Egypt: Concrete Mixer Market 2024

Concrete Mixer Market Size in Egypt

In 2021, the Egyptian concrete mixer market increased by 161% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a strong increase. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Concrete Mixer Exports

Exports from Egypt

In 2021, after two years of growth, there was significant decline in shipments abroad of concrete or mortar mixers, when their volume decreased by -48.9% to X units. Overall, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 1,769%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, concrete mixer exports fell significantly to $X in 2021. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2017 when exports increased by 988% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X units) was the main destination for concrete mixer exports from Egypt, with a 94% share of total exports. Moreover, concrete mixer exports to Australia exceeded the volume sent to the second major destination, the United Arab Emirates (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-1.8% per year) and Saudi Arabia (-51.0% per year).

In value terms, Australia ($X) remains the key foreign market for concrete or mortar mixers exports from Egypt, comprising 97% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 2.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-7.0% per year) and Saudi Arabia (-49.2% per year).

Export Prices by Country

The average concrete mixer export price stood at $X per unit in 2021, increasing by 15% against the previous year. In general, the export price continues to indicate a perceptible increase. The growth pace was the most rapid in 2018 when the average export price increased by 114%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to the United Arab Emirates ($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 Mauritania (+37.1%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Mixer Imports

Imports into Egypt

In 2021, after two years of decline, there was significant growth in purchases abroad of concrete or mortar mixers, when their volume increased by 160% to X units. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 417%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, concrete mixer imports surged to $X in 2021. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 187% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Italy (X units), Germany (X units) and China (X units) were the main suppliers of concrete mixer imports to Egypt, together comprising 58% of total imports. These countries were followed by Serbia, India, Spain and Turkey, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +108.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Turkey ($X) were the largest concrete mixer suppliers to Egypt, with a combined 59% share of total imports. China, Serbia, India and Spain lagged somewhat behind, together comprising a further 14%.

India, with a CAGR of +104.1%, saw 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 more modest paces of growth.

Import Prices by Country

In 2021, the average concrete mixer import price amounted to $X per unit, dropping by -3.5% against the previous year. In general, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 33% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+9.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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