Egypt: Iron Angle Market 2024

Iron Angle Market Size in Egypt

In 2022, the Egyptian iron angle market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a perceptible descent. Iron angle consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Iron Angle Production in Egypt

In value terms, iron angle production fell to $X in 2022 estimated in export price. Overall, production showed a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Iron Angle Exports

Exports from Egypt

In 2022, overseas shipments of angles, shapes and sections (of iron or non-alloy steel) decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, iron angle exports reduced sharply to $X in 2022. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for iron angle exports from Egypt, accounting for a X% share of total exports. Moreover, iron angle exports to Saudi Arabia exceeded the volume sent to the second major destination, Kenya (X tons), threefold. Syrian Arab Republic (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Syrian Arab Republic (X% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for angles, shapes and sections (of iron or non-alloy steel) exports from Egypt, comprising X% of total exports. The second position in the ranking was held by Kenya ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average iron angle export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron angle export price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Libya ($X 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 Madagascar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Egypt

In 2022, the amount of angles, shapes and sections (of iron or non-alloy steel) imported into Egypt amounted to X tons, surging by X% against 2021. Over the period under review, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, iron angle imports skyrocketed to $X in 2022. In general, imports showed a strong expansion. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Turkey (X tons), Bahrain (X tons) and the United Arab Emirates (X tons) were the main suppliers of iron angle imports to Egypt, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bahrain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Bahrain ($X) and the United Arab Emirates ($X) appeared to be the largest iron angle suppliers to Egypt, together comprising X% of total imports.

Bahrain, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average iron angle import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron angle import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Turkey ($X per ton), while the price for the United Arab Emirates ($X per ton) and Bahrain ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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