Egypt - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Non-Alloy Steel Wire Rod in Egypt - 2023
Contents:
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Egypt (FOB) - 2023
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Egypt (CIF) - 2022
- Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Egypt
- Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Egypt
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Egypt (FOB) - 2023
In June 2023, the average export price for hot-rolled non-alloy steel wire rods amounted to $803 per ton, waning by -22.3% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 30% month-to-month. Over the period under review, the average export prices reached the maximum at $1,137 per ton in March 2023; however, from April 2023 to June 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In June 2023, the highest price was recorded for prices to Turkey ($815 per ton) and Bulgaria ($797 per ton), while the average price for exports to Palestine ($780 per ton) and Tunisia ($797 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Egypt (CIF) - 2022
The average import price for hot-rolled non-alloy steel wire rods stood at $985 per ton in 2022, surging by 24% against the previous year. In general, the import price, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 an increase of 44%. The import price peaked at $1,302 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($993 per ton), while the price for Ukraine ($289 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.7%), while the prices for the other major suppliers experienced a decline.
Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Egypt
Hot-rolled non-alloy steel wire rod exports from Egypt declined significantly to 238K tons in 2022, with a decrease of -28.8% against the previous year's figure. In general, exports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, the exports reached the peak of 335K tons, and then reduced sharply in the following year.
In value terms, hot-rolled non-alloy steel wire rod exports contracted to $257M in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 91% against the previous year. As a result, the exports reached the peak of $285M, and then reduced in the following year.
| Export of Hot-Rolled Non-Alloy Steel Wire Rod in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 44.2 | 57.4 | 59.8 | 78.9 | 21.3% |
| Palestine | 1.5 | 3.2 | 6.0 | 34.3 | 183.8% |
| United States | 9.7 | 4.0 | 20.3 | 31.6 | 48.2% |
| Romania | N/A | 5.1 | 4.4 | 16.5 | 79.9% |
| Spain | 2.5 | 5.7 | 23.6 | 15.3 | 82.9% |
| Belgium | N/A | N/A | 4.7 | 11.3 | 140.4% |
| Netherlands | N/A | 13.4 | N/A | 10.4 | -11.9% |
| Cyprus | N/A | N/A | N/A | 8.7 | 0% |
| Italy | 3.5 | 4.4 | 11.1 | 8.5 | 34.4% |
| Bulgaria | N/A | N/A | 6.9 | 8.2 | 18.8% |
| United Kingdom | N/A | N/A | N/A | 7.7 | 0% |
| Jordan | 17.3 | 20.6 | 15.5 | 6.8 | -26.7% |
| Sudan | 0.4 | 0.9 | 5.4 | 3.9 | 113.6% |
| Others | 45.1 | 34.3 | 127 | 14.6 | -31.3% |
| Total | 124 | 149 | 285 | 257 | 27.5% |
Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from Egypt in 2022:
- Saudi Arabia (73.2K tons)
- Palestine (33.5K tons)
- United States (28.7K tons)
- Romania (16.7K tons)
- Spain (13.0K tons)
- Belgium (10.9K tons)
- Netherlands (10.4K tons)
- Italy (7.6K tons)
- Cyprus (7.5K tons)
- Bulgaria (7.0K tons)
- United Kingdom (6.6K tons)
- Jordan (6.5K tons)
- Sudan (3.8K tons)
Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Egypt
In 2022, supplies from abroad of hot-rolled non-alloy steel wire rods decreased by -24.9% to 36K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 58%. As a result, imports attained the peak of 122K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, hot-rolled non-alloy steel wire rod imports declined to $35M in 2022. Overall, imports saw a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 27% against the previous year. As a result, imports reached the peak of $67M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Hot-Rolled Non-Alloy Steel Wire Rod in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 19.7 | 24.9 | 5.8 | 11.4 | -16.7% |
| China | 0.1 | 0.3 | 2.6 | 9.5 | 356.3% |
| Spain | 0.1 | 12.3 | 15.2 | 6.8 | 308.2% |
| Turkey | 23.5 | 24.4 | 2.7 | 6.4 | -35.2% |
| India | N/A | N/A | 4.4 | 1.3 | -70.5% |
| Saudi Arabia | 7.5 | 3.8 | 2.0 | N/A | -48.4% |
| Others | 2.5 | 1.9 | 5.5 | 0.1 | -65.8% |
| Total | 53.3 | 67.5 | 38.1 | 35.4 | -12.8% |
Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to Egypt in 2022:
- Russia (11.5K tons)
- China (9.6K tons)
- Spain (6.8K tons)
- Turkey (6.5K tons)
- India (1.3K tons)
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod in Egypt. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
Country coverage:
- Egypt
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Egypt
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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