Egypt: Measuring Instrument Market 2022

Measuring Instrument Market Size in Egypt

The Egyptian measuring instrument market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption showed a notable increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Measuring Instrument Exports

Exports from Egypt

In 2021, the amount of instruments and apparatus for measuring or checking the flow or level of liquids exported from Egypt shrank sharply to X units, declining by -56.5% against the previous year's figure. Over the period under review, exports faced a dramatic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 854% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, measuring instrument exports shrank significantly to $X in 2021. In general, exports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 785%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Switzerland (X units), Germany (X units) and the UK (X units) were the main destinations of measuring instrument exports from Egypt, with a combined 86% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +24.1%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for measuring instrument exported from Egypt were the UK ($X), Germany ($X) and Italy ($X), together comprising 88% of total exports.

The UK, with a CAGR of +8.4%, 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 a decline.

Export Prices by Country

The average measuring instrument export price stood at $X per unit in 2021, increasing by 21% against the previous year. Overall, the export price saw a mild expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 88% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to Switzerland ($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 the United States (+85.7%), while the prices for the other major destinations experienced more modest paces of growth.

Measuring Instrument Imports

Imports into Egypt

In 2021, purchases abroad of instruments and apparatus for measuring or checking the flow or level of liquids was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports enjoyed a strong increase. The growth pace was the most rapid in 2014 with an increase of 205% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, measuring instrument imports soared to $X in 2021. In general, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 85%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest measuring instrument supplier to Egypt, with a 57% share of total imports. Moreover, measuring instrument imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X units), sevenfold. The third position in this ranking was taken by Italy (X units), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +34.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+10.6% per year) and Italy (-5.7% per year).

In value terms, Germany ($X), the United Arab Emirates ($X) and Italy ($X) constituted the largest measuring instrument suppliers to Egypt, with a combined 42% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +22.7%, recorded the highest growth rate of 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

In 2021, the average measuring instrument import price amounted to $X per unit, dropping by -29.9% against the previous year. In general, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 93% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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