Egypt: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Egypt

The Egyptian agricultural product dryer market surged to $X in 2021, picking up by 146% 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). Overall, consumption, however, continues to indicate a abrupt shrinkage. Agricultural product dryer consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Agricultural Product Dryer Exports

Exports from Egypt

In 2020, overseas shipments of dryers for the treatment of agricultural products decreased by 0% to X units for the first time since 2016, thus ending a three-year declining trend. Overall, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 500% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2020, the growth of the exports remained at a lower figure.

In value terms, agricultural product dryer exports dropped sharply to $X in 2020. In general, exports saw a mild setback. The pace of growth appeared the most rapid in 2015 when exports increased by 38,765%. The exports peaked at $X in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

Exports by Country

Nigeria (X units) and the United Arab Emirates (X units) were the main destinations of agricultural product dryer exports from Egypt. Moreover, agricultural product dryer exports in Nigeria exceeded the figures recorded by the second-largest exporter, the United Arab Emirates, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +13.0%).

In value terms, the United Arab Emirates ($X) and Nigeria ($X) were the largest markets for agricultural product dryer exported from Egypt worldwide.

Among the main countries of destination, Nigeria, with a CAGR of +16.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the average agricultural product dryer export price amounted to less than $X per unit, falling by 99.9% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 61% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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 Nigeria amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+12.1%).

Agricultural Product Dryer Imports

Imports into Egypt

In 2021, agricultural product dryer imports into Egypt skyrocketed to X units, jumping by 94% compared with 2020 figures. In general, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 1,125%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, agricultural product dryer imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a deep contraction. The growth pace was the most rapid in 2015 with an increase of 1,364%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main agricultural product dryer supplier to Egypt, accounting for a 2,754% share of total imports. Moreover, agricultural product dryer imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +98.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.1% per year) and South Korea (+35.4% per year).

In value terms, China ($X) constituted the largest supplier of dryers for the treatment of agricultural products to Egypt, comprising 115% of total imports. The second position in the ranking was taken by Italy ($X), with a 6.8% share of total imports. It was followed by South Korea, with a 0.7% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +93.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.0% per year) and South Korea (+15.2% per year).

Import Prices by Country

In 2021, the average agricultural product dryer import price amounted to $X per unit, surging by 60% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 143%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+31.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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