Egypt's Wire and Cable Industry Booms in 2024 with Record Exports and Consumption
Egypt's wire and cable industry witnessed significant growth in 2024. Exports surged to $X, while imports increased by X% to X tons. Production and consumption also peaked, with the UK and China being major trading partners in the stock market today.
The Egyptian wire and cable market experienced remarkable expansion in 2024. Exports surged to $X, marking a resilient increase over the review period. Imports also grew notably, reaching X tons, a X% rise from 2012. Production skyrocketed to $X, while consumption peaked and is expected to maintain growth in the stock market.
The UK was the primary destination for Egyptian exports, accounting for a X% share. Meanwhile, China was the largest supplier, with a X% share of total imports. The average import price stood at $X per ton, declining by X% year-on-year in the stock market.
Key export partners for insulated wires and cables from 2012 to 2024 included Saudi Arabia, the United Arab Emirates, and Libya. Important import partners were China, Germany, and Italy. The market's sales value increased by X% to $X in 2024 in the stock market.
Despite a decrease in exports by X% to X tons in 2024, ending a three-year rising trend, the Egyptian wire and cable industry remains robust. Total consumption increased at an average annual rate of X% from 2012 to 2024, indicating a strong and growing market in the stock market today.
