Egypt: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Egypt

In 2022, the Egyptian trailer and semi-trailer market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. In general, consumption posted mild growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Trailer And Semi-Trailer Exports

Exports from Egypt

In 2022, trailer and semi-trailer exports from Egypt dropped remarkably to X units, which is down by -88.8% compared with 2021 figures. In general, exports saw a sharp curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 131%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, trailer and semi-trailer exports fell significantly to $X in 2022. Overall, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 111%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Libya (X units) was the main destination for trailer and semi-trailer exports from Egypt, accounting for a 58% share of total exports. Moreover, trailer and semi-trailer exports to Libya exceeded the volume sent to the second major destination, Saudi Arabia (X units), fourfold. The United Arab Emirates (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya totaled -16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-22.1% per year) and the United Arab Emirates (-15.6% per year).

In value terms, the largest markets for trailer and semi-trailer exported from Egypt were Libya ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising 91% of total exports. These countries were followed by Sudan, which accounted for a further 9.1%.

Sudan, with a CAGR of +18.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average trailer and semi-trailer export price amounted to $X per unit, jumping by 214% against the previous year. In general, the export price saw a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Sudan ($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 Ghana (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Egypt

In 2022, overseas purchases of cargo trailers and semi-trailers increased by 136% to X units for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2015 with an increase of 232% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, trailer and semi-trailer imports skyrocketed to $X in 2022. In general, imports posted a buoyant increase. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of trailer and semi-trailer to Egypt, accounting for a 66% share of total imports. Moreover, trailer and semi-trailer imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. France (X units) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+33.6% per year) and France (+21.4% per year).

In value terms, Germany ($X) constituted the largest supplier of cargo trailers and semi-trailers to Egypt, comprising 61% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by the UK, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.3% per year) and the UK (+18.5% per year).

Import Prices by Country

In 2022, the average trailer and semi-trailer import price amounted to $X per unit, shrinking by -3.7% against the previous year. Overall, the import price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 93%. As a result, import price attained the peak level of $X per unit, and then shrank slightly in the following year.

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 India ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+43.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform