Egypt: Steatite Market 2021

Steatite Market Size in Egypt

In 2019, the Egyptian steatite market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Steatite consumption peaked in 2019 and is likely to see gradual growth in the immediate term.

Steatite Production in Egypt

In value terms, steatite production rose slightly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 when the production volume increased by X% y-o-y. Steatite production peaked in 2019 and is likely to see gradual growth in the immediate term.

Steatite Exports

Exports from Egypt

In 2019, shipments abroad of steatites decreased by -X% to X tons, falling for the second consecutive year after two years of growth. In general, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. As a result, exports reached the peak of X tons. From 2013 to 2019, the growth exports remained at a lower figure.

In value terms, steatite exports declined notably to $X in 2019. Overall, exports saw a perceptible decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for steatite exports from Egypt, accounting for a X% share of total exports. Moreover, steatite exports to Turkey exceeded the volume sent to the second major destination, Spain (X tons), threefold. Tunisia (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Turkey stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-X% per year) and Tunisia (+X% per year).

In value terms, Turkey ($X), the U.S. ($X) and Spain ($X) constituted the largest markets for steatite exported from Egypt worldwide, together comprising X% of total exports. Tunisia, Italy, Iraq, the Czech Republic, Uganda, Saudi Arabia, Jordan, Algeria, Lebanon and Greece lagged somewhat behind, together accounting for a further X the main countries of destination, Uganda (+X% per year) saw the highest growth rate of 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

The average steatite export price stood at $X per ton in 2019, rising by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2009 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per ton. From 2010 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was the U.S. ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Jordan, while the prices for the other major destinations experienced more modest paces of growth.

Steatite Imports

Imports into Egypt

In 2019, supplies from abroad of steatites was finally on the rise to reach X tons after two years of decline. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to see steady growth in the near future.

In value terms, steatite imports surged to $X in 2019. In general, imports recorded a prominent increase. The pace of growth was the most pronounced in 2009 when imports increased by X% year-to-year. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, Italy (X tons) constituted the largest supplier of steatite to Egypt, accounting for a X% share of total imports. Moreover, steatite imports from Italy exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. France (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and France (+X% per year).

In value terms, the largest steatite suppliers to Egypt were Italy ($X), India ($X) and France ($X), together accounting for X% of total imports. These countries were followed by Spain and China, which together accounted for a further X 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

In 2019, the average steatite import price amounted to $X per ton, rising by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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