Egypt - Hot-Rolled Wire Rod - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Hot-Rolled Wire Rod in Coils in Egypt - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Egypt (FOB) - 2023
- Price for Hot-Rolled Wire Rod in Coils in Egypt (CIF) - 2023
- Exports of Hot-Rolled Wire Rod in Coils in Egypt
- Imports of Hot-Rolled Wire Rod in Coils in Egypt
Price for Hot-Rolled Wire Rod in Coils in Egypt (FOB) - 2023
In December 2023, the average export price for hot-rolled wire rods in coils amounted to $750 per ton, stabilizing at the previous month. Overall, the export price recorded a noticeable slump. The pace of growth appeared the most rapid in October 2023 an increase of 6.7% m-o-m. Over the period under review, the average export prices attained the maximum at $1,137 per ton in March 2023; however, from April 2023 to December 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In December 2023, the countries with the highest prices were Lebanon ($956 per ton) and Saudi Arabia ($752 per ton), while the average price for exports to Turkey ($711 per ton) and Italy ($733 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Hot-Rolled Wire Rod in Coils in Egypt (CIF) - 2023
The average import price for hot-rolled wire rods in coils stood at $778 per ton in December 2023, picking up by 2.1% against the previous month. In general, the import price, however, saw a perceptible decline. The most prominent rate of growth was recorded in July 2023 an increase of 13% month-to-month. The import price peaked at $999 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was China ($804 per ton), while the price for Turkey ($758 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Hot-Rolled Wire Rod in Coils in Egypt
In 2022, after three years of growth, there was significant decline in overseas shipments of hot-rolled wire rods in coils, when their volume decreased by -26.7% to 238K tons. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 39%. As a result, the exports attained the peak of 324K tons, and then fell markedly in the following year.
In value terms, hot-rolled wire rod in coils exports fell to $256M in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 93% 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 Wire Rod in Coils in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 46.2 | 80.7 | 46.9 | 78.3 | 19.2% |
| Palestine | N/A | N/A | N/A | 34.3 | 0% |
| United States | 10.3 | 3.3 | 98.4 | 31.6 | 45.3% |
| Romania | N/A | 4.2 | 4.4 | 16.5 | 98.2% |
| Spain | N/A | N/A | 17.9 | 15.2 | -15.1% |
| Belgium | N/A | N/A | 3.3 | 11.3 | 242.4% |
| Netherlands | N/A | 10.9 | N/A | 10.4 | -2.3% |
| Cyprus | N/A | N/A | N/A | 8.7 | 0% |
| Italy | N/A | 3.6 | 9.8 | 8.5 | 53.7% |
| Bulgaria | N/A | N/A | 4.9 | 8.2 | 67.3% |
| United Kingdom | N/A | N/A | N/A | 7.7 | 0% |
| Jordan | 18.8 | 18.5 | 13.6 | 6.7 | -29.1% |
| Sudan | 8.6 | 4.8 | 4.8 | 3.9 | -23.2% |
| Others | 39.3 | 21.6 | 80.8 | 14.4 | -28.4% |
| Total | 123 | 148 | 285 | 256 | 27.7% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Egypt in 2022:
- Saudi Arabia (72.7K 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 (6.4K tons)
- Sudan (3.8K tons)
Imports of Hot-Rolled Wire Rod in Coils in Egypt
In 2022, overseas purchases of hot-rolled wire rods in coils decreased by -20.7% to 36K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 92% against the previous year. As a result, imports reached the peak of 121K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, hot-rolled wire rod in coils imports dropped to $35M in 2022. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2020 when imports increased by 44%. As a result, imports reached the peak of $65M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Hot-Rolled Wire Rod in Coils in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 19.7 | 25.0 | 5.8 | 11.4 | -16.7% |
| China | 0.1 | 0.4 | 2.6 | 9.6 | 357.9% |
| Spain | N/A | 12.3 | 15.1 | 6.8 | -25.6% |
| Turkey | 23.3 | 25.8 | 2.8 | 6.4 | -35.0% |
| India | N/A | N/A | 5.1 | 1.3 | -74.5% |
| Others | 1.7 | 1.3 | 4.6 | N/A | 64.5% |
| Total | 45.0 | 64.7 | 36.0 | 35.4 | -7.7% |
Top Suppliers of Hot-Rolled Wire Rod in Coils 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 hot-rolled wire rod market 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 2025.
Product coverage:
- Prodcom 2410T231 - Hot-rolled wire rod
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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