Waxes; Artificial, Prepared Price in Egypt - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Egypt (CIF) - 2023
2. Waxes; Artificial, Prepared Price in Egypt (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Egypt
4. Waxes; Artificial, Prepared Exports in Egypt

Waxes; Artificial, Prepared Price in Egypt (CIF) - 2023

The average waxes; artificial, prepared import price stood at $3,301 per ton in June 2023, dropping by -4.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 20% month-to-month. As a result, import price reached the peak level of $3,450 per ton. From November 2022 to June 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Spain ($3,729 per ton) and Ireland ($3,729 per ton), while the price for Saudi Arabia ($2,542 per ton) and Turkey ($3,178 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Egypt (FOB) - 2022

The average waxes; artificial, prepared export price stood at $3,145 per ton in 2022, approximately equating the previous year. In general, the export price, however, showed moderate growth. The pace of growth appeared the most rapid in 2020 an increase of 97% against the previous year. Over the period under review, the average export prices hit record highs at $3,153 per ton in 2021, and then contracted modestly in the following year.

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 Turkey amounted to +40.8% per year.

Waxes; Artificial, Prepared Imports in Egypt

In 2022, approx. 4.9K tons of waxes; artificial, prepared were imported into Egypt; increasing by 36% against 2021. The total import volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared imports skyrocketed to $14M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +70.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Waxes; Artificial, Prepared to Egypt in 2022:

1. Saudi Arabia (585.5 tons)
2. Germany (564.3 tons)
3. Turkey (547.6 tons)
4. India (424.8 tons)
5. China (414.5 tons)
6. Italy (383.9 tons)
7. France (331.1 tons)
8. Spain (314.0 tons)
9. United States (261.6 tons)
10. Thailand (259.5 tons)
11. Netherlands (180.0 tons)
12. Austria (130.1 tons)

Waxes; Artificial, Prepared Exports in Egypt

Waxes; artificial, prepared exports from Egypt declined markedly to 92 tons in 2022, falling by -48.6% against the previous year. In general, exports, however, continue to indicate temperate growth. The pace of growth appeared the most rapid in 2021 when exports increased by 3,481%. As a result, the exports reached the peak of 179 tons, and then fell dramatically in the following year.

In value terms, waxes; artificial, prepared exports contracted significantly to $289K in 2022. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 3,864%. As a result, the exports attained the peak of $564K, and then shrank sharply in the following year.

Top Export Markets for Waxes; Artificial, Prepared from Egypt in 2022:

1. Saudi Arabia (91.9 tons)

Source: IndexBox Market Intelligence Platform