Egypt: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Egypt

The Egyptian machine-tool for working metal market surged to $X in 2021, rising by 54% 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). Overall, consumption enjoyed resilient growth. Machine-tool for working metal consumption peaked in 2021 and is likely to continue growth in years to come.

Exports of Machine Tools For Working Metal

Exports from Egypt

After two years of decline, overseas shipments of machine tools for working metal increased by 105% to X units in 2021. In general, exports, however, showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 950%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working metal exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 1,245%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Bahrain (X units), Angola (X units) and Saudi Arabia (X units) were the main destinations of machine-tool for working metal exports from Egypt, with a combined 47% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +27.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Algeria ($X) and Saudi Arabia ($X) appeared to be the largest markets for machine-tool for working metal exported from Egypt worldwide, with a combined 43% share of total exports. These countries were followed by Bahrain, Angola, Portugal, Turkey, China, Italy, the United Arab Emirates, Kuwait, Oman and Israel, which together accounted for a further 46%.

Among the main countries of destination, Portugal, with a CAGR of +64.9%, 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

In 2021, the average machine-tool for working metal export price amounted to $X per unit, rising by 37% against the previous year. In general, the export price recorded a remarkable increase. The growth pace was the most rapid in 2020 when the average export price increased by 302%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was India ($X per unit), while the average price for exports to Israel ($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 Portugal (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Egypt

Machine-tool for working metal imports into Egypt skyrocketed to X units in 2021, rising by 31% compared with the previous year's figure. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 77%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, machine-tool for working metal imports skyrocketed to $X in 2021. Over the period under review, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of machine-tool for working metal imports to Egypt, with a combined 70% share of total imports. These countries were followed by Turkey, South Korea, India and Taiwan (Chinese), which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +31.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Turkey ($X) constituted the largest machine-tool for working metal suppliers to Egypt, together comprising 41% of total imports. These countries were followed by Germany, South Korea, India and Taiwan (Chinese), which together accounted for a further 16%.

India, with a CAGR of +32.6%, 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 machine-tool for working metal import price stood at $X per unit in 2021, with an increase of 23% against the previous year. In general, the import price, however, recorded a mild slump. The pace of growth appeared the most rapid in 2013 an increase of 27%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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