported from Egypt worldwide, together comprising 87% of total exports.

The UK, with a CAGR of +72.8%, saw the highest growth rate of 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

In 2021, the average silicone export price amounted to $X per ton, surging by 95% against the previous year. In general, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of 688%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Sudan ($X per ton) and Slovenia ($X per ton), while the average price for exports to the UK ($X per ton) and Morocco ($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 Libya (+70.3%), while the prices for the other major destinations experienced more modest paces of growth.

Silicone Imports

Imports into Egypt

In 2021, purchases abroad of silicones (in primary forms) decreased by -2.9% to X tons, falling for the second year in a row after four years of growth. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 16% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, silicone imports soared to $X in 2021. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 -7.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 44%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of silicone imports to Egypt, together accounting for 55% of total imports. Turkey, India, the United States, the UK, the United Arab Emirates, Italy, Saudi Arabia, Japan, Israel and France lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +144.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Belgium ($X) constituted the largest silicone suppliers to Egypt, with a combined 56% share of total imports. These countries were followed by Turkey, India, the United States, the UK, Italy, the United Arab Emirates, Japan, Israel, Saudi Arabia and France, which together accounted for a further 31%.

Japan, with a CAGR of +165.3%, recorded the highest growth rate of 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 silicone import price stood at $X per ton in 2021, rising by 20% against the previous year. Overall, the import price saw a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of 86% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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