Egypt: Power Tool Market 2024

Power Tool Market Size in Egypt

In 2021, the Egyptian power tool market decreased by -8.1% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a perceptible contraction. Power tool consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Power Tool Production in Egypt

In value terms, power tool production dropped to $X in 2021 estimated in export price. Overall, production showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 39%. Power tool production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Power Tool Exports

Exports from Egypt

In 2021, after two years of decline, there was significant growth in shipments abroad of power tools, when their volume increased by 236% to X units. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,024% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, power tool exports skyrocketed to $X in 2021. Overall, exports showed a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 1,057%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Tunisia (X units), Nigeria (X units) and Sudan (X units) were the main destinations of power tool exports from Egypt.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tunisia (with a CAGR of +433.5%), while the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X), Nigeria ($X) and Sudan ($X) constituted the largest markets for power tool exported from Egypt worldwide, with a combined 71% share of total exports.

In terms of the main countries of destination, Tunisia, with a CAGR of +133.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average power tool export price amounted to $X per unit, rising by 38% against the previous year. Over the period under review, the export price recorded tangible growth. The pace of growth was the most pronounced in 2020 an increase of 1,133% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Congo ($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 Congo (+78.8%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Egypt

In 2021, purchases abroad of power tools decreased by -41.3% to X units, falling for the second year in a row after two years of growth. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 491%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, power tool imports dropped to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 40%. Over the period under review, imports hit record highs at $X in 2020, and then declined modestly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of power tool to Egypt, accounting for a 62% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold. The third position in this ranking was held by Australia (X units), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+25.9% per year) and Australia (+99.5% per year).

In value terms, China ($X) constituted the largest supplier of power tools to Egypt, comprising 68% of total imports. The second position in the ranking was held by Australia ($X), with a 4.3% share of total imports. It was followed by Germany, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+97.8% per year) and Germany (-13.9% per year).

Import Prices by Country

The average power tool import price stood at $X per unit in 2021, increasing by 63% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 220%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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