Egypt: Machinery For Packing Market 2024

Machinery For Packing Market Size in Egypt

In 2022, the Egyptian machinery for packing market decreased by -20% to $X, falling for the third consecutive year after two years of growth. In general, consumption continues to indicate a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Machinery For Packing Exports

Exports from Egypt

Machinery for packing exports from Egypt surged to X units in 2022, picking up by 122% compared with 2021. In general, exports recorded significant growth. The growth pace was the most rapid in 2015 when exports increased by 491%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, machinery for packing exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 518% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X units), Iraq (X units) and Morocco (X units) were the main destinations of machinery for packing exports from Egypt, together accounting for 69% of total exports. Italy, Saudi Arabia, Libya, Lebanon and Germany lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of +155.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machinery for packing exported from Egypt were Iraq ($X), Morocco ($X) and the United Arab Emirates ($X), together accounting for 62% of total exports. Italy, Saudi Arabia, Libya, Lebanon and Germany lagged somewhat behind, together accounting for a further 32%.

Lebanon, with a CAGR of +126.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average machinery for packing export price amounted to $X per unit, reducing by -30.5% against the previous year. Over the period under review, the export price recorded a mild curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 204%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United Arab Emirates ($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 Uganda (+128.1%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery For Packing Imports

Imports into Egypt

In 2022, supplies from abroad of machinery for packing or wrapping decreased by -15.1% to X units, falling for the third consecutive year after two years of growth. Overall, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2013 when imports increased by 27% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machinery for packing imports fell sharply to $X in 2022. In general, imports recorded a deep slump. The growth pace was the most rapid in 2013 when imports increased by 27%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of machinery for packing imports to Egypt, together accounting for 82% of total imports. Turkey, Spain, the Netherlands, South Korea and Sweden lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +23.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and China ($X) constituted the largest machinery for packing suppliers to Egypt, together accounting for 82% of total imports. Turkey, Spain, the Netherlands, South Korea and Sweden lagged somewhat behind, together comprising a further 15%.

The Netherlands, with a CAGR of +20.5%, recorded the highest growth rate of 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 machinery for packing import price stood at $X per unit in 2022, which is down by -3.7% against the previous year. Overall, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 8.8% against the previous year. 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 highest price was recorded for prices from the Netherlands ($X per unit) and Italy ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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