Egypt: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Egypt

The Egyptian unvulcanised rubber market contracted notably to $X in 2021, reducing by -22.6% 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). Over the period under review, consumption, however, saw a perceptible expansion. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Unvulcanised Rubber Exports

Exports from Egypt

In 2021, unvulcanised rubber exports from Egypt shrank significantly to X kg, which is down by -77.9% on the year before. Over the period under review, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2015 when exports increased by 522% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, unvulcanised rubber exports contracted significantly to $X in 2021. In general, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 769%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Morocco (X kg) was the main destination for unvulcanised rubber exports from Egypt, accounting for a 90% share of total exports. Moreover, unvulcanised rubber exports to Morocco exceeded the volume sent to the second major destination, Turkey (X kg), more than tenfold. The Czech Republic (X kg) ranked third in terms of total exports with a 1.3% share.

From 2012 to 2021, the average annual growth rate of volume to Morocco stood at -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-48.7% per year) and the Czech Republic (-47.4% per year).

In value terms, Morocco ($X) remains the key foreign market for unvulcanised rubber exports from Egypt, comprising 95% of total exports. The second position in the ranking was taken by Turkey ($X), with a 2.5% share of total exports. It was followed by the Czech Republic, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value to Morocco stood at -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-40.7% per year) and the Czech Republic (-45.1% per year).

Export Prices by Country

In 2021, the average unvulcanised rubber export price amounted to $X per ton, surging by 85% against the previous year. Overall, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 101%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($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 Libya (+308.2%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanised Rubber Imports

Imports into Egypt

In 2021, supplies from abroad of unvulcanised rubber decreased by -25.3% to X tons, falling for the third consecutive year after two years of growth. Overall, imports, however, enjoyed temperate growth. The pace of growth appeared the most rapid in 2013 with an increase of 103%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, unvulcanised rubber imports dropped significantly to $X in 2021. Over the period under review, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.7% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 86% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest unvulcanised rubber supplier to Egypt, accounting for a 34% share of total imports. Moreover, unvulcanised rubber imports from Germany exceeded the figures recorded by the second-largest supplier, Cote d'Ivoire (X tons), threefold. The third position in this ranking was held by Ireland (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+701.1% per year) and Ireland (+7.9% per year).

In value terms, Germany ($X) constituted the largest supplier of unvulcanised rubber to Egypt, comprising 35% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an 11% share of total imports. It was followed by Ireland, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+741.4% per year) and Ireland (+1.7% per year).

Import Prices by Country

In 2021, the average unvulcanised rubber import price amounted to $X per ton, with an increase of 5.6% against the previous year. Over the period under review, 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 32%. The import price peaked in 2021 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Cote d'Ivoire ($X per ton), while the price for Ireland ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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