Egypt: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Egypt

The Egyptian food manufacture machinery market expanded remarkably to $X in 2021, growing by 8.1% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Food Manufacture Machinery Production in Egypt

In value terms, food manufacture machinery production expanded rapidly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 18%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Food Manufacture Machinery Exports

Exports from Egypt

In 2021, overseas shipments of machinery for the preparation or manufacture of food or drink decreased by -42.5% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 3,600% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, food manufacture machinery exports shrank dramatically to $X in 2021. In general, exports saw a noticeable downturn. The pace of growth appeared the most rapid in 2014 with an increase of 12,035% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for food manufacture machinery exports from Egypt, with a 64% share of total exports. Moreover, food manufacture machinery exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X units), twofold. The third position in this ranking was taken by Saudi Arabia (X units), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+100.0% per year) and Saudi Arabia (-19.4% per year).

In value terms, Oman ($X) remains the key foreign market for machinery for the preparation or manufacture of food or drink exports from Egypt, comprising 53% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by Mozambique, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Oman amounted to +67.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+4.0% per year) and Mozambique (0.0% per year).

Export Prices by Country

The average food manufacture machinery export price stood at $X per unit in 2021, declining by -53.8% against the previous year. Over the period under review, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 264%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Jordan ($X per unit), while the average price for exports to the United Arab Emirates ($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 Libya (+28.3%), while the prices for the other major destinations experienced mixed trend patterns.

Food Manufacture Machinery Imports

Imports into Egypt

In 2021, approx. X units of machinery for the preparation or manufacture of food or drink were imported into Egypt; increasing by 19% on the previous year's figure. Over the period under review, imports enjoyed mild growth. The most prominent rate of growth was recorded in 2018 when imports increased by 346% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, food manufacture machinery imports skyrocketed to $X in 2021. Overall, imports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 315%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

China (X units), Italy (X units) and Japan (X units) were the main suppliers of food manufacture machinery imports to Egypt, with a combined 63% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +98.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest food manufacture machinery suppliers to Egypt were China ($X), Italy ($X) and Japan ($X), with a combined 60% share of total imports.

Among the main suppliers, Japan, with a CAGR of +113.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average food manufacture machinery import price amounted to $X per unit, surging by 31% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, food manufacture machinery import price increased by +41.4% against 2018 indices. The growth pace was the most rapid in 2016 when the average import price increased by 90% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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