Egypt: Lifting Equipment Market 2024

Lifting Equipment Market Size in Egypt

After five years of growth, the Egyptian lifting equipment market decreased by -8.1% to $X in 2021. In general, consumption saw a perceptible increase. Over the period under review, the market reached the peak level at $X in 2020, and then shrank in the following year.

Lifting Equipment Production in Egypt

In value terms, lifting equipment production fell to $X in 2021 estimated in export price. Over the period under review, production recorded prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 47%. Lifting equipment production peaked at $X in 2020, and then declined in the following year.

Lifting Equipment Exports

Exports from Egypt

In 2021, approx. X units of lifting equipment were exported from Egypt; with a decrease of -20% against 2020 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 80,900%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, lifting equipment exports reduced to $X in 2021. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 895% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units), the Netherlands (X units) and Spain (X units) were the main destinations of lifting equipment exports from Egypt, with a combined 75% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Spain ($X) remains the key foreign market for lifting equipment exports from Egypt, comprising 44% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 8.4% share of total exports. It was followed by Saudi Arabia, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled -52.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+67.8% per year) and Saudi Arabia (-10.5% per year).

Export Prices by Country

In 2021, the average lifting equipment export price amounted to $X per unit, picking up by 15% against the previous year. Over the period under review, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 an increase of 21,634%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Italy ($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 Netherlands (+47.1%), while the prices for the other major destinations experienced mixed trend patterns.

Lifting Equipment Imports

Imports into Egypt

After two years of growth, supplies from abroad of lifting equipment decreased by -26.8% to X units in 2021. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 1,260% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, lifting equipment imports fell notably to $X in 2021. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 5,075% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest lifting equipment supplier to Egypt, accounting for a 37% share of total imports. Moreover, lifting equipment imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X units), threefold. The United States (X units) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-3.5% per year) and the United States (0.0% per year).

In value terms, Austria ($X), Germany ($X) and the United Arab Emirates ($X) constituted the largest lifting equipment suppliers to Egypt, together accounting for 18% of total imports. These countries were followed by Oman, the United States, Belgium, Poland, Italy, Finland, Bulgaria, Saudi Arabia, Kuwait and the Czech Republic, which together accounted for a further 19%.

Belgium, with a CAGR of +126.5%, recorded the highest growth rate of the value of imports, in terms of 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 lifting equipment import price stood at $X per unit in 2021, dropping by -8.2% against the previous year. Over the period under review, the import price, however, showed significant growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 298% against the previous year. The import price peaked at $X per unit in 2020, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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