Egypt: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Egypt

The Egyptian self-propelled excavating machinery market surged to $X in 2021, growing by 1,177% 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). Overall, consumption saw a strong increase. Self-propelled excavating machinery consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Self-Propelled Excavating Machinery Exports

Exports from Egypt

In 2021, approx. X units of self-propelled earth moving, excavating machinery were exported from Egypt; leveling off at the previous year. In general, exports showed a sharp contraction. The most prominent rate of growth was recorded in 2016 with an increase of 200%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, self-propelled excavating machinery exports skyrocketed to $X in 2021. Overall, exports saw a dramatic decline. The growth pace was the most rapid in 2020 when exports increased by 173% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, Saudi Arabia ($X) remains the key foreign market for self-propelled earth moving, excavating machinery exports from Egypt, comprising 10% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 2.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia amounted to -41.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-42.9% per year) and Sudan (-52.1% per year).

Export Prices by Country

In 2015, the average self-propelled excavating machinery export price amounted to $X per unit, shrinking by -24.6% against the previous year. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in 2013 a decrease of -7.2%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2015, 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 the United Arab Emirates ($X per unit), while the average price for exports to Sudan ($X per unit) was amongst the lowest.

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+346.8%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Excavating Machinery Imports

Imports into Egypt

In 2021, the amount of self-propelled earth moving, excavating machinery imported into Egypt skyrocketed to X units, rising by 1,156% compared with the previous year. In general, imports enjoyed a resilient expansion. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, self-propelled excavating machinery imports surged to $X in 2021. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Cyprus (X units) was the main supplier of self-propelled excavating machinery to Egypt, with a 333% share of total imports. It was followed by Germany (X units), with a 2.9% share of total imports. The Netherlands (X units) ranked third in terms of total imports with a 0.5% share.

From 2012 to 2021, the average annual growth rate of volume from Cyprus totaled +107.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.3% per year) and the Netherlands (-32.3% per year).

In value terms, Germany ($X) constituted the largest supplier of self-propelled earth moving, excavating machinery to Egypt, comprising 34% of total imports. The second position in the ranking was held by Cyprus ($X), with a 2.1% share of total imports. It was followed by the Netherlands, with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (+23.9% per year) and the Netherlands (+9.4% per year).

Import Prices by Country

In 2021, the average self-propelled excavating machinery import price amounted to $X per unit, reducing by -3.5% against the previous year. Overall, the import price, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when the average import price increased by 1,666%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat 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 ($X per unit), while the price for Cyprus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+64.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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