Egypt: Stranded Wire Market 2024

Stranded Wire Market Size in Egypt

In 2022, the Egyptian stranded wire market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Stranded Wire Production in Egypt

In value terms, stranded wire production amounted to less than $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 with a decrease of X% against the previous year. Stranded wire production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Stranded Wire Exports

Exports from Egypt

After two years of decline, shipments abroad of stranded wire, ropes and cables increased by X% to X tons in 2022. Over the period under review, exports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, stranded wire exports soared to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Libya (X tons) was the main destination for stranded wire exports from Egypt, with a X% share of total exports. Moreover, stranded wire exports to Libya exceeded the volume sent to the second major destination, Israel (X tons), fourfold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and the United States (X% per year).

In value terms, Libya ($X) emerged as the key foreign market for stranded wire, ropes and cables exports from Egypt, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Libya stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average stranded wire export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price enjoyed a modest increase. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Libya ($X per ton), while the average price for exports to Palestine ($X per ton) and Costa Rica ($X per ton) were amongst the lowest.

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

Stranded Wire Imports

Imports into Egypt

In 2022, after three years of decline, there was significant growth in purchases abroad of stranded wire, ropes and cables, when their volume increased by X% to X tons. In general, imports, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, stranded wire imports surged to $X in 2022. Overall, imports saw a slight expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), China (X tons) and Italy (X tons) were the main suppliers of stranded wire imports to Egypt, together accounting for X% of total imports. Bahrain, Saudi Arabia, the United Arab Emirates, the UK and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest stranded wire suppliers to Egypt were Turkey ($X), China ($X) and Italy ($X), with a combined X% share of total imports. Bahrain, Saudi Arabia, the United Arab Emirates, the UK and Romania lagged somewhat behind, together comprising a further X%.

Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average stranded wire import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price 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, stranded wire import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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