Egypt: Stone Sawing Machine Market 2024

Stone Sawing Machine Market Size in Egypt

The Egyptian stone sawing machine market reduced rapidly to $X in 2021, dropping by -22.1% 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, recorded a slight increase. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Stone Sawing Machine Exports

Exports from Egypt

In 2021, approx. X units of sawing machines for working stone, ceramics and concrete were exported from Egypt; picking up by 1,219% on 2020. Over the period under review, exports continue to indicate significant growth. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, stone sawing machine exports surged to $X in 2021. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 868%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X units), Switzerland (X units) and Lebanon (X units) were the main destinations of stone sawing machine exports from Egypt, together comprising 95% of total exports.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +136.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for sawing machines for working stone, ceramics and concrete exports from Egypt, comprising 44% of total exports. The second position in the ranking was held by Lebanon ($X), with an 11% share of total exports. It was followed by Morocco, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland totaled +98.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+46.5% per year) and Morocco (+6.6% per year).

Export Prices by Country

The average stone sawing machine export price stood at $X per unit in 2021, falling by -48.3% against the previous year. In general, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2019 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Morocco ($X per unit), while the average price for exports to Bolivia ($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 Morocco (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.

Stone Sawing Machine Imports

Imports into Egypt

In 2021, the amount of sawing machines for working stone, ceramics and concrete imported into Egypt contracted dramatically to X units, declining by -35.2% on 2020 figures. Over the period under review, imports, however, posted measured growth. The pace of growth appeared the most rapid in 2013 with an increase of 148% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, stone sawing machine imports shrank to $X in 2021. Overall, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -38.6% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 79% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main stone sawing machine supplier to Egypt, accounting for a 96% share of total imports. It was followed by Italy (X units), with a 0.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +12.6%.

In value terms, China ($X) constituted the largest supplier of sawing machines for working stone, ceramics and concrete to Egypt, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 1.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +5.6%.

Import Prices by Country

In 2021, the average stone sawing machine import price amounted to $X per unit, with an increase of 47% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 87%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.8%).

Source: IndexBox Platform

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