Egypt: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Egypt

In 2022, the Egyptian market for industrial, laboratory or bakery ovens increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate a noticeable downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Egypt

In 2022, after two years of growth, there was significant decline in shipments abroad of industrial, laboratory or bakery ovens, when their volume decreased by X% to X units. Overall, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then plummeted in the following year.

In value terms, industrial, laboratory or bakery oven exports contracted markedly to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Saudi Arabia (X units) was the main destination for industrial, laboratory or bakery oven exports from Egypt, accounting for a X% share of total exports. Moreover, industrial, laboratory or bakery oven exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X units), fourfold. The United Arab Emirates (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and the United Arab Emirates (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for industrial, laboratory or bakery ovens exports from Egypt, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, dropping by X% against the previous year. In general, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Sudan ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (X%), while the prices for the other major destinations experienced a decline.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Egypt

Industrial, laboratory or bakery oven imports into Egypt fell markedly to X units in 2022, dropping by X% on the year before. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial, laboratory or bakery oven imports rose markedly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest industrial, laboratory or bakery oven supplier to Egypt, with a X% share of total imports. Moreover, industrial, laboratory or bakery oven 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 rate of growth in terms of volume from China stood at 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, Germany ($X), China ($X) and Finland ($X) appeared to be the largest industrial, laboratory or bakery oven suppliers to Egypt, together accounting for X% of total imports.

Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for industrial, laboratory or bakery ovens amounted to $X per unit, growing by X% against the previous year. In general, the import price recorded a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :