Seals; Mechanical Price in Egypt - 2023

Contents:

1. Seals; Mechanical Price in Egypt (CIF) - 2022
2. Seals; Mechanical Price in Egypt (FOB) - 2022
3. Seals; Mechanical Imports in Egypt
4. Seals; Mechanical Exports in Egypt

Seals; Mechanical Price in Egypt (CIF) - 2022

The average seals; mechanical import price stood at $0.7 per unit in 2022, shrinking by -50.3% against the previous year. In general, the import price saw a noticeable setback. The growth pace was the most rapid in 2021 when the average import price increased by 123% against the previous year. As a result, import price reached the peak level of $1.5 per unit, and then shrank sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($6.5 per unit), while the price for China ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Egypt (FOB) - 2022

The average seals; mechanical export price stood at $10 per unit in 2022, rising by 3.7% against the previous year. In general, the export price showed a strong expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 50%. Over the period under review, the average export prices attained the peak figure at $12 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($21 per unit), while the average price for exports to Greece ($0.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+82.4%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Egypt

In 2022, supplies from abroad of seals; mechanicals was finally on the rise to reach 8.3M units after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at 8.6M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, seals; mechanical imports totaled $6.2M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Seals; Mechanical to Egypt in 2022:

1. China (6.5M units)
2. Germany (0.6M units)
3. Taiwan (Chinese) (0.3M units)
4. India (0.3M units)
5. Thailand (0.1M units)

Seals; Mechanical Exports in Egypt

In 2022, seals; mechanical exports from Egypt contracted markedly to 9.5K units, shrinking by -27.5% compared with the previous year. Overall, exports recorded a dramatic contraction. The pace of growth was the most pronounced in 2021 when exports increased by 105%. Over the period under review, the exports attained the maximum at 45K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, seals; mechanical exports dropped remarkably to $98K in 2022. Over the period under review, exports saw a precipitous setback. The pace of growth was the most pronounced in 2021 when exports increased by 99%. The exports peaked at $550K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Seals; Mechanical from Egypt in 2022:

1. Switzerland (undefinedK units)
2. Germany (2.9K units)
3. Greece (1.2K units)
4. France (0.6K units)
5. India (0.2K units)
6. United States (0.1K units)

Source: IndexBox Market Intelligence Platform