Egypt: Passenger Car Market 2024

Passenger Car Market Size in Egypt

In 2021, the Egyptian passenger car market decreased by -75.9% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption recorded a pronounced slump. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Passenger Car Production in Egypt

In value terms, passenger car production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 71% against the previous year. Passenger car production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Passenger Car Exports

Exports from Egypt

In 2021, shipments abroad of passenger cars increased by 244% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2013 when exports increased by 2,794%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, passenger car exports shrank modestly to $X in 2021. Overall, exports posted a slight increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,743%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Palestine (X units) was the main destination for passenger car exports from Egypt, accounting for a 170% share of total exports. Moreover, passenger car exports to Palestine exceeded the volume sent to the second major destination, China (X units), sixfold. The third position in this ranking was held by Sudan (X units), with a 25% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Palestine stood at +184.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-3.8% per year) and Sudan (-11.2% per year).

In value terms, the largest markets for passenger car exported from Egypt were China ($X), Libya ($X) and Sudan ($X), with a combined 59% share of total exports. Palestine, Belgium, the United Arab Emirates, the UK and Germany lagged somewhat behind, together comprising a further 31%.

In terms of the main countries of destination, Palestine, with a CAGR of +170.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average passenger car export price amounted to $X per unit, dropping by -71.3% against the previous year. Over the period under review, the export price, however, posted a strong increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 1,070% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Libya ($X per unit), while the average price for exports to Palestine ($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 the UK (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Imports

Imports into Egypt

In 2021, overseas purchases of passenger cars decreased by -89.7% to X units, falling for the third year in a row after two years of growth. In general, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 133%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, passenger car imports expanded rapidly to $X in 2021. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 102% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), South Korea (X units) and India (X units) were the main suppliers of passenger car imports to Egypt.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +70.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest passenger car suppliers to Egypt were Germany ($X), the Czech Republic ($X) and China ($X), with a combined 42% share of total imports. Turkey, South Korea, France, Slovakia, India, Japan and Morocco lagged somewhat behind, together accounting for a further 42%.

Turkey, with a CAGR of +41.3%, recorded the highest growth rate of the value of imports, in terms of 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 passenger car import price amounted to $X per unit, increasing by 1,000% against the previous year. In general, the import price continues to indicate resilient growth. As a result, import price reached the peak level and is likely to continue 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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