Egypt: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Egypt

The Egyptian continuous-action elevators and conveyors market soared to $X in 2022, rising by X% against the previous year. Overall, consumption, however, saw a deep downturn. Continuous-action elevators and conveyors consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Continuous-Action Elevators And Conveyors in Egypt

In value terms, continuous-action elevators and conveyors production declined slightly to $X in 2022 estimated in export price. In general, production showed resilient growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Continuous-action elevators and conveyors production peaked at $X in 2021, and then dropped slightly in the following year.

Exports of Continuous-Action Elevators And Conveyors

Exports from Egypt

In 2022, the amount of continuous-action elevators and conveyors exported from Egypt contracted remarkably to X units, with a decrease of X% against the previous year. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, continuous-action elevators and conveyors exports declined notably to $X in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X units), Sudan (X units) and Saudi Arabia (X units) were the main destinations of continuous-action elevators and conveyors exports from Egypt, with a combined X% share of total exports. Libya, Lebanon, Iraq, Morocco, Italy and Pakistan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Sudan ($X), Pakistan ($X) and Saudi Arabia ($X) were the largest markets for continuous-action elevators and conveyors exported from Egypt worldwide, with a combined X% share of total exports. Turkey, Morocco, Iraq, Libya, Lebanon and Italy lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average continuous-action elevators and conveyors export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while the average price for exports to Libya ($X 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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Continuous-Action Elevators And Conveyors

Imports into Egypt

For the sixth consecutive year, Egypt recorded decline in supplies from abroad of continuous-action elevators and conveyors, which decreased by X% to X units in 2022. Overall, imports showed a deep setback. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, continuous-action elevators and conveyors imports shrank notably to $X in 2022. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of continuous-action elevators and conveyors to Egypt, with a X% share of total imports. Moreover, continuous-action elevators and conveyors imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

In value terms, the largest continuous-action elevators and conveyors suppliers to Egypt were China ($X), Italy ($X) and Germany ($X), with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average continuous-action elevators and conveyors import price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then fell in the following year.

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

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

Source: IndexBox Platform

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