Price for Safety Pins and Other Pins; of Iron or Steel in Egypt - 2024

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Egypt (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Egypt (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Egypt
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Egypt

Price for Safety Pins and Other Pins; of Iron or Steel in Egypt (CIF) - 2022

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $13,104 per ton, declining by -16.6% against the previous year. Overall, the import price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 205% against the previous year. The import price peaked at $16,007 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2014 to 2022, the rate of growth in terms of prices for China amounted to +45.8% per year.

Price for Safety Pins and Other Pins; of Iron or Steel in Egypt (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $4,842 per ton in 2022, with a decrease of -7.8% against the previous year. In general, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 941%. As a result, the export price reached the peak level of $21,617 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +37.6% per year.

Imports of Safety Pins and Other Pins; of Iron or Steel in Egypt

After two years of decline, overseas purchases of safety pins and other pins; of iron or steels increased by 93% to 156 tons in 2022. In general, imports saw a modest expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of safety pins and other pins; of iron or steels skyrocketed to $2M in 2022. Overall, total imports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Egypt in 2022:

1. China (153.1 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Egypt

In 2022, overseas shipments of safety pins and other pins; of iron or steels decreased by -99.5% to 114 kg, falling for the second year in a row after two years of growth. In general, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 18,338% against the previous year. As a result, the exports attained the peak of 634 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of safety pins and other pins; of iron or steels contracted significantly to $552 in 2022. Overall, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 26,445%. As a result, the exports reached the peak of $2.3M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Egypt in 2022:

1. Saudi Arabia (111.0 kg)

Source: IndexBox Market Intelligence Platform