Egypt: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in Egypt

In 2021, the Egyptian market for instruments for measuring electrical quantities was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw resilient growth. Instruments for measuring electrical quantities consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Instruments for Measuring Electrical Quantities

Exports from Egypt

In 2021, approx. X units of instruments for measuring electrical quantities were exported from Egypt; shrinking by -95.3% on the previous year's figure. Over the period under review, exports saw a sharp descent. Over the period under review, the exports reached the maximum at X units in 2020, and then reduced sharply in the following year.

In value terms, instruments for measuring electrical quantities exports declined rapidly to $X in 2021. In general, exports recorded a dramatic decrease. The exports peaked at $X in 2020, and then dropped rapidly in the following year.

Exports by Country

Germany (X units), Nigeria (X units) and Singapore (X units) were the main destinations of instruments for measuring electrical quantities exports from Egypt, with a combined 94% share of total exports.

From 2020 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Germany ($X) remains the key foreign market for instruments for measuring electrical quantities exports from Egypt, comprising 80% of total exports. The second position in the ranking was taken by Singapore ($X), with a 6.4% share of total exports. It was followed by Malta, with a 5% share.

From 2020 to 2021, the average annual growth rate of value to Germany stood at -96.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-95.4% per year) and Malta (-95.4% per year).

Export Prices by Country

In 2021, the average export price for instruments for measuring electrical quantities amounted to $X per unit, dropping by -13.1% against the previous year. Overall, the export price recorded a deep reduction. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then fell in the following year.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+49.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into Egypt

In 2021, after two years of decline, there was significant growth in supplies from abroad of instruments for measuring electrical quantities, when their volume increased by 91% to X units. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 279%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, instruments for measuring electrical quantities imports surged to $X in 2021. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 142%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of instruments for measuring electrical quantities to Egypt, accounting for a 31% share of total imports. Moreover, instruments for measuring electrical quantities imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. The third position in this ranking was taken by Japan (X units), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +33.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+20.6% per year) and Japan (+19.8% per year).

In value terms, China ($X), the United States ($X) and Spain ($X) constituted the largest instruments for measuring electrical quantities suppliers to Egypt, together comprising 34% of total imports. Sweden, Germany, India, Italy, France, the UK, Turkey, Hungary, South Korea and Japan lagged somewhat behind, together accounting for a further 44%.

Hungary, with a CAGR of +46.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for instruments for measuring electrical quantities stood at $X per unit in 2021, waning by -25.8% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2015 an increase of 38%. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :