Glass exports hit $56mn in five months- Egyptian Council

Egypt’s glass exports recorded 502.13 million Egyptian pounds (US$56.5million) during January-May 2016 compared to 453.9 million pounds at the same period of 2015, registering 11percent increase.

According to the latest report released by Egyptian Chemical and Fertilizers Export Council (CEC) on Thursday, ten firms seized 68.8 percent of the total exports volume with exports estimated at 345.55 million pounds.

Misr Glass Manufacturing Company S.A.E (MGM) was the largest glass exporter that captured 28 percent of the total volume with exports estimated at 98.4 million pounds, followed by Asfour Crystal whose exports recorded 69.2 million pounds, getting 20 percent of the total volume.

The report stated that ten states captured 64.1 percent of Egypt’s total glass exports during the first five months of 2016 with exports worth 321.7 million pounds.

Sudan was the largest importer of Egyptian glass products with imports worth  69.9 million pounds, getting 22 percent of the total volume, followed by Lebanon whose imports hit 59.6 million pounds, capturing 19 percent of the total exports.

The report further stated that Morocco imported Egyptian glass products estimated at 45.9 million, while Algeria imported glass products worth 34.8 million pounds. Additionally,  Turkey’s imports of Egyptian glass products reached 27.7 million pounds.