Egypt: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Egypt

The Egyptian machine-tool for working metal market contracted significantly to $X in 2022, which is down 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). Over the period under review, consumption continues to indicate a pronounced decrease. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Machine Tools For Working Metal

Exports from Egypt

In 2022, exports of machine tools for working metal from Egypt declined dramatically to X units, with a decrease of X% compared with the year before. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for working metal exports reduced notably to $X in 2022. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for machine-tool for working metal exports from Egypt, with a X% share of total exports. Moreover, machine-tool for working metal exports to Germany exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold. Libya (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Libya (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for machine tools for working metal exports from Egypt, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Libya, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Libya (X% per year).

Export Prices by Country

In 2022, the average machine-tool for working metal export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

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

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Imports of Machine Tools For Working Metal

Imports into Egypt

Machine-tool for working metal imports into Egypt contracted remarkably to X units in 2022, which is down by X% against the previous year's figure. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, machine-tool for working metal imports contracted markedly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Turkey (X units) and Italy (X units) were the main suppliers of machine-tool for working metal imports to Egypt, with a combined X% share of total imports. Germany, Bulgaria, India and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Italy ($X) and Turkey ($X) were the largest machine-tool for working metal suppliers to Egypt, together comprising X% of total imports. Germany, Taiwan (Chinese), Bulgaria and India lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Bulgaria, 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

The average machine-tool for working metal import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price recorded resilient growth. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Bulgaria ($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

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