Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Egypt - 2023

Contents:

  1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Egypt (CIF) - 2023
  2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Egypt (FOB) - 2022
  3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Egypt
  4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Egypt

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Egypt (CIF) - 2023

The average import price for tubing; flexible, with or without fittings, of base metals stood at $37,491 per ton in May 2023, increasing by 137% against the previous month. Over the period under review, the import price saw strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In May 2023, the countries with the highest prices were Turkey ($16,437 per ton) and China ($15,974 per ton), while the price for India ($13,512 per ton) and Finland ($14,339 per ton) were amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Egypt (FOB) - 2022

In 2022, the average export price for tubing; flexible, with or without fittings, of base metals amounted to $29,908 per ton, waning by -16% against the previous year. In general, the export price, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 an increase of 19,312%. The export price peaked at $35,600 per ton in 2021, and then declined dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Libya ($44,483 per ton), while the average price for exports to China ($20,040 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+28.9%).

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Egypt

In 2022, purchases abroad of tubing; flexible, with or without fittings, of base metals increased by 16% to 756 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a precipitous slump.

In value terms, imports of tubing; flexible, with or without fittings, of base metals soared to $11M in 2022. Over the period under review, imports, however, recorded a sharp setback.

Import of Tubing; Flexible, with or Without Fittings, of Base Metal in Egypt (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey4.63.22.95.24.2%
China1.72.01.42.716.7%
Germany1.90.50.21.4-9.7%
Italy1.30.60.40.5-27.3%
United States1.11.30.60.3-35.2%
India0.30.70.30.30.0%
United Kingdom10.10.30.20.2-72.9%
France1.80.10.4N/A-52.9%
Others1.50.72.70.5-30.7%
Total24.39.49.211.2-22.8%

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Egypt in 2022:

  1. Turkey (325.5 tons)
  2. China (218.7 tons)
  3. Germany (88.6 tons)
  4. Italy (33.1 tons)
  5. United States (27.3 tons)
  6. India (16.7 tons)
  7. United Kingdom (15.4 tons)
  8. France (1.5 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Egypt

In 2022, after two years of decline, there was significant growth in shipments abroad of tubing; flexible, with or without fittings, of base metals, when their volume increased by 47,980% to 2.4 tons. Over the period under review, exports, however, faced a dramatic curtailment.

In value terms, exports of tubing; flexible, with or without fittings, of base metals soared to $72K in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Tubing; Flexible, with or Without Fittings, of Base Metal in Egypt (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi ArabiaN/A5.8N/A62.0227.0%
IraqN/AN/AN/A4.00%
LibyaN/AN/AN/A3.90%
ChinaN/AN/AN/A1.50%
Mauritania2.4N/AN/AN/A0%
OthersN/A0.20.20.558.1%
Total2.46.00.271.9210.6%

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Egypt in 2022:

  1. Saudi Arabia (2021.0 kg)
  2. Iraq (200.0 kg)
  3. Libya (87.0 kg)
  4. China (75.0 kg)

Source: IndexBox Market Intelligence Platform

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