Egypt: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Egypt

In 2021, the Egyptian wood milling machine market decreased by -14% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, posted a remarkable increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Wood Milling Machine Exports

Exports from Egypt

In 2021, approx. X units of planing, milling or moulding machines were exported from Egypt; reducing by -68.8% compared with the previous year's figure. Overall, exports faced a abrupt setback. The pace of growth was the most pronounced in 2018 when exports increased by 542%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood milling machine exports dropped significantly to $X in 2021. In general, exports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 850% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units), Oman (X units) and Palestine (X units) were the main destinations of wood milling machine exports from Egypt, with a combined 80% share of total exports. Moreover, wood milling machine exports in the United Arab Emirates exceeded the figures recorded by the second-largest exporter, Oman, twofold.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +8.0%), while shipments for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) remains the key foreign market for planing, milling or moulding machines exports from Egypt, comprising 44% of total exports. The second position in the ranking was held by Oman ($X), with a 22% share of total exports. It was followed by Palestine, with a 21% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-9.1% per year) and Palestine (-25.7% per year).

Export Prices by Country

The average wood milling machine export price stood at $X per unit in 2021, with a decrease of -21.9% against the previous year. Over the period under review, the export price recorded a deep setback. The growth pace was the most rapid in 2017 when the average export price increased by 53%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Kuwait ($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 Saudi Arabia (+4.8%), while the prices for the other major destinations experienced a decline.

Wood Milling Machine Imports

Imports into Egypt

In 2021, supplies from abroad of planing, milling or moulding machines decreased by -37.5% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 57%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, wood milling machine imports rose markedly to $X in 2021. Overall, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 86%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Poland (X units) and Italy (X units) were the main suppliers of wood milling machine imports to Egypt, together comprising 95% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +77.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of planing, milling or moulding machines to Egypt, comprising 23% of total imports. The second position in the ranking was held by Poland ($X), with a 9.1% share of total imports. It was followed by Italy, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+80.5% per year) and Italy (+2.8% per year).

Import Prices by Country

In 2021, the average wood milling machine import price amounted to $X per unit, surging by 70% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood milling machine import price increased by +103.2% against 2017 indices. As a result, import price attained 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 Italy ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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