Egypt: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Egypt

The Egyptian mechanical shovel and excavator market declined markedly to $X in 2021, waning by -16.8% 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). Over the period under review, consumption, however, posted slight growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Egypt

Mechanical shovel and excavator exports from Egypt expanded notably to X units in 2021, picking up by 8.3% compared with the previous year. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 150%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, mechanical shovel and excavator exports soared to $X in 2021. Over the period under review, exports posted buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 484% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), Tanzania (X units) and Kuwait (X units) were the main destinations of mechanical shovel and excavator exports from Egypt, with a combined 85% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +10.7%), while the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X) emerged as the key foreign market for mechanical shovels, excavators and shovel loaders exports from Egypt, comprising 53% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 25% share of total exports. It was followed by Saudi Arabia, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Tanzania amounted to +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+4.8% per year) and Saudi Arabia (-9.8% per year).

Export Prices by Country

In 2021, the average mechanical shovel and excavator export price amounted to $X per unit, rising by 57% against the previous year. In general, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 134% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, 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 Tanzania ($X per unit), while the average price for exports to Kuwait ($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 Spain (+20.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Egypt

For the third consecutive year, Egypt recorded decline in supplies from abroad of mechanical shovels, excavators and shovel loaders, which decreased by -22.6% to X units in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 914%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, mechanical shovel and excavator imports contracted modestly to $X in 2021. Overall, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 74% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), Japan (X units) and Belgium (X units) were the main suppliers of mechanical shovel and excavator imports to Egypt, together comprising 58% of total imports. South Korea, China, Saudi Arabia, Italy, the Czech Republic and Germany lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +55.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical shovel and excavator suppliers to Egypt were the United States ($X), Belgium ($X) and Japan ($X), together accounting for 56% of total imports. These countries were followed by South Korea, China, Italy, Germany, the Czech Republic and Saudi Arabia, which together accounted for a further 15%.

The Czech Republic, with a CAGR of +24.0%, saw 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

In 2021, the average mechanical shovel and excavator import price amounted to $X per unit, with an increase of 29% against the previous year. In general, the import price enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2015 an increase of 268%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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