Egypt: Ferro-Chromium Market Overview 2020

Ferro-Chromium Market Size in Egypt

The revenue of the ferro-chromium market in Egypt amounted to $X in 2018, picking up by 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). Over the period under review, ferro-chromium consumption, however, continues to indicate a significant setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the ferro-chromium market attained its maximum level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Ferro-Chromium Exports

Exports from Egypt

In 2018, the amount of ferro-chromium exported from Egypt totaled X tonnes, reducing by -X% against the previous year. Over the period under review, ferro-chromium exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Egypt exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, ferro-chromium exports amounted to $X in 2018. Over the period under review, ferro-chromium exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, ferro-chromium exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

South Africa represented the largest exporter of ferro-chromium exported in the world, with the volume of exports amounting to X tonnes, which was near X% of total exports in 2018. It was distantly followed by Kazakhstan (X tonnes) and India (X tonnes), together mixing up a X% share of total exports. Finland (X tonnes), Russia (X tonnes), Zimbabwe (X tonnes) and Sweden (X tonnes) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of +X% from 2007 to 2018. At the same time, Finland (+X%), India (+X%), Sweden (+X%), Kazakhstan (+X%) and Zimbabwe (+X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2018. By contrast, Russia (-X%) illustrated a downward trend over the same period. South Africa (+X p.p.), India (+X p.p.), Kazakhstan (+X p.p.) and Finland (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Kazakhstan ($X) and India ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Russia, Finland, Zimbabwe and Sweden, which together accounted for a further X the main exporting countries, Finland recorded the highest rates of growth with regard to the value of exports, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The ferro-chromium export price in Egypt stood at $X per tonne in 2018, growing by X% against the previous year. Over the period under review, the ferro-chromium export price continues to indicate a slight increase. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. In that year, the export prices for ferro-chromium reached their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the export prices for ferro-chromium remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Russia ($X per tonne), while South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Ferro-Chromium Imports

Imports into Egypt

In 2018, approx. X tonnes of ferro-chromium were imported into Egypt; growing by X% against the previous year. Over the period under review, ferro-chromium imports, however, continue to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Egypt imports peaked at X tonnes in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, ferro-chromium imports amounted to $X in 2018. In general, ferro-chromium imports, however, continue to indicate a temperate deduction. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, ferro-chromium imports attained their peak figure at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, China (X tonnes), distantly followed by Japan (X tonnes), the U.S. (X tonnes), South Korea (X tonnes), the United Arab Emirates (X tonnes), Belgium (X tonnes) and Italy (X tonnes) represented the largest importers of ferro-chromium, together comprising X% of total imports. The following importers - Taiwan, Chinese (X tonnes), Germany (X tonnes), Spain (X tonnes) and Indonesia (X tonnes) - together made up X% of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2018. At the same time, the United Arab Emirates (+X%), Indonesia (+X%), the U.S. (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2018. By contrast, Spain (-X%), Japan (-X%), Belgium (-X%), Italy (-X%), Taiwan, Chinese (-X%) and Germany (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), the United Arab Emirates (+X p.p.), the U.S. (+X p.p.), Indonesia (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Belgium (-X p.p.), Italy (-X p.p.), Taiwan, Chinese (-X p.p.), Japan (-X p.p.) and Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and the U.S. ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports. South Korea, Germany, Taiwan, Chinese, Belgium, the United Arab Emirates, Italy, Spain and Indonesia lagged somewhat behind, together accounting for a further X United Arab Emirates (+X% per year) recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the ferro-chromium import price in Egypt amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the import price indicated strong growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, ferro-chromium import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% year-to-year. Over the period under review, the import prices for ferro-chromium reached their peak figure in 2018 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per tonne), while Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Taiwan, Chinese, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform