Egypt: Fork-Lift Truck Market 2024

Fork-Lift Truck Market Size in Egypt

The Egyptian fork-lift truck market contracted modestly to $X in 2022, shrinking by X% 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). In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Fork-Lift Truck Exports

Exports from Egypt

In 2022, fork-lift truck exports from Egypt plummeted to X units, dropping by X% compared with the previous year. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, fork-lift truck exports fell notably to $X in 2022. In general, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X units) was the main destination for fork-lift truck exports from Egypt, accounting for a X% share of total exports. Moreover, fork-lift truck exports to Belgium exceeded the volume sent to the second major destination, Italy (X units), twofold. The third position in this ranking was held by France (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and France (X% per year).

In value terms, the largest markets for fork-lift truck exported from Egypt were Uganda ($X), Italy ($X) and France ($X).

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to 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 fork-lift truck export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then fell dramatically in the following year.

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

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Fork-Lift Truck Imports

Imports into Egypt

In 2022, purchases abroad of fork-lift trucks increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports posted a remarkable increase. 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 units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, fork-lift truck imports contracted significantly to $X in 2022. Overall, imports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest fork-lift truck supplier to Egypt, accounting for a X% share of total imports. Moreover, fork-lift truck imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Italy (X units), with a X% share.

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

In value terms, the largest fork-lift truck suppliers to Egypt were China ($X), Japan ($X) and Germany ($X), together accounting for X% of total imports.

China, with a CAGR of X%, recorded 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 a decline.

Import Prices by Country

The average fork-lift truck import price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price showed a deep reduction. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Germany ($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 mixed trend patterns.

Source: IndexBox Platform

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