Updated Nov 29, 2022 22:27

Pyrites Market in Egypt

Market Overview
For the fourth year in a row, the Egyptian pyrites market recorded growth in sales value, which increased by % to $ in . Over the period under review, consumption saw a significant expansion. Pyrites consumption peaked in and is expected to retain growth in years to come.


Consumption
In , approx. tons of pyrites were consumed in Egypt; with an increase of % against the previous year. Over the period under review, consumption continues to indicate a strong expansion. Pyrites consumption peaked in and is expected to retain growth in years to come.

The size of the pyrites market in Egypt rose notably to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a significant increase. Over the period under review, the market reached the maximum level in and is likely to continue growth in years to come.


Market Forecast
Driven by increasing demand for pyrites in Egypt, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Pyrites market in Egypt consists almost entirely of imported products.


Trade Balance
Egypt remains a net importer of pyrites; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.