Egypt: Plaster Article Market 2024

Plaster Article Market Size in Egypt

In 2022, the Egyptian plaster article market decreased by X% to $X, falling for the second consecutive year after six years of growth. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Plaster Article Production in Egypt

In value terms, plaster article production amounted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Plaster Article Exports

Exports from Egypt

In 2022, shipments abroad of articles of plaster or of compositions based on plaster increased by X% to X square meters, rising for the second consecutive year after two years of decline. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, plaster article exports surged to $X in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Libya (X square meters) was the main destination for plaster article exports from Egypt, accounting for a X% share of total exports. Moreover, plaster article exports to Libya exceeded the volume sent to the second major destination, Nigeria (X square meters), threefold. Palestine (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Libya totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Palestine (X% per year).

In value terms, Libya ($X) remains the key foreign market for articles of plaster or of compositions based on plaster exports from Egypt, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports. It was followed by Palestine, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Libya stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Palestine (X% per year).

Export Prices by Country

In 2022, the average plaster article export price amounted to $X per square meter, surging by X% against the previous year. Overall, the export price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kenya ($X per square meter) and Sudan ($X per square meter), while the average price for exports to Tanzania ($X per square meter) and Uganda ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Article Imports

Imports into Egypt

In 2022, approx. X square meters of articles of plaster or of compositions based on plaster were imported into Egypt; falling by X% on the previous year's figure. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, plaster article imports fell sharply to $X in 2022. Over the period under review, imports recorded a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X square meters) constituted the largest plaster article supplier to Egypt, with a X% share of total imports. Moreover, plaster article imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), twofold. The third position in this ranking was taken by China (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and China (X% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of articles of plaster or of compositions based on plaster to Egypt, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

Import Prices by Country

The average plaster article import price stood at $X per square meter in 2022, picking up by X% against the previous year. In general, the import price, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Algeria ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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