Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Egypt - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Egypt (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Egypt (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Egypt
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Egypt

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Egypt (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.2 per unit, picking up by 1.6% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for millstones, grindstones, grinding wheels and the like; of natural stones decreased by -20.5% against 2020 indices. The growth pace was the most rapid in 2014 when the average import price increased by 57%. The import price peaked at $0.2 per unit in 2020; however, from 2021 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 Italy ($0.5 per unit), while the price for Indonesia ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Egypt (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.7 per unit, shrinking by -68.3% against the previous year. Over the period under review, the export price, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 an increase of 976% against the previous year. As a result, the export price attained the peak level of $2.3 per unit, and then fell markedly in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($0.3 per unit), while the average price for exports to Sudan stood at $0.3 per unit.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+0.7%), while the prices for the other major destinations experienced a decline.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Egypt

In 2022, approx. 5.8M units of millstones, grindstones, grinding wheels and the like; of natural stones were imported into Egypt; reducing by -8.1% compared with the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 85%. As a result, imports attained the peak of 6.3M units, and then reduced in the following year.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones contracted to $1.1M in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of $1.2M, and then reduced in the following year.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Egypt in 2022:

1. China (5.0M units)
2. Italy (0.4M units)
3. Indonesia (0.2M units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Egypt

For the third consecutive year, Egypt recorded decline in overseas shipments of millstones, grindstones, grinding wheels and the like; of natural stones, which decreased by -70.3% to 9.7K units in 2022. Overall, exports saw a precipitous decline. The smallest decline of -51.7% was in 2020. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones reached the maximum at 701K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones contracted dramatically to $6.9K in 2022. In general, exports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 4.1% against the previous year. The exports peaked at $200K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Egypt in 2022:

1. Jordan (7.0K units)
2. Sudan (2.7K units)

Source: IndexBox Market Intelligence Platform