Egypt: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Egypt

The Egyptian full-rotation excavator market surged to $X in 2021, picking up by 946% against the previous year. In general, consumption continues to indicate a significant expansion. Full-rotation excavator consumption peaked in 2021 and is expected to retain growth in the immediate term.

Full-Rotation Excavator Production in Egypt

In value terms, full-rotation excavator production expanded notably to $X in 2021 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.0% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by 55% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Full-Rotation Excavator Exports

Exports from Egypt

In 2021, full-rotation excavator exports from Egypt surged to X units, jumping by 75% on the previous year's figure. Overall, exports recorded buoyant growth. The growth pace was the most rapid in 2018 with an increase of 225% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, full-rotation excavator exports contracted markedly to $X in 2021. Over the period under review, exports recorded a perceptible expansion. The pace of growth was the most pronounced in 2018 when exports increased by 670% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for full-rotation excavator exports from Egypt, with a approx. 71% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +12.1%.

In value terms, the Netherlands ($X) remains the key foreign market for self-propelled full-rotation excavators and bulldozers exports from Egypt, comprising 119% of total exports. The second position in the ranking was held by Nigeria ($X), with a 4.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to +50.6%.

Export Prices by Country

The average full-rotation excavator export price stood at $X per unit in 2021, reducing by -56.9% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2018 when the average export price increased by 137% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average 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 Nigeria ($X per unit), while the average price for exports to the Netherlands amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+6.2%).

Full-Rotation Excavator Imports

Imports into Egypt

In 2021, full-rotation excavator imports into Egypt soared to X units, growing by 822% on 2020 figures. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, full-rotation excavator imports skyrocketed to $X in 2021. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main full-rotation excavator supplier to Egypt, accounting for a 154% share of total imports. Moreover, full-rotation excavator imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Japan (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +58.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.5% per year) and Japan (-3.6% per year).

In value terms, Germany ($X), China ($X) and Japan ($X) constituted the largest full-rotation excavator suppliers to Egypt, together comprising 87% of total imports.

China, with a CAGR of +56.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average full-rotation excavator import price stood at $X per unit in 2021, growing by 56% against the previous year. Overall, the import price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 529%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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