Egypt: Memories Market 2024

Memories Market Size in Egypt

The Egyptian memories market reduced slightly to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Memories Production in Egypt

In value terms, memories production declined to $X in 2023 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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Memories Exports

Exports from Egypt

In 2023, shipments abroad of multichip integrated circuits: memories decreased by X% to X units for the first time since 2018, thus ending a four-year rising trend. In general, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2022, and then contracted markedly in the following year.

In value terms, memories exports reduced remarkably to $X in 2023. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2022, and then fell sharply in the following year.

Exports by Country

Denmark (X units) was the main destination for memories exports from Egypt, with a X% share of total exports. Moreover, memories exports to Denmark exceeded the volume sent to the second major destination, the United States (X units), sevenfold. France (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Denmark totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

In value terms, the largest markets for memories exported from Egypt were Denmark ($X), the United States ($X) and Malta ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Denmark, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average memories export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price saw a drastic downturn. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced a decline.

Memories Imports

Imports into Egypt

In 2023, supplies from abroad of multichip integrated circuits: memories increased by X% to X units, rising for the fourth consecutive year after three years of decline. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2023 and are likely to see gradual growth in the near future.

In value terms, memories imports soared to $X in 2023. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2023 and are likely to continue growth in years to come.

Imports by Country

In 2023, South Korea (X units) constituted the largest memories supplier to Egypt, accounting for a X% share of total imports. Moreover, memories imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of multichip integrated circuits: memories to Egypt, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2023, the average memories import price amounted to $X per unit, dropping by X% against the previous year. Overall, the import price saw a pronounced descent. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from China ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for South Korea ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform