Egypt: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Egypt

The Egyptian milling industry machinery market shrank sharply to $X in 2022, dropping by X% 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). Overall, consumption showed a deep downturn. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Milling Industry Machinery Exports

Exports from Egypt

In 2022, approx. X units of milling industry machinery were exported from Egypt; falling by X% on 2021. In general, exports, however, continue to indicate a notable expansion. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, milling industry machinery exports declined significantly to $X in 2022. Overall, exports, however, posted pronounced growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Saudi Arabia (X units) was the main destination for milling industry machinery exports from Egypt, with a X% share of total exports. Moreover, milling industry machinery exports to Saudi Arabia exceeded the volume sent to the second major destination, Niger (X units), fourfold. The third position in this ranking was taken by Tunisia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (X% per year) and Tunisia (X% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for milling industry machinery exports from Egypt, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the average milling industry machinery export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then dropped markedly in the following year.

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 Saudi Arabia ($X per unit), while the average price for exports to Niger ($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 Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Milling Industry Machinery Imports

Imports into Egypt

In 2022, the amount of milling industry machinery imported into Egypt fell rapidly to X units, which is down by X% compared with 2021. In general, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, milling industry machinery imports shrank rapidly to $X in 2022. Over the period under review, imports showed a abrupt slump. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest milling industry machinery supplier to Egypt, accounting for a X% share of total imports. Moreover, milling industry machinery imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of milling industry machinery to Egypt, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

The average milling industry machinery import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price showed a resilient expansion. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 Italy ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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