Egypt: Market for Precious Metal Ores And Concentrates 2023

Market Size for Precious Metal Ores And Concentrates in Egypt

After nine years of growth, the Egyptian market for precious metal ores and concentrates decreased by -1.4% to $X in 2021. Over the period under review, consumption, however, enjoyed resilient growth. Precious metal ore and concentrate consumption peaked at $X in 2020, and then declined modestly in the following year.

Production of Precious Metal Ores And Concentrates in Egypt

In value terms, precious metal ore and concentrate production fell to $X in 2021 estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 44%. Over the period under review, production hit record highs at $X in 2020, and then fell slightly in the following year.

Exports of Precious Metal Ores And Concentrates

Exports from Egypt

For the fourth consecutive year, Egypt recorded growth in overseas shipments of precious metal ores and concentrates, which increased by 40% to X tons in 2021. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, precious metal ore and concentrate exports skyrocketed to $X in 2021. Over the period under review, exports posted a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Jordan (X tons) was the main destination for precious metal ore and concentrate exports from Egypt, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Jordan totaled +130.5%.

In value terms, Jordan ($X) emerged as the key foreign market for precious metal ore and concentrate exports from Egypt.

From 2012 to 2021, the average annual rate of growth in terms of value to Jordan amounted to +130.1%.

Export Prices by Country

In 2021, the average export price for precious metal ores and concentrates amounted to $X per ton, declining by -1.8% against the previous year. In general, the export price faced a dramatic downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 7.9% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 Jordan.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +3.2% per year.

Imports of Precious Metal Ores And Concentrates

Imports into Egypt

In 2021, supplies from abroad of precious metal ores and concentrates increased by 197% to X kg, rising for the third consecutive year after two years of decline. In general, imports, however, showed a mild contraction. The pace of growth was the most pronounced in 2015 with an increase of 17,900%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, precious metal ore and concentrate imports skyrocketed to $X in 2021. Overall, imports, however, recorded a noticeable downturn. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X kg) was the main supplier of precious metal ore and concentrate to Egypt, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of precious metal ore and concentrate to Egypt.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates was relatively modest.

Import Prices by Country

The average import price for precious metal ores and concentrates stood at $X per kg in 2021, picking up by 227% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 7,306%. As a result, import price reached the peak level of $X per kg. From 2015 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -34.2% per year.

Source: IndexBox Market Intelligence Platform

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