Egypt: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Egypt

The Egyptian non-electric motor handtools market skyrocketed to $X in 2022, jumping by 36% 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). In general, consumption enjoyed strong growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Non-Electric Motor Handtools Exports

Exports from Egypt

In 2022, non-electric motor handtools exports from Egypt soared to X units, jumping by 400% against 2021 figures. Overall, exports, however, showed a deep reduction. The growth pace was the most rapid in 2017 with an increase of 6,313%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-electric motor handtools exports shrank to $X in 2022. Over the period under review, exports, however, saw a significant curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 11,098% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Denmark (X units) was the main destination for non-electric motor handtools exports from Egypt, accounting for a 65% share of total exports. Moreover, non-electric motor handtools exports to Denmark exceeded the volume sent to the second major destination, Austria (X units), fourfold. Cyprus (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-15.1% per year) and Cyprus (+16.7% per year).

It was followed by France, with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria totaled -23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (0.0% per year) and France (-76.2% per year).

Export Prices by Country

The average non-electric motor handtools export price stood at $X per unit in 2022, dropping by -81.1% against the previous year. In general, the export price saw a significant decline. The pace of growth appeared the most rapid in 2020 an increase of 200% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Cyprus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+21.2%), while the prices for the other major destinations experienced a decline.

Non-Electric Motor Handtools Imports

Imports into Egypt

In 2022, imports of handtools, hydraulic or with a self-contained non-electric motor into Egypt skyrocketed to X units, growing by 49% against 2021 figures. Overall, imports showed resilient growth. The pace of growth appeared the most rapid in 2019 when imports increased by 155% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, non-electric motor handtools imports expanded rapidly to $X in 2022. Over the period under review, imports recorded a perceptible expansion. The pace of growth was the most pronounced in 2016 when imports increased by 120%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest non-electric motor handtools supplier to Egypt, accounting for a 82% share of total imports. Moreover, non-electric motor handtools imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), tenfold. The third position in this ranking was held by Italy (X units), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.4% per year) and Italy (+11.3% per year).

In value terms, Germany ($X), China ($X) and France ($X) appeared to be the largest non-electric motor handtools suppliers to Egypt, with a combined 62% share of total imports.

In terms of the main suppliers, France, with a CAGR of +113.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-electric motor handtools import price stood at $X per unit in 2022, waning by -24.8% against the previous year. In general, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 52% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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