Egypt: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Egypt

The Egyptian market for unsaturated polyesters in primary forms expanded markedly to $X in 2021, increasing by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -33.8% against 2019 indices. Unsaturated polyesters in primary forms consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Egypt

Unsaturated polyesters in primary forms exports from Egypt soared to X tons in 2021, increasing by 28% against 2020. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of 370%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, unsaturated polyesters in primary forms exports soared to $X in 2021. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 463%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Costa Rica (X tons), the Dominican Republic (X tons) and Sudan (X tons) were the main destinations of unsaturated polyesters in primary forms exports from Egypt, together accounting for 49% of total exports. These countries were followed by Kenya, Ecuador, Yemen, Greece, Saudi Arabia, El Salvador, Serbia, Libya and Rwanda, which together accounted for a further 46%.

From 2012 to 2021, the biggest increases were recorded for Yemen (with a CAGR of +148.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), the Dominican Republic ($X) and Sudan ($X) appeared to be the largest markets for unsaturated polyesters in primary forms exported from Egypt worldwide, together comprising 49% of total exports. These countries were followed by Kenya, Ecuador, Yemen, Greece, Saudi Arabia, El Salvador, Serbia, Libya and Rwanda, which together accounted for a further 46%.

In terms of the main countries of destination, Yemen, with a CAGR of +200.7%, saw the highest rates of growth with regard to 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 export price for unsaturated polyesters in primary forms stood at $X per ton in 2021, rising by 21% against the previous year. In general, the export price recorded a noticeable increase. The most prominent rate of growth was recorded in 2020 an increase of 73% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Rwanda ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to El Salvador ($X per ton) and Costa Rica ($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 Costa Rica (+49.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Egypt

In 2021, unsaturated polyesters in primary forms imports into Egypt expanded sharply to X tons, with an increase of 7.1% compared with the previous year's figure. Over the period under review, total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.5% 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 -38.0% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 54%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, unsaturated polyesters in primary forms imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of unsaturated polyesters in primary forms imports to Egypt, together comprising 72% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +32.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Turkey ($X) and Italy ($X) were the largest unsaturated polyesters in primary forms suppliers to Egypt, together comprising 74% of total imports.

Among the main suppliers, Turkey, with a CAGR of +33.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, with an increase of 33% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 49% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and Saudi Arabia ($X per ton), while the price for the United Arab Emirates ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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