
Egypt - Grinding or Polishing Machines for Working Stone, Ceramics and Concrete - Market Analysis, Forecast, Size, Trends and Insights
Egypt: Stone Polishing Machine Market 2023
Stone Polishing Machine Market Size in Egypt
For the third year in a row, the Egyptian stone polishing machine market recorded decline in sales value, which decreased by -20.5% to $X in 2021. In general, consumption faced a abrupt setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.
Stone Polishing Machine Exports
Exports from Egypt
In 2021, stone polishing machine exports from Egypt rose to X units, surging by 2.2% against 2020 figures. In general, exports saw a prominent expansion. The growth pace was the most rapid in 2014 when exports increased by 1,300%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.
In value terms, stone polishing machine exports contracted to $X in 2021. Overall, exports showed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 2,472%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Algeria (X units) was the main destination for stone polishing machine exports from Egypt, accounting for a 80% share of total exports. Moreover, stone polishing machine exports to Algeria exceeded the volume sent to the second major destination, Zambia (X units), sixfold. The United Arab Emirates (X units) ranked third in terms of total exports with a 2.2% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Algeria stood at +32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+13.0% per year) and the United Arab Emirates (-16.4% per year).
In value terms, Algeria ($X) remains the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Egypt, comprising 84% of total exports. The second position in the ranking was held by Sudan ($X), with a 7.8% share of total exports. It was followed by Zambia, with a 3.7% share.
From 2012 to 2021, the average annual growth rate of value to Algeria stood at +28.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+7.0% per year) and Zambia (+22.6% per year).
Export Prices by Country
The average stone polishing machine export price stood at $X per unit in 2021, falling by -7% against the previous year. Overall, the export price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 251% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Sudan ($X per unit), while the average price for exports to Zambia ($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 Sudan (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.
Stone Polishing Machine Imports
Imports into Egypt
In 2021, imports of grinding or polishing machines for working stone, ceramics and concrete into Egypt contracted dramatically to X units, which is down by -38.1% on the previous year. Over the period under review, imports faced a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 103%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.
In value terms, stone polishing machine imports surged to $X in 2021. Overall, imports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by 50%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, China (X units) constituted the largest stone polishing machine supplier to Egypt, with a 66% share of total imports. Moreover, stone polishing machine imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fivefold. Portugal (X units) ranked third in terms of total imports with a 4.9% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+67.6% per year) and Portugal (+16.3% per year).
In value terms, Italy ($X), China ($X) and Turkey ($X) appeared to be the largest stone polishing machine suppliers to Egypt, together comprising 69% of total imports. France, Portugal, the United Arab Emirates and Japan lagged somewhat behind, together comprising a further 13%.
The United Arab Emirates, with a CAGR of +81.8%, recorded the highest growth rate of 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 2021, the average stone polishing machine import price amounted to $X per unit, with an increase of 92% against the previous year. Over the period under review, the import price posted resilient growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 101%. The import price peaked in 2021 and is expected to retain growth in the near future.
Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+37.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the stone polishing machine market in Egypt. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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