Egypt: Market for Iron or Steel Cans 2024

Market Size for Iron or Steel Cans in Egypt

The Egyptian iron or steel can market contracted modestly to $X in 2023, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Production of Iron or Steel Cans in Egypt

In value terms, iron or steel can production declined modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

Exports of Iron or Steel Cans

Exports from Egypt

In 2023, overseas shipments of iron or steel cans increased by X% to X units, rising for the fifth year in a row after two years of decline. In general, exports, however, recorded a deep setback. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, iron or steel can exports skyrocketed to $X in 2023. Over the period under review, exports, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Libya (X units), Palestine (X units) and Kenya (X units) were the main destinations of iron or steel can exports from Egypt, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Kenya (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel can exported from Egypt were Libya ($X), Palestine ($X) and Kenya ($X), with a combined X% share of total exports.

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

Export Prices by Country

In 2023, the average iron or steel can export price amounted to $X per unit, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is likely to continue growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were Saudi Arabia ($X per unit) and Algeria ($X per unit), while the average price for exports to Sudan ($X per unit) and Kenya ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cans

Imports into Egypt

Iron or steel can imports into Egypt fell modestly to X units in 2023, remaining constant against 2022. In general, imports, however, enjoyed a slight increase. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of X units. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, iron or steel can imports contracted slightly to $X in 2023. Over the period under review, total imports indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Turkey (X units) constituted the largest iron or steel can supplier to Egypt, with a X% share of total imports. Moreover, iron or steel can imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. Saudi Arabia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Saudi Arabia (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of iron or steel cans to Egypt, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2023, the average iron or steel can import price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price, however, recorded a slight expansion. The growth pace was the most rapid in 2022 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit, and then fell modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Russia ($X per unit) and China ($X per unit), while the price for Italy ($X per unit) and Israel ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform