Report Update: May 1, 2024

Egypt - Glass Fibre Chopped Strands - Market Analysis, Forecast, Size, Trends and Insights

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Price for Glass Fibre Chopped Strand in Egypt - 2023

Price for Glass Fibre Chopped Strand in Egypt (CIF) - 2022

The average glass fibre chopped strand import price stood at $1,650 per ton in 2022, increasing by 31% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 38% against the previous year. As a result, import price reached the peak level of $1,729 per ton; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($1,650 per ton) and Germany ($1,650 per ton), while the price for Slovakia ($1,650 per ton) and China ($1,650 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Glass Fibre Chopped Strand in Egypt (FOB) - 2022

In 2022, the average glass fibre chopped strand export price amounted to $1,695 per ton, with an increase of 23% against the previous year. Over the period under review, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 2,222%. Over the period under review, the average export prices reached the maximum at $2,656 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($1,695 per ton) and Cote d'Ivoire ($1,695 per ton), while the average price for exports to Tunisia ($1,695 per ton) and Kenya ($1,695 per ton) were amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (+281.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibre Chopped Strand in Egypt

In 2022, overseas purchases of glass fibre chopped strands decreased by -3% to 736 tons, falling for the second consecutive year after two years of growth. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 83% against the previous year. As a result, imports reached the peak of 1K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, glass fibre chopped strand imports skyrocketed to $1.2M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 46%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Import of Glass Fibre Chopped Strand in Egypt (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	560	1,004	821	975	20.3%
Slovakia	N/A	77.4	44.0	178	51.6%
Malaysia	13.7	20.0	31.1	56.8	60.6%
Others	183	N/A	59.6	4.0	-72.0%
Total	756	1,102	955	1,214	17.1%

Top Suppliers of Glass Fibre Chopped Strand to Egypt in 2022:

China (591.1 tons)
Slovakia (108.1 tons)
Malaysia (34.4 tons)

Exports of Glass Fibre Chopped Strand in Egypt

In 2022, approx. 204 tons of glass fibre chopped strands were exported from Egypt; rising by 22% compared with the year before. In general, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 203%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, glass fibre chopped strand exports skyrocketed to $345K in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 207% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Glass Fibre Chopped Strand in Egypt (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Morocco	76.7	22.2	92.6	172	30.9%
Lebanon	N/A	N/A	N/A	74.5	0%
India	N/A	N/A	N/A	31.4	0%
Bangladesh	N/A	N/A	N/A	25.7	0%
Vietnam	N/A	N/A	N/A	12.5	0%
Kenya	N/A	21.0	N/A	12.2	-23.8%
Cote d'Ivoire	N/A	5.1	N/A	9.6	37.2%
Tunisia	17.0	N/A	25.2	7.7	-23.2%
Kuwait	N/A	26.7	88.4	N/A	231.1%
Syrian Arab Republic	19.2	N/A	N/A	N/A	0%
United Kingdom	12.0	N/A	N/A	N/A	0%
Libya	N/A	N/A	16.5	N/A	0%
Saudi Arabia	11.5	N/A	N/A	N/A	0%
Others	19.1	0.1	8.0	N/A	-35.3%
Total	156	75.1	231	345	30.3%

Top Export Markets for Glass Fibre Chopped Strand from Egypt in 2022:

Morocco (101.5 tons)
Lebanon (43.9 tons)
India (18.5 tons)
Bangladesh (15.1 tons)
Vietnam (7.4 tons)
Kenya (7.2 tons)
Cote d'Ivoire (5.6 tons)
Tunisia (4.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for glass fibre chopped strand in Egypt. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23141110 - Glass fibre threads cut into lengths of at least 3 mm but . .50 mm (chopped strands)

Country coverage:

Egypt

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Egypt
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023