Egypt: Crude Granite Market 2024

Crude Granite Market Size in Egypt

The Egyptian crude granite market amounted to $X in 2022, remaining constant against the previous year. In general, consumption continues to indicate a perceptible descent. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Crude Granite Production in Egypt

In value terms, crude granite production amounted to $X in 2022 estimated in export price. In general, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Crude Granite Exports

Exports from Egypt

In 2022, overseas shipments of granite (crude) increased by 414% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, crude granite exports surged to $X in 2022. Overall, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for crude granite exports from Egypt, with a 34% share of total exports. Moreover, crude granite exports to Italy exceeded the volume sent to the second major destination, Poland (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+399.2% per year) and the UK (+19.0% per year).

In value terms, Italy ($X) remains the key foreign market for granite (crude) exports from Egypt, comprising 35% of total exports. The second position in the ranking was taken by the UK ($X), with a 9.7% share of total exports. It was followed by Poland, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+20.5% per year) and Poland (+260.4% per year).

Export Prices by Country

The average crude granite export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price, however, saw a perceptible increase. The growth pace was the most rapid in 2021 an increase of 111%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Turkey ($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 France (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Granite Imports

Imports into Egypt

In 2022, crude granite imports into Egypt surged to X tons, with an increase of 151% on 2021. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 420% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, crude granite imports soared to $X in 2022. Over the period under review, imports showed a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 247%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of crude granite to Egypt, accounting for a 59% share of total imports. Moreover, crude granite imports from India exceeded the figures recorded by the second-largest supplier, Norway (X tons), twofold. The third position in this ranking was held by Finland (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +47.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+34.9% per year) and Finland (+18.1% per year).

In value terms, India ($X) constituted the largest supplier of granite (crude) to Egypt, comprising 59% of total imports. The second position in the ranking was taken by Norway ($X), with a 24% share of total imports. It was followed by Finland, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +42.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+30.9% per year) and Finland (+14.7% per year).

Import Prices by Country

The average crude granite import price stood at $X per ton in 2022, with an increase of 20% against the previous year. Overall, the import price, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2017 an increase of 85%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Norway ($X per ton) and India ($X per ton), while the price for Italy ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :