Egypt: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in Egypt

The Egyptian motor vehicle engine market shrank sharply to $X in 2021, with a decrease of -21.2% 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, showed a strong increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Motor Vehicle Engine Exports

Exports from Egypt

In 2021, exports of motor vehicle engines (spark-ignition) from Egypt skyrocketed to X tons, growing by 640% compared with the previous year. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, motor vehicle engine exports skyrocketed to $X in 2021. In general, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sudan (X tons) was the main destination for motor vehicle engine exports from Egypt, accounting for a 68% share of total exports. Moreover, motor vehicle engine exports to Sudan exceeded the volume sent to the second major destination, Malaysia (X tons), fivefold. The third position in this ranking was taken by Nigeria (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to Sudan amounted to +56.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+141.1% per year) and Nigeria (+27.9% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for motor vehicle engines (spark-ignition) exports from Egypt, comprising 68% of total exports. The second position in the ranking was taken by Sudan ($X), with a 20% share of total exports. It was followed by Malaysia, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria amounted to +49.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+26.2% per year) and Malaysia (+110.6% per year).

Export Prices by Country

In 2021, the average motor vehicle engine export price amounted to $X per ton, declining by -66.3% against the previous year. In general, the export price continues to indicate a sharp downturn. The most prominent rate of growth was recorded in 2020 an increase of 111%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Nigeria ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+17.1%), while the prices for the other major destinations experienced a decline.

Motor Vehicle Engine Imports

Imports into Egypt

In 2021, approx. X tons of motor vehicle engines (spark-ignition) were imported into Egypt; falling by -23.5% compared with the previous year's figure. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 200%. Imports peaked at X tons in 2020, and then plummeted in the following year.

In value terms, motor vehicle engine imports shrank notably to $X in 2021. In general, imports, however, showed a notable expansion. The pace of growth was the most pronounced in 2018 when imports increased by 75% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest motor vehicle engine supplier to Egypt, accounting for a 55% share of total imports. Moreover, motor vehicle engine imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), tenfold. The third position in this ranking was taken by South Korea (X tons), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+8.4% per year) and South Korea (-2.6% per year).

In value terms, China ($X) constituted the largest supplier of motor vehicle engines (spark-ignition) to Egypt, comprising 41% of total imports. The second position in the ranking was held by India ($X), with an 8.1% share of total imports. It was followed by the United Arab Emirates, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+59.4% per year) and the United Arab Emirates (+10.2% per year).

Import Prices by Country

The average motor vehicle engine import price stood at $X per ton in 2021, growing by 6.2% against the previous year. Over the period under review, the import price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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