Egypt: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Egypt

In 2020, the Egyptian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption enjoyed a tangible expansion. As a result, consumption attained the peak level of $X. From 2016 to 2020, the growth of the market remained at a lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Egypt

In 2020, shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by X% to X units for the first time since 2016, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X units in 2019, and then dropped in the following year.

In value terms, iron, steel or aluminium reservoir exports skyrocketed to $X in 2020. In general, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2020 and are likely to see gradual growth in years to come.

Exports by Country

Saudi Arabia (X units), the United Arab Emirates (X units) and Iraq (X units) were the main destinations of iron, steel or aluminium reservoir exports from Egypt, together accounting for X% of total exports. Nigeria, Bahrain, Rwanda, Afghanistan, Morocco, Italy, the UK and Libya lagged somewhat behind, together comprising a further X%.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Rwanda (with a CAGR of X.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Egypt were Iraq ($X), Saudi Arabia ($X) and Nigeria ($X), with a combined X% share of total exports. Rwanda, Afghanistan, the United Arab Emirates, Morocco, Bahrain, the UK, Italy and Libya lagged somewhat behind, together accounting for a further X%.

Rwanda, with a CAGR of X.1%, 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 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per unit, picking up by X% against the previous year. Overall, export price indicated a slight increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, iron, steel or aluminium reservoir export price increased by X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Afghanistan ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Egypt

In 2020, iron, steel or aluminium reservoir imports into Egypt dropped significantly to X units, reducing by X% against the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X units. From 2016 to 2020, the growth of imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports fell to $X in 2020. In general, total imports indicated a mild expansion from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2020, the growth of imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and the United Arab Emirates (X units) were the main suppliers of iron, steel or aluminium reservoir imports to Egypt, together accounting for X% of total imports. Turkey, Malaysia, the United States, South Korea, Germany, India and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2020, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir suppliers to Egypt were Italy ($X), China ($X) and the United Arab Emirates ($X), together comprising X% of total imports. Malaysia, the United States, Germany, Turkey, South Korea, India and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per unit, growing by X% against the previous year. In general, import price indicated slight growth from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The import price peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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