Egypt: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Egypt

The Egyptian glass fibre and article market soared to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Glass Fibres and Glass Fibre Articles in Egypt

In value terms, glass fibre and article production rose to $X in 2022 estimated in export price. Overall, the total production indicated strong 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Glass fibre and article production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Glass Fibres and Glass Fibre Articles

Exports from Egypt

In 2022, approx. X tons of glass fibres and glass fibre articles were exported from Egypt; dropping by X% against the previous year. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, glass fibre and article exports reduced sharply to $X in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

The United States (X tons), Turkey (X tons) and Germany (X tons) were the main destinations of glass fibre and article exports from Egypt, with a combined X% share of total exports. The Netherlands, Italy, Spain, Poland, Finland, the UK, Morocco, Lithuania, Romania and Russia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for glass fibre and article exported from Egypt were Turkey ($X), the United States ($X) and Germany ($X), with a combined X% share of total exports. The Netherlands, Italy, Spain, Poland, Finland, the UK, Romania, Morocco, Lithuania and Russia lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average glass fibre and article export price amounted to $X per ton, rising by X% against the previous year. In general, the export price recorded a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

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

Imports of Glass Fibres and Glass Fibre Articles

Imports into Egypt

In 2022, imports of glass fibres and glass fibre articles into Egypt rose remarkably to X tons, growing by X% against the previous year. In general, total imports indicated a perceptible expansion from 2012 to 2022: its volume 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 pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; afterwards, it flattened through to 2022.

In value terms, glass fibre and article imports fell to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glass fibre and article to Egypt, accounting for a X% share of total imports. Moreover, glass fibre and article imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. Kuwait (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of glass fibres and glass fibre articles to Egypt, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

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

Import Prices by Country

The average glass fibre and article import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a mild decline. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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