Egypt: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Egypt

The Egyptian ferro-silicon market surged to $X in 2022, rising by X% against the previous year. Overall, the total consumption indicated a modest increase from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Ferro-Silicon Production in Egypt

In value terms, ferro-silicon production amounted to $X in 2022 estimated in export price. Overall, production recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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Ferro-Silicon Exports

Exports from Egypt

In 2022, approx. X tons of ferro-silicon were exported from Egypt; declining by X% on the previous year. Overall, exports, however, posted slight growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-silicon exports shrank to $X in 2022. In general, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Italy (X tons), the Netherlands (X tons) and Libya (X tons) were the main destinations of ferro-silicon exports from Egypt, with a combined X% share of total exports. Poland, Turkey, France, Germany, the UK, Belgium, Spain and Syrian Arab Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and Libya ($X) appeared to be the largest markets for ferro-silicon exported from Egypt worldwide, with a combined X% share of total exports. Poland, Turkey, France, Germany, the UK, Belgium, Spain and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ferro-silicon export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price continues to indicate prominent growth. 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 foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and Turkey ($X per ton), while the average price for exports to the UK ($X per ton) and Italy ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Silicon Imports

Imports into Egypt

In 2022, supplies from abroad of ferro-silicon was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed pronounced growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, ferro-silicon imports skyrocketed to $X in 2022. Overall, imports recorded buoyant growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of ferro-silicon to Egypt, accounting for a X% share of total imports. Moreover, ferro-silicon imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Kazakhstan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Kazakhstan (X% per year).

In value terms, China ($X) constituted the largest supplier of ferro-silicon to Egypt, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Kazakhstan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The average ferro-silicon import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price recorded a notable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Brazil ($X per ton) and France ($X per ton), while the price for Kuwait ($X per ton) and Spain ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform