Egypt: Machinery Electrical Parts Market 2024

Machinery Electrical Parts Market Size in Egypt

The Egyptian machinery electrical parts market dropped to $X in 2022, with a decrease of -7.8% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +9.2% against 2020 indices. Machinery electrical parts consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Machinery Electrical Parts Production in Egypt

In value terms, machinery electrical parts production shrank to $X in 2022 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +10.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 113%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Machinery Electrical Parts Exports

Exports from Egypt

Machinery electrical parts exports from Egypt shrank slightly to X tons in 2022, dropping by -4% against 2021 figures. Over the period under review, exports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 767%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, machinery electrical parts exports stood at $X in 2022. Overall, exports showed a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 316% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Tanzania (X tons) was the main destination for machinery electrical parts exports from Egypt, accounting for a 88% share of total exports. It was followed by Kenya (X kg), with a 2.4% share of total exports. The third position in this ranking was taken by Kuwait (X kg), with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tanzania stood at +41.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+22.9% per year) and Kuwait (-10.1% per year).

In value terms, Tanzania ($X) remains the key foreign market for electrical parts of machinery or apparatus exports from Egypt, comprising 67% of total exports. The second position in the ranking was taken by Kenya ($X), with a 6.6% share of total exports. It was followed by Kuwait, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value to Tanzania stood at +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+16.6% per year) and Kuwait (+5.6% per year).

Export Prices by Country

The average machinery electrical parts export price stood at $X per ton in 2022, surging by 4.8% against the previous year. In general, the export price, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 34% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Kuwait ($X per ton), while the average price for exports to Tanzania ($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 Kuwait (+17.5%), while the prices for the other major destinations experienced a decline.

Machinery Electrical Parts Imports

Imports into Egypt

Machinery electrical parts imports into Egypt rose significantly to X tons in 2022, increasing by 13% on the year before. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 924% 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, machinery electrical parts imports soared to $X in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 625%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X kg), Spain (X kg) and China (X kg) were the main suppliers of machinery electrical parts imports to Egypt, with a combined 76% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +83.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the United Arab Emirates ($X) and the UK ($X) appeared to be the largest machinery electrical parts suppliers to Egypt, with a combined 57% share of total imports. Turkey, Germany, India, Taiwan (Chinese) and China lagged somewhat behind, together accounting for a further 17%.

Turkey, with a CAGR of +93.5%, saw 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

In 2022, the average machinery electrical parts import price amounted to $X per ton, surging by 130% against the previous year. In general, the import price recorded a slight increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+107.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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