Egypt: Spades And Shovels Market 2024

Spades And Shovels Market Size in Egypt

The Egyptian spades and shovels market reduced dramatically to $X in 2021, declining by -49.3% 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 recorded a abrupt descent. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Spades And Shovels Exports

Exports from Egypt

For the third year in a row, Egypt recorded decline in overseas shipments of spades and shovels, which decreased by -37.7% to X tons in 2021. In general, exports continue to indicate a dramatic contraction. The growth pace was the most rapid in 2018 when exports increased by 2,454% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, spades and shovels exports rose to $X in 2021. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 1,966% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Morocco (X kg) was the main destination for spades and shovels exports from Egypt, with a 81% share of total exports. Moreover, spades and shovels exports to Morocco exceeded the volume sent to the second major destination, Sudan (X kg), tenfold. The third position in this ranking was held by Palestine (X kg), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to Morocco stood at -23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+32.6% per year) and Palestine (0.0% per year).

In value terms, Morocco ($X) remains the key foreign market for spades and shovels exports from Egypt, comprising 73% of total exports. The second position in the ranking was held by Sudan ($X), with a 14% share of total exports. It was followed by Palestine, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value to Morocco totaled -14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+43.8% per year) and Palestine (0.0% per year).

Export Prices by Country

The average spades and shovels export price stood at $X per ton in 2021, jumping by 68% against the previous year. In general, the export price posted a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of 76% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+36.5%), while the prices for the other major destinations experienced more modest paces of growth.

Spades And Shovels Imports

Imports into Egypt

In 2021, imports of spades and shovels into Egypt shrank remarkably to X tons, which is down by -58.1% on 2020 figures. In general, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by 182% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, spades and shovels imports dropped notably to $X in 2021. Over the period under review, imports recorded a slight curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by 141%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest spades and shovels supplier to Egypt, with a 57% share of total imports. Moreover, spades and shovels imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+90.0% per year) and the United Arab Emirates (+43.0% per year).

In value terms, China ($X) constituted the largest supplier of spades and shovels to Egypt, comprising 73% of total imports. The second position in the ranking was taken by Brazil ($X), with a 16% share of total imports. It was followed by the United Arab Emirates, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+42.8% per year) and the United Arab Emirates (+5.8% per year).

Import Prices by Country

The average spades and shovels import price stood at $X per ton in 2021, picking up by 40% against the previous year. Over the period under review, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2020 an increase of 177% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+25.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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