Egypt: Bumper Market 2024

Bumper Market Size in Egypt

For the fourth year in a row, the Egyptian bumper market recorded decline in sales value, which decreased by -1.6% to $X in 2022. Over the period under review, consumption faced a deep downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Bumper Exports

Exports from Egypt

In 2022, shipments abroad of bumpers decreased by -34.3% to X tons, falling for the third year in a row after two years of growth. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 1,021% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, bumper exports fell rapidly to $X in 2022. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2019 when exports increased by 420% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for bumper exports from Egypt, accounting for a 95% share of total exports. It was followed by Rwanda (X kg), with a 1.6% share of total exports. Jordan (X kg) ranked third in terms of total exports with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (0.0% per year) and Jordan (-51.1% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for bumpers exports from Egypt, comprising 88% of total exports. The second position in the ranking was held by Rwanda ($X), with a 5% share of total exports. It was followed by Saudi Arabia, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (0.0% per year) and Saudi Arabia (-37.6% per year).

Export Prices by Country

In 2022, the average bumper export price amounted to $X per ton, which is down by -55.1% against the previous year. Over the period under review, the export price showed a noticeable decrease. The pace of growth was the most pronounced in 2020 an increase of 340% against the previous year. The export price peaked at $X per ton in 2021, and then fell rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) 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 (+218.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bumper Imports

Imports into Egypt

For the sixth consecutive year, Egypt recorded decline in supplies from abroad of bumpers, which decreased by -6.1% to X tons in 2022. In general, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2013 when imports increased by 114% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, bumper imports dropped modestly to $X in 2022. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2013 when imports increased by 191% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Thailand (X tons) were the main suppliers of bumper imports to Egypt, with a combined 48% share of total imports. The United States, Japan, Taiwan (Chinese), Turkey, Belgium, Malaysia, South Korea and the United Arab Emirates lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of -1.3%), while imports for the other leaders experienced a decline.

In value terms, China ($X), Germany ($X) and Thailand ($X) were the largest bumper suppliers to Egypt, with a combined 48% share of total imports.

China, with a CAGR of -1.2%, 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 a decline.

Import Prices by Country

In 2022, the average bumper import price amounted to $X per ton, with an increase of 6% against the previous year. Overall, the import price saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of 93%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per ton) and South Korea ($X per ton), while the price for Thailand ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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