Egypt: Wood Drilling Machine Market 2022

Wood Drilling Machine Market Size in Egypt

The Egyptian wood drilling machine market fell rapidly to $X in 2021, shrinking by -55.7% 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 recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Wood Drilling Machine Exports

Exports from Egypt

For the third consecutive year, Egypt recorded growth in shipments abroad of drilling or morticing machines, which increased by 114% to X units in 2021. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 433% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, wood drilling machine exports dropped markedly to $X in 2021. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 3,533% against the previous year. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Kuwait (X units) was the main destination for wood drilling machine exports from Egypt, accounting for a 71% share of total exports. Moreover, wood drilling machine exports to Kuwait exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Kuwait amounted to +70.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+48.9% per year) and Palestine (+1,100.0% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for wood drilling machine exports from Egypt, comprising 60% of total exports. The second position in the ranking was held by Palestine ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia stood at +43.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (+107.4% per year) and Kuwait (+64.0% per year).

Export Prices by Country

The average wood drilling machine export price stood at $X per unit in 2021, declining by -76.1% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by 1,077%. As a result, the export price attained the peak level of $X per unit, and then declined remarkably in the following year.

Prices varied noticeably country of destination: the country with the highest price was Palestine ($X per unit), while the average price for exports to Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (-2.0%), while the prices for the other major destinations experienced a decline.

Wood Drilling Machine Imports

Imports into Egypt

In 2021, the amount of drilling or morticing machines imported into Egypt reduced to X units, with a decrease of -12.1% on 2020 figures. Overall, imports, however, posted strong growth. The growth pace was the most rapid in 2015 with an increase of 563%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, wood drilling machine imports reduced rapidly to $X in 2021. In general, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 566% against the previous year. Imports peaked at $X in 2020, and then fell notably in the following year.

Imports by Country

In 2021, China (X units) constituted the largest wood drilling machine supplier to Egypt, with a 60% share of total imports. Moreover, wood drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by Turkey (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.1% per year) and Turkey (+22.9% per year).

In value terms, China ($X) constituted the largest supplier of wood drilling machine to Egypt, comprising 57% of total imports. The second position in the ranking was taken by Italy ($X), with a 22% share of total imports. It was followed by Turkey, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.3% per year) and Turkey (+15.3% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, dropping by -24.3% against the previous year. In general, the import price, however, recorded a slight expansion. The growth pace was the most rapid in 2018 when the average import price increased by 307% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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