Price for Chain and Parts Thereof, of Iron or Steel in Egypt - 2024
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Egypt (CIF) - 2024
- Price for Chain and Parts Thereof, of Iron or Steel in Egypt (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Egypt
- Exports of Chain and Parts Thereof, of Iron or Steel in Egypt
Price for Chain and Parts Thereof, of Iron or Steel in Egypt (CIF) - 2024
The average import price for chain and parts thereof, of iron or steel stood at $7,591 per ton in December 2023, with a decrease of -14.6% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 37% against the previous month. The import price peaked at $9,399 per ton in May 2023; however, from June 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($10,455 per ton), while the price for Turkey ($6,339 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Egypt (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $10,939 per ton in 2022, with an increase of 111% against the previous year. Over the period under review, the export price showed a moderate increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sudan ($11,014 per ton) and Belgium ($10,986 per ton), while the average price for exports to Palestine ($9,408 per ton) and Saudi Arabia ($10,000 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 the Netherlands (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Egypt
In 2022, imports of chain and parts thereof, of iron or steel into Egypt declined markedly to 1.4K tons, with a decrease of -18.5% on the previous year. Over the period under review, imports showed a abrupt shrinkage. The smallest decline of -12.1% was in 2021.
In value terms, imports of chain and parts thereof, of iron or steel reduced to $12M in 2022. In general, imports saw a abrupt decrease.
| Import of Chain and Parts Thereof, of Iron or Steel in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.1 | 4.9 | 5.3 | 5.1 | -5.8% |
| Germany | 3.1 | 2.4 | 2.3 | 2.7 | -4.5% |
| India | 0.3 | 0.5 | 0.6 | 1.2 | 58.7% |
| Italy | 1.2 | 0.9 | 0.9 | 0.8 | -12.6% |
| United States | 0.4 | 0.6 | 0.5 | 0.3 | -9.1% |
| Japan | 0.4 | 0.5 | 0.2 | 0.3 | -9.1% |
| Turkey | 0.3 | 0.5 | 0.2 | 0.2 | -12.6% |
| France | 0.5 | 0.8 | 0.3 | 0.2 | -26.3% |
| United Kingdom | 2.1 | 0.8 | 0.8 | 0.2 | -54.3% |
| Others | 1.8 | 1.6 | 1.4 | 0.9 | -20.6% |
| Total | 16.1 | 13.4 | 12.6 | 11.9 | -9.6% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Egypt in 2022:
- China (565.0 tons)
- Germany (342.5 tons)
- India (117.9 tons)
- Italy (90.0 tons)
- United Kingdom (44.0 tons)
- Japan (38.6 tons)
- Turkey (33.7 tons)
- United States (30.7 tons)
- France (18.8 tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Egypt
In 2022, exports of chain and parts thereof, of iron or steel from Egypt declined sharply to 5.3 tons, reducing by -60.6% compared with the previous year's figure. Overall, exports saw a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of 415%.
In value terms, exports of chain and parts thereof, of iron or steel reduced notably to $58K in 2022. In general, exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 when exports increased by 291% against the previous year. As a result, the exports attained the peak of $70K, and then declined rapidly in the following year.
| Export of Chain and Parts Thereof, of Iron or Steel in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | N/A | N/A | N/A | 55.0 | 0% |
| Belgium | N/A | N/A | N/A | 1.5 | 0% |
| Palestine | N/A | N/A | N/A | 1.3 | 0% |
| Morocco | 27.6 | 12.9 | N/A | N/A | -53.3% |
| United States | N/A | N/A | 64.5 | N/A | 0% |
| Italy | 39.7 | N/A | 3.2 | N/A | -71.6% |
| Others | N/A | 5.0 | 2.2 | 0.2 | -80.0% |
| Total | 67.3 | 17.9 | 69.9 | 58.1 | -4.8% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Egypt in 2022:
- Sudan (5.0 tons)
- Palestine (0.1 tons)
- Belgium (0.1 tons)
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