Egypt: Wood Bending Machine Market 2022

Wood Bending Machine Market Size in Egypt

The Egyptian wood bending machine market fell rapidly to $X in 2021, waning by -58.1% 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). Over the period under review, consumption saw a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Wood Bending Machine Exports

Exports from Egypt

In 2021, shipments abroad of bending or assembling machines decreased by 0% to X units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 600% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood bending machine exports declined notably to $X in 2021. In general, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2014 when exports increased by 626% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for wood bending machine exports from Egypt, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest.

In value terms, Germany ($X) emerged as the key foreign market for wood bending machine exports from Egypt.

From 2012 to 2021, the average annual growth rate of value to Germany was relatively modest.

Export Prices by Country

In 2021, the average wood bending machine export price amounted to $X per unit, dropping by -63.1% against the previous year. Overall, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of 483%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +24.0% per year.

Wood Bending Machine Imports

Imports into Egypt

In 2021, wood bending machine imports into Egypt declined notably to X units, which is down by -69.7% against the previous year's figure. Overall, imports recorded a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 400%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, wood bending machine imports contracted significantly to $X in 2021. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 when imports increased by 473% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Turkey (X units) were the main suppliers of wood bending machine imports to Egypt, together accounting for 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +200.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of wood bending machine to Egypt, comprising 72% of total imports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +87.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+10.0% per year) and China (+26.9% per year).

Import Prices by Country

In 2021, the average wood bending machine import price amounted to $X per unit, growing by 149% against the previous year. Over the period under review, the import price enjoyed buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cyprus (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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