Egypt: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Egypt

The Egyptian market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) soared to $X in 2021, increasing by 44% 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, however, recorded a mild decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Egypt

In 2021, approx. X tons of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) were exported from Egypt; which is down by -45.3% on 2020 figures. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 178% against the previous year. The exports peaked at X tons in 2020, and then fell dramatically in the following year.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) contracted remarkably to $X in 2021. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2018 when exports increased by 251% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Egypt, with a 74% share of total exports. Moreover, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Australia exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Australia stood at +38.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+30.7% per year) and Sudan (-2.5% per year).

In value terms, Australia ($X) remains the key foreign market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports from Egypt, comprising 84% of total exports. The second position in the ranking was taken by Sudan ($X), with a 5.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Australia amounted to +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (-4.7% per year) and Saudi Arabia (-6.9% per year).

Export Prices by Country

The average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, which is down by -15.3% against the previous year. Overall, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 37% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (-2.3%), while the prices for the other major destinations experienced a decline.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Egypt

In 2021, the amount of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) imported into Egypt skyrocketed to X tons, growing by 44% on 2020 figures. In general, imports, however, saw a mild curtailment. The pace of growth was the most pronounced in 2013 with an increase of 46%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2021. Over the period under review, imports, however, showed a mild descent. The growth pace was the most rapid in 2013 when imports increased by 133%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of internal combustion engine (excl. diesel, moto vehicle and aircraft) to Egypt, accounting for a 77% share of total imports. Moreover, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), ninefold. The third position in this ranking was taken by Italy (X tons), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+14.5% per year) and Italy (+22.8% per year).

In value terms, China ($X) constituted the largest supplier of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Egypt, comprising 69% of total imports. The second position in the ranking was held by the United States ($X), with a 9.2% share of total imports. It was followed by Japan, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.9% per year) and Japan (-10.6% per year).

Import Prices by Country

The average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, which is down by -2.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 60% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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