Egypt: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Egypt

In 2021, the Egyptian remote control apparatus market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, faced a deep downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Remote Control Apparatus Exports

Exports from Egypt

In 2021, approx. X kg of radio remote control apparatus were exported from Egypt; picking up by 14% against the previous year. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by 175%. The exports peaked at X kg in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, remote control apparatus exports rose rapidly to $X in 2021. Over the period under review, exports, however, showed a deep slump. The growth pace was the most rapid in 2014 with an increase of 62%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Malta (X kg), Canada (X kg) and the United Arab Emirates (X kg) were the main destinations of remote control apparatus exports from Egypt, with a combined 79% share of total exports. These countries were followed by Australia, Jordan, Norway, South Africa, Saudi Arabia, the Netherlands and Ireland, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +100.0%), while the other leaders experienced more modest paces of growth.

In value terms, Malta ($X) remains the key foreign market for radio remote control apparatus exports from Egypt, comprising 33% of total exports. The second position in the ranking was taken by Canada ($X), with a 9.1% share of total exports. It was followed by the United Arab Emirates, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to Malta stood at +58.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+12.7% per year) and the United Arab Emirates (+2.4% per year).

Export Prices by Country

In 2021, the average remote control apparatus export price amounted to $X per kg, which is down by -2.1% against the previous year. Over the period under review, the export price showed a significant curtailment. The most prominent rate of growth was recorded in 2020 an increase of 51%. Over the period under review, the average export prices reached the peak figure at $X per kg in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+76.8%), while the prices for the other major destinations experienced mixed trend patterns.

Remote Control Apparatus Imports

Imports into Egypt

In 2021, purchases abroad of radio remote control apparatus was finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2015 with an increase of 265%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, remote control apparatus imports surged to $X in 2021. Over the period under review, imports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 264%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X kg), China (X kg) and Turkey (X kg) were the main suppliers of remote control apparatus imports to Egypt, with a combined 36% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +80.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Hong Kong SAR ($X) constituted the largest remote control apparatus suppliers to Egypt, with a combined 39% share of total imports. These countries were followed by Tunisia, the Netherlands, Taiwan (Chinese), Denmark, Turkey, Germany, France, the United Arab Emirates, Indonesia and Finland, which together accounted for a further 35%.

Tunisia, with a CAGR of +109.3%, 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 remote control apparatus import price amounted to $X per ton, growing by 9.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2018 an increase of 27%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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