Egypt: Market for Wire Rod Of Free-Cutting Steel 2025

Market Size for Wire Rod Of Free-Cutting Steel in Egypt

The Egyptian free-cutting steel wire rod market fell to $X in 2022, waning by X% against the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Free-cutting steel wire rod consumption peaked at $X in 2021, and then shrank modestly in the following year.

Production of Wire Rod Of Free-Cutting Steel in Egypt

In value terms, free-cutting steel wire rod production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Free-cutting steel wire rod production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Wire Rod Of Free-Cutting Steel

Exports from Egypt

In 2022, approx. X tons of wire rod of free-cutting steel were exported from Egypt; with an increase of X% against 2021. Over the period under review, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, free-cutting steel wire rod exports soared to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for free-cutting steel wire rod exports from Egypt, with a X% share of total exports. Moreover, free-cutting steel wire rod exports to Saudi Arabia exceeded the volume sent to the second major destination, Jordan (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Spain (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for wire rod of free-cutting steel exports from Egypt, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Jordan (X% per year).

Export Prices by Country

In 2022, the average free-cutting steel wire rod export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price saw buoyant growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%).

Imports of Wire Rod Of Free-Cutting Steel

Imports into Egypt

In 2022, free-cutting steel wire rod imports into Egypt contracted to X tons, with a decrease of X% on the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, free-cutting steel wire rod imports shrank notably to $X in 2022. Overall, imports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ukraine (X tons), India (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of free-cutting steel wire rod imports to Egypt, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) constituted the largest supplier of wire rod of free-cutting steel to Egypt, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value from Ukraine stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average free-cutting steel wire rod import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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