Egypt: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Egypt

The Egyptian market for vacuum pumps and air or gas compressors shrank to $X in 2022, which is down by -12.6% 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). Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +28.5% against 2020 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Egypt

After two years of growth, overseas shipments of vacuum pumps and air or gas compressors decreased by -46.7% to X units in 2022. Over the period under review, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 263%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of vacuum pumps and air or gas compressors dropped remarkably to $X in 2022. In general, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 241%. Over the period under review, the exports of attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tunisia (X units) was the main destination for exports of vacuum pumps and air or gas compressors from Egypt, accounting for a 29% share of total exports. Moreover, exports of vacuum pumps and air or gas compressors to Tunisia exceeded the volume sent to the second major destination, Turkey (X units), twofold. Algeria (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Tunisia totaled -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-10.1% per year) and Algeria (-16.7% per year).

In value terms, Syrian Arab Republic ($X), Tunisia ($X) and Turkey ($X) were the largest markets for vacuum pump and air or gas compressor exported from Egypt worldwide, with a combined 46% share of total exports.

Among the main countries of destination, Syrian Arab Republic, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, reducing by -9.1% against the previous year. In general, the export price, however, posted a pronounced increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 850% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

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 Syrian Arab Republic ($X per unit), while the average price for exports to Algeria ($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 Jordan (+722.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Egypt

In 2022, the amount of vacuum pumps and air or gas compressors imported into Egypt expanded notably to X units, with an increase of 5.6% compared with the previous year's figure. Over the period under review, imports posted a strong expansion. The growth pace was the most rapid in 2013 with an increase of 38%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of vacuum pumps and air or gas compressors dropped sharply to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 56%. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump and air or gas compressor to Egypt, accounting for a 84% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Slovakia (X units), more than tenfold. The third position in this ranking was held by Spain (X units), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+178.2% per year) and Spain (+20.3% per year).

In value terms, China ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Egypt, comprising 41% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Italy, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.4% per year) and Italy (-0.2% per year).

Import Prices by Country

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, waning by -31.1% against the previous year. Over the period under review, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 31%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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