Egypt: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Egypt

In 2022, the Egyptian grinding and sharpening machine market decreased by -19.2% to $X, falling for the fourth year in a row after two years of growth. In general, consumption recorded a pronounced downturn. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Egypt

In 2022, approx. X units of grinding and sharpening metal finishing machines were exported from Egypt; with a decrease of -55.6% on the previous year. In general, exports showed a sharp contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 150%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, grinding and sharpening machine exports dropped dramatically to $X in 2022. Over the period under review, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2016 with an increase of 795% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units), Cameroon (X units) and Sudan (X units) were the main destinations of grinding and sharpening machine exports from Egypt, together accounting for 75% of total exports.

From 2012 to 2022, the biggest increases were recorded for Cameroon (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding and sharpening machine exported from Egypt were the UK ($X), Russia ($X) and Sudan ($X), together accounting for 97% of total exports.

The UK, with a CAGR of +164.1%, 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

The average grinding and sharpening machine export price stood at $X per unit in 2022, with an increase of 83% against the previous year. Overall, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2014 an increase of 3,998%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Cameroon ($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 Ghana (+3,243.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Egypt

In 2022, overseas purchases of grinding and sharpening metal finishing machines decreased by -22.7% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, imports showed a abrupt downturn. The growth pace was the most rapid in 2014 when imports increased by 279%. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, grinding and sharpening machine imports fell dramatically to $X in 2022. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 428%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of grinding and sharpening machine to Egypt, with a 54% share of total imports. Moreover, grinding and sharpening machine imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by the Czech Republic (X units), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.6% per year) and the Czech Republic (+7.2% per year).

In value terms, Italy ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest grinding and sharpening machine suppliers to Egypt, with a combined 71% share of total imports. The UK, the Czech Republic, Germany and France lagged somewhat behind, together accounting for a further 20%.

The Czech Republic, with a CAGR of +25.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average grinding and sharpening machine import price stood at $X per unit in 2022, increasing by 9.5% against the previous year. Overall, the import price, however, continues to indicate a slight slump. The pace of growth was the most pronounced in 2021 an increase of 75%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+15,153.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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