Egypt: Magnetic Card Market 2024

Magnetic Card Market Size in Egypt

The Egyptian magnetic card market fell rapidly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption saw a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Magnetic Card Production in Egypt

In value terms, magnetic card production declined notably to $X in 2022 estimated in export price. Overall, production showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Magnetic card production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Magnetic Card Exports

Exports from Egypt

In 2022, approx. X units of cards incorporating a magnetic stripe were exported from Egypt; shrinking by X% on the previous year. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, magnetic card exports fell remarkably to $X in 2022. In general, exports faced a abrupt downturn. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sudan (X units), Zambia (X units) and Cameroon (X units) were the main destinations of magnetic card exports from Egypt, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Zambia ($X) emerged as the key foreign market for cards incorporating a magnetic stripe exports from Egypt, comprising X% of total exports. The second position in the ranking was taken by Sudan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Zambia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (X% per year) and Cameroon (X% per year).

Export Prices by Country

The average magnetic card export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to Sudan ($X per unit) was amongst the lowest.

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

Magnetic Card Imports

Imports into Egypt

In 2022, after two years of growth, there was significant decline in purchases abroad of cards incorporating a magnetic stripe, when their volume decreased by X% to X units. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then declined notably in the following year.

In value terms, magnetic card imports reduced sharply to $X in 2022. In general, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of magnetic card to Egypt, accounting for a X% share of total imports. Moreover, magnetic card imports from China exceeded the figures recorded by the second-largest supplier, France (X units), fivefold. The Netherlands (X units) ranked third in terms of total imports with a X% share.

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

In value terms, France ($X), China ($X) and the Netherlands ($X) were the largest magnetic card suppliers to Egypt, with a combined X% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average magnetic card import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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