Egypt: Hvac Equipment Market 2024

Hvac Equipment Market Size in Egypt

The Egyptian HVAC equipment market was finally on the rise to reach $X in 2022, after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Hvac Equipment Production in Egypt

In value terms, HVAC equipment production totaled $X in 2022 estimated in export price. In general, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Hvac Equipment Exports

Exports from Egypt

In 2022, approx. X units of HVAC equipment were exported from Egypt; with a decrease of X% against the year before. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, HVAC equipment exports dropped to $X in 2022. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Libya (X units) was the main destination for HVAC equipment exports from Egypt, with a X% share of total exports. Moreover, HVAC equipment exports to Libya exceeded the volume sent to the second major destination, Hungary (X units), twofold. The third position in this ranking was held by Tunisia (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Tunisia (X% per year).

In value terms, Hungary ($X), Libya ($X) and Tunisia ($X) appeared to be the largest markets for HVAC equipment exported from Egypt worldwide, with a combined X% share of total exports.

Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average HVAC equipment export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, saw a modest expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined in the following year.

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 Hungary ($X per unit), while the average price for exports to the United Arab Emirates ($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 Iraq (X%), while the prices for the other major destinations experienced a decline.

Hvac Equipment Imports

Imports into Egypt

In 2022, supplies from abroad of HVAC equipment was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, HVAC equipment imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2013; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X units) constituted the largest supplier of HVAC equipment to Egypt, accounting for a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Turkey (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of HVAC equipment to Egypt, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

Import Prices by Country

The average HVAC equipment import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price recorded a temperate expansion. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform