Egypt: Epoxide Resin Market 2024

Epoxide Resin Market Size in Egypt

The Egyptian epoxide resin market shrank remarkably to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a perceptible increase. Epoxide resin consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Epoxide Resin Exports

Exports from Egypt

In 2022, approx. X tons of epoxide resins were exported from Egypt; growing by X% against 2021. In general, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, epoxide resin exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Morocco (X tons) was the main destination for epoxide resin exports from Egypt, with a X% share of total exports. Moreover, epoxide resin exports to Morocco exceeded the volume sent to the second major destination, Lebanon (X tons), sixfold. The third position in this ranking was taken by Algeria (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Morocco stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (X% per year) and Algeria (X% per year).

In value terms, Morocco ($X) remains the key foreign market for epoxide resins exports from Egypt, comprising X% of total exports. The second position in the ranking was taken by Lebanon ($X), with a X% share of total exports. It was followed by Algeria, with a X% share.

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

Export Prices by Country

In 2022, the average epoxide resin export price amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated a buoyant increase 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, epoxide resin export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

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

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

Epoxide Resin Imports

Imports into Egypt

In 2022, epoxide resin imports into Egypt contracted significantly to X tons, which is down by X% on 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, epoxide resin imports reduced markedly to $X in 2022. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

China (X tons), India (X tons) and Saudi Arabia (X tons) were the main suppliers of epoxide resin imports to Egypt, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest epoxide resin suppliers to Egypt were China ($X), India ($X) and Saudi Arabia ($X), with a combined X% share of total imports.

Among the main suppliers, India, with a CAGR of X%, saw the highest growth rate of 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 epoxide resin import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated a tangible 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, epoxide resin import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue 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 the Netherlands ($X per ton) and India ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform