Egypt: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Egypt

The Egyptian machine tool for metal market declined sharply to $X in 2021, reducing by -64.7% 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 saw a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Egypt

In 2021, overseas shipments of machine tools for working metal without removing metal decreased by 0% to X units, falling for the third year in a row after four years of growth. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 60%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, machine tool for metal exports soared to $X in 2021. In general, exports saw a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by 103%. 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

Algeria (X units) and Italy (X units) were the main destinations of machine tool for metal exports from Egypt. Moreover, machine tool for metal exports in Algeria exceeded the figures recorded by the second-largest exporter, Italy, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (with a CAGR of +8.0%).

In value terms, Italy ($X) and Algeria ($X) were the largest markets for machine tool for metal exported from Egypt worldwide.

Among the main countries of destination, Algeria, with a CAGR of +20.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the average machine tool for metal export price amounted to $X per unit, increasing by 50% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 185%. As a result, the export price reached the peak level of $X per unit; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Algeria amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+43.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Egypt

Machine tool for metal imports into Egypt shrank remarkably to X units in 2021, which is down by -63.6% compared with the previous year's figure. In general, imports continue to indicate a slight decline. The pace of growth was the most pronounced in 2018 when imports increased by 134%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, machine tool for metal imports fell notably to $X in 2021. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of 67% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X units) constituted the largest machine tool for metal supplier to Egypt, accounting for a 82% share of total imports. Moreover, machine tool for metal imports from Thailand exceeded the figures recorded by the second-largest supplier, South Korea (X units), ninefold. The third position in this ranking was held by Japan (X units), with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled +99.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-18.2% per year) and Japan (+31.8% per year).

In value terms, Thailand ($X) constituted the largest supplier of machine tools for working metal without removing metal to Egypt, comprising 49% of total imports. The second position in the ranking was held by South Korea ($X), with a 9.8% share of total imports. It was followed by Japan, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand totaled +66.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+3.0% per year) and Japan (+9.8% per year).

Import Prices by Country

In 2021, the average machine tool for metal import price amounted to $X per unit, dropping by -8.7% against the previous year. In general, the import price saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 an increase of 59% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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