Egypt: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Egypt

The Egyptian market for machine-tools for working stone, ceramics, and concrete was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption recorded pronounced growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Egypt

In 2022, overseas shipments of machine-tools for working stone, ceramics, and concrete decreased by -46.2% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 300% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then contracted significantly in the following year.

In value terms, machine tools for working stone exports contracted significantly to $X in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 618% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Libya (X units) was the main destination for machine tools for working stone exports from Egypt, accounting for a 79% share of total exports. Moreover, machine tools for working stone exports to Libya exceeded the volume sent to the second major destination, Spain (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya stood at +634.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and Sudan (-8.1% per year).

In value terms, Libya ($X) emerged as the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Egypt, comprising 80% of total exports. The second position in the ranking was held by Spain ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Libya totaled +369.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and Sudan (-16.7% per year).

Export Prices by Country

In 2022, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, shrinking by -10.1% against the previous year. In general, the export price, however, showed slight growth. The most prominent rate of growth was recorded in 2020 an increase of 212%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Libya ($X per unit), while the average price for exports to Sudan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Egypt

In 2022, supplies from abroad of machine-tools for working stone, ceramics, and concrete was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded notable growth. The pace of growth was the most pronounced in 2016 with an increase of 138%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, machine tools for working stone imports amounted to $X in 2022. In general, imports posted a notable increase. The growth pace was the most rapid in 2016 when imports increased by 137% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest machine tools for working stone supplier to Egypt, accounting for a 83% share of total imports. Moreover, machine tools for working stone imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-11.8% per year) and Poland (0.0% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Egypt, comprising 83% of total imports. The second position in the ranking was held by Italy ($X), with a 6.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-13.2% per year) and Poland (0.0% per year).

Import Prices by Country

In 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, remaining stable against the previous year. In general, the import price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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