Egypt: Shaft Coupling Market 2024

Shaft Coupling Market Size in Egypt

The Egyptian shaft coupling market shrank to $X in 2022, waning by -12.7% 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 recorded a abrupt contraction. Shaft coupling consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Shaft Coupling Exports

Exports from Egypt

In 2022, approx. X kg of clutches and shaft couplings were exported from Egypt; dropping by -98.6% on 2021. In general, exports saw a precipitous curtailment. The smallest decline of -65.7% was in 2021. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, shaft coupling exports contracted dramatically to $X in 2022. Over the period under review, exports saw a sharp curtailment. The smallest decline of -48.9% was in 2021. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X kg), the United Arab Emirates (X kg) and France (X kg) were the main destinations of shaft coupling exports from Egypt. Moreover, shaft coupling exports in Germany exceeded the figures recorded by the second-largest exporter, the United Arab Emirates, twofold.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of -3.9%), while the other leaders experienced a decline.

In value terms, Germany ($X) remains the key foreign market for clutches and shaft couplings exports from Egypt, comprising 58% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 26% share of total exports.

From 2020 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-65.9% per year) and France (-89.7% per year).

Export Prices by Country

In 2022, the average shaft coupling export price amounted to $X per ton, falling by -4.4% against the previous year. In general, export price indicated a strong increase from 2020 to 2022: its price increased at an average annual rate of +19.4% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, shaft coupling export price increased by +42.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 49%. As a result, the export price attained the peak level of $X per ton, and then dropped modestly in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+13.4%), while the prices for the other major destinations experienced mixed trend patterns.

Shaft Coupling Imports

Imports into Egypt

In 2022, purchases abroad of clutches and shaft couplings decreased by -9.6% to X tons, falling for the third consecutive year after two years of growth. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 80% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, shaft coupling imports declined to $X in 2022. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 34%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of shaft coupling imports to Egypt, together comprising 50% of total imports. Turkey, South Korea, the United States, the UK, India, Japan, France and the United Arab Emirates lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +19.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest shaft coupling suppliers to Egypt were China ($X), Germany ($X) and Italy ($X), together comprising 50% of total imports. Turkey, South Korea, the United States, the UK, India, Japan, France and the United Arab Emirates lagged somewhat behind, together comprising a further 36%.

Turkey, with a CAGR of +17.3%, 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

The average shaft coupling import price stood at $X per ton in 2022, declining by -4.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 31%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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