Report Update: Apr 1, 2024

Egypt - Iron Or Steel Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends And Insights

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Steel Stranded Wire Price in Egypt - 2023

Steel Stranded Wire Price in Egypt (CIF) - 2022

In 2022, the average steel stranded wire import price amounted to $2,975 per ton, increasing by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 21%. The import price peaked at $3,147 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($2,975 per ton) and Italy ($2,975 per ton), while the price for Romania ($2,857 per ton) and China ($2,975 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Steel Stranded Wire Price in Egypt (FOB) - 2022

In 2022, the average steel stranded wire export price amounted to $1,608 per ton, surging by 19% against the previous year. In general, the export price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices hit record highs at $2,934 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($3,753 per ton), while the average price for exports to Israel ($1,055 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (+27.5%), while the prices for the other major destinations experienced mixed trend patterns.

Steel Stranded Wire Imports in Egypt

In 2022, overseas purchases of iron or steel stranded wire, ropes and cables were finally on the rise to reach 13K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt decline.

In value terms, steel stranded wire imports soared to $38M in 2022. Over the period under review, imports, however, continue to indicate a pronounced downturn.

Import of Steel Stranded Wire in Egypt (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	17.4	12.7	13.7	12.8	-9.7%
China	7.7	6.5	5.6	10.9	12.3%
Italy	2.3	1.1	6.1	8.5	54.6%
United Arab Emirates	1.3	0.9	1.8	1.2	-2.6%
Germany	1.9	1.0	1.0	0.7	-28.3%
Romania	9.1	6.8	N/A	N/A	-25.3%
Others	4.4	6.2	4.0	4.0	-3.1%
Total	44.2	35.2	32.2	38.2	-4.7%

Top Suppliers of Steel Stranded Wire to Egypt in 2022:

Romania (undefinedK tons)
Turkey (4.3K tons)
China (3.7K tons)
Italy (2.9K tons)
United Arab Emirates (0.4K tons)
Germany (0.2K tons)

Steel Stranded Wire Exports in Egypt

In 2022, shipments abroad of iron or steel stranded wire, ropes and cables decreased by -34.4% to 1.4K tons, falling for the second consecutive year after two years of growth. Overall, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 30%. As a result, the exports reached the peak of 3.3K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, steel stranded wire exports reduced sharply to $2.2M in 2022. In general, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of 76%. As a result, the exports attained the peak of $4.2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Steel Stranded Wire in Egypt (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Israel	688	1,385	1,532	1,088	16.5%
Italy	N/A	N/A	N/A	347	0%
Costa Rica	N/A	N/A	N/A	314	0%
Lithuania	N/A	N/A	N/A	85.0	0%
Sudan	41.0	205	259	45.6	3.6%
Palestine	425	N/A	N/A	12.4	-69.2%
United Arab Emirates	183	435	67.7	0.6	-85.1%
Jordan	383	222	112	N/A	-45.9%
United States	360	904	N/A	N/A	151.1%
Others	302	1,034	811	285	-1.9%
Total	2,381	4,185	2,781	2,178	-2.9%

Top Export Markets for Steel Stranded Wire from Egypt in 2022:

Israel (1031.8 tons)
Italy (92.6 tons)
Costa Rica (83.8 tons)
Sudan (41.6 tons)
Lithuania (22.6 tons)
Palestine (6.7 tons)
United Arab Emirates (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the steel stranded wire 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 2030.

Product coverage:

Prodcom 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023