Egypt: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Egypt

In 2022, the Egyptian sugar-manufacturing industrial machinery market decreased by -73.8% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, continues to indicate strong growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Production in Egypt

In value terms, sugar-manufacturing industrial machinery production shrank remarkably to $X in 2022 estimated in export price. In general, production recorded a significant contraction. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Egypt

In 2022, exports of industrial machinery for the manufacture or preparation of sugar from Egypt soared to X units, rising by 47% on the year before. In general, exports saw a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 108%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, sugar-manufacturing industrial machinery exports rose slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2019 when exports increased by 106% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X units), the Philippines (X units) and Morocco (X units) were the main destinations of sugar-manufacturing industrial machinery exports from Egypt, together accounting for 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +58.8%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the Philippines ($X) and Morocco ($X) were the largest markets for sugar-manufacturing industrial machinery exported from Egypt worldwide, together comprising 92% of total exports.

In terms of the main countries of destination, Morocco, with a CAGR of +52.1%, saw the highest rates of growth with regard to 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

The average sugar-manufacturing industrial machinery export price stood at $X per unit in 2022, falling by -28.8% against the previous year. Overall, the export price showed a precipitous descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to the Philippines ($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 Pakistan (+14.1%), while the prices for the other major destinations experienced mixed trend patterns.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Egypt

In 2022, overseas purchases of industrial machinery for the manufacture or preparation of sugar decreased by -80.4% to X units, falling for the second year in a row after two years of growth. In general, imports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2016 when imports increased by 737%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery imports declined sharply to $X in 2022. Overall, imports saw a noticeable slump. The pace of growth appeared the most rapid in 2020 with an increase of 703%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units) and France (X units) were the main suppliers of sugar-manufacturing industrial machinery imports to Egypt.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +22.0%).

In value terms, Germany ($X) and France ($X) were the largest sugar-manufacturing industrial machinery suppliers to Egypt.

France, with a CAGR of +15.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, reducing by -28.6% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugar-manufacturing industrial machinery import price decreased by -29.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 37% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for France totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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