Egypt: Tyre Cord Fabric Market 2024

Tyre Cord Fabric Market Size in Egypt

The Egyptian tyre cord fabric market expanded slightly to $X in 2021, with an increase of 3.9% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.5% 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 -2.6% against 2019 indices. Tyre cord fabric consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Tyre Cord Fabric Production in Egypt

In value terms, tyre cord fabric production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 16%. Tyre cord fabric production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Tyre Cord Fabric Exports

Exports from Egypt

In 2021, tyre cord fabric exports from Egypt dropped to X tons, with a decrease of -5.9% compared with the previous year's figure. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 68% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, tyre cord fabric exports fell to $X in 2021. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2014 when exports increased by 49%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa (X tons), India (X tons) and Turkey (X tons) were the main destinations of tyre cord fabric exports from Egypt, together accounting for 93% of total exports.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +3.0%), while shipments for the other leaders experienced a decline.

In value terms, India ($X), Turkey ($X) and South Africa ($X) appeared to be the largest markets for tyre cord fabric exported from Egypt worldwide, together accounting for 90% of total exports. Tunisia, the United States, Israel, Kenya and Russia lagged somewhat behind, together comprising a further 8.7%.

In terms of the main countries of destination, Tunisia, with a CAGR of -3.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average tyre cord fabric export price stood at $X per ton in 2021, approximately mirroring the previous year. In general, the export price showed a mild curtailment. The pace of growth was the most pronounced in 2013 when the average export price increased by 6% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tyre Cord Fabric Imports

Imports into Egypt

In 2021, after two years of decline, there was significant growth in overseas purchases of tyre cord fabric of high tenacity yarn, when their volume increased by 38% to X tons. Overall, imports, however, showed a abrupt decrease. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, tyre cord fabric imports contracted modestly to $X in 2021. In general, imports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 23% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Belarus (X tons) and Turkey (X tons) were the main suppliers of tyre cord fabric imports to Egypt, with a combined 99% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +94.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest tyre cord fabric suppliers to Egypt were Belarus ($X), the United States ($X) and Turkey ($X), together accounting for 96% of total imports.

The United States, with a CAGR of +101.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average tyre cord fabric import price amounted to $X per ton, falling by -28.6% against the previous year. In general, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 19%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood 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 China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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