Egypt: Special Vehicle Body Market 2024

Special Vehicle Body Market Size in Egypt

In 2022, after three years of decline, there was growth in the Egyptian special vehicle body market, when its value increased by X% to $X. Overall, consumption, however, saw a deep contraction. Special vehicle body consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Special Vehicle Body Exports

Exports from Egypt

In 2022, overseas shipments of bodies for special purpose motor vehicles decreased by X% to less than X units, falling for the third year in a row after two years of growth. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, special vehicle body exports dropped significantly to $X in 2022. In general, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) was the main destination for special vehicle body exports from Egypt, accounting for a X% share of total exports. Moreover, special vehicle body exports to Saudi Arabia exceeded the volume sent to the second major destination, Ghana (X units), threefold. The third position in this ranking was held by the United Arab Emirates (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (X% per year) and the United Arab Emirates (X% per year).

In value terms, Saudi Arabia ($X), Kuwait ($X) and the United Arab Emirates ($X) appeared to be the largest markets for special vehicle body exported from Egypt worldwide, with a combined X% share of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average special vehicle body export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price recorded a significant increase. The growth pace was the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the average price for exports to Ghana ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Special Vehicle Body Imports

Imports into Egypt

In 2022, overseas purchases of bodies for special purpose motor vehicles increased by X% to X units for the first time since 2015, thus ending a six-year declining trend. In general, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, special vehicle body imports amounted to $X in 2022. Over the period under review, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

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

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

In value terms, the United States ($X), Germany ($X) and the United Arab Emirates ($X) constituted the largest special vehicle body suppliers to Egypt, together accounting for X% of total imports.

The United Arab Emirates, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average special vehicle body import price amounted to $X per unit, falling by X% against the previous year. In general, the import price, however, saw modest growth. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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