Egypt: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in Egypt

The Egyptian worked flat glass market declined to $X in 2021, which is down by -10.3% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Worked Flat Glass Production in Egypt

In value terms, worked flat glass production declined to $X in 2021 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +24.2% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 53%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Worked Flat Glass Exports

Exports from Egypt

In 2021, overseas shipments of worked flat glass were finally on the rise to reach X tons after two years of decline. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 846% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, worked flat glass exports surged to $X in 2021. Overall, exports recorded a notable expansion. The pace of growth appeared the most rapid in 2016 with an increase of 502%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Kenya (X tons), Palestine (X tons) and Libya (X tons) were the main destinations of worked flat glass exports from Egypt, with a combined 84% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Palestine (with a CAGR of +416.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Palestine ($X) emerged as the key foreign market for worked flat glass exports from Egypt, comprising 56% of total exports. The second position in the ranking was taken by Algeria ($X), with a 10% share of total exports. It was followed by Saudi Arabia, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to Palestine totaled +519.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (-33.4% per year) and Saudi Arabia (-3.0% per year).

Export Prices by Country

In 2021, the average worked flat glass export price amounted to $X per ton, jumping by 70% against the previous year. In general, the export price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 an increase of 156% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Palestine ($X per ton), while the average price for exports to Kenya ($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 Palestine (+19.9%), while the prices for the other major destinations experienced mixed trend patterns.

Worked Flat Glass Imports

Imports into Egypt

In 2021, approx. X tons of worked flat glass were imported into Egypt; which is down by -63% compared with the year before. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 226%. Over the period under review, imports hit record highs at X tons in 2020, and then dropped significantly in the following year.

In value terms, worked flat glass imports dropped sharply to $X in 2021. In general, imports, however, continue to indicate tangible growth. The growth pace was the most rapid in 2014 with an increase of 235% against the previous year. Imports peaked at $X in 2020, and then declined rapidly in the following year.

Imports by Country

Turkey (X tons) and China (X tons) were the main suppliers of worked flat glass imports to Egypt.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +134.1%).

In value terms, China ($X) constituted the largest supplier of worked flat glass to Egypt, comprising 83% of total imports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +52.0%.

Import Prices by Country

The average worked flat glass import price stood at $X per ton in 2021, waning by -20.8% against the previous year. Overall, the import price saw a deep contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 113% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-16.7%).

Source: IndexBox Platform

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