Egypt: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Egypt

In 2021, the Egyptian glass fibre mat market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption recorded buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Glass Fibre Mat Production in Egypt

In value terms, glass fibre mat production reached $X in 2021 estimated in export price. Over the period under review, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Glass fibre mat production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Glass Fibre Mat Exports

Exports from Egypt

In 2021, shipments abroad of glass fibre mats decreased by -X% to X kg, falling for the second consecutive year after four years of growth. In general, exports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass fibre mat exports dropped remarkably to $X in 2021. Overall, exports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X kg) was the main destination for glass fibre mat exports from Egypt, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China was relatively modest.

From 2012 to 2021, the average annual growth rate of value to China was relatively modest.

Export Prices by Country

In 2021, the average glass fibre mat export price amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the export price saw a abrupt downturn. The growth pace was the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to X% per year.

Glass Fibre Mat Imports

Imports into Egypt

In 2021, approx. X tons of glass fibre mats were imported into Egypt; jumping by X% on the year before. In general, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre mat imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of glass fibre mat to Egypt, with a X% share of total imports. Moreover, glass fibre mat imports from China exceeded the figures recorded by the second-largest supplier, Bahrain (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (+X% per year) and India (+X% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre mat to Egypt, comprising X% of total imports. The second position in the ranking was occupied by Bahrain ($X), with an X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (+X% per year) and India (+X% per year).

Import Prices by Country

The average glass fibre mat import price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the import price, however, saw a mild downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Bahrain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform