Egypt: Market for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors 2024

Market Size for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors in Egypt

In 2022, the Egyptian market for fork-lift trucks and other industrial works trucks and tractors decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption, however, saw a resilient increase. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Exports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Exports from Egypt

In 2022, shipments abroad of fork-lift trucks and other industrial works trucks and tractors increased by X% to X units, rising for the third consecutive year after three years of decline. In general, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors rose remarkably to $X in 2022. Over the period under review, exports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sudan (X units), Nigeria (X units) and the UK (X units) were the main destinations of exports of fork-lift trucks and other industrial works trucks and tractors from Egypt, with a combined X% share of total exports. Moreover, exports of fork-lift trucks and other industrial works trucks and tractors in Sudan exceeded the figures recorded by the second-largest exporter, Nigeria, twofold.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), South Korea ($X) and Palestine ($X) constituted the largest markets for forklift truck and industrial works truck exported from Egypt worldwide, together comprising X% of total exports. Sudan, Burundi, France, Ethiopia, Cyprus, the UK, Italy, Belgium, Germany and Kuwait lagged somewhat behind, together comprising a further X%.

Cyprus, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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 export price for fork-lift trucks and other industrial works trucks and tractors amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price saw a noticeable setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the 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 South Korea ($X per unit), while the average price for exports to Kuwait ($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 Cyprus (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Imports into Egypt

After four years of growth, purchases abroad of fork-lift trucks and other industrial works trucks and tractors decreased by X% to X units in 2022. Overall, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors declined rapidly to $X in 2022. In general, imports saw a slight slump. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest forklift truck and industrial works truck supplier to Egypt, with a X% share of total imports. Moreover, imports of fork-lift trucks and other industrial works trucks and tractors from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The UK (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 stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (X% per year).

In value terms, the largest forklift truck and industrial works truck suppliers to Egypt were Germany ($X), China ($X) and Japan ($X), with a combined X% share of total imports. The UK, the United States, France, Italy, the Netherlands, South Korea, Sweden and Belgium lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 fork-lift trucks and other industrial works trucks and tractors amounted to $X per unit, declining by X% against the previous year. In general, the import price saw a deep downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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