Egypt: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Egypt

The Egyptian market for pneumatic or hydraulic hand tools contracted to $X in 2021, falling by -10.3% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Pneumatic or hydraulic hand tool consumption peaked at $X in 2020, and then fell in the following year.

Production of Pneumatic Or Hydraulic Hand Tools in Egypt

In value terms, pneumatic or hydraulic hand tool production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 30% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Egypt

In 2021, exports of pneumatic or hydraulic hand tools from Egypt rose markedly to X tons, surging by 11% against the previous year's figure. Over the period under review, exports saw a resilient increase. The growth pace was the most rapid in 2014 when exports increased by 587%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool exports reduced sharply to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 74% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Egypt, accounting for a 79% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to Nigeria exceeded the volume sent to the second major destination, Saudi Arabia (X kg), fourfold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume to Nigeria totaled +199.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+110.5% per year) and the United Arab Emirates (-7.6% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for pneumatic or hydraulic hand tools exports from Egypt, comprising 71% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 16% share of total exports. It was followed by the United Arab Emirates, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria stood at +70.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+100.6% per year) and the United Arab Emirates (-12.1% per year).

Export Prices by Country

In 2021, the average export price for pneumatic or hydraulic hand tools amounted to $X per ton, reducing by -49.2% against the previous year. Overall, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2013 an increase of 128% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the UK ($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 the Netherlands (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Egypt

In 2021, approx. X tons of pneumatic or hydraulic hand tools were imported into Egypt; waning by -3.8% on the year before. Overall, imports, however, saw mild growth. The most prominent rate of growth was recorded in 2018 with an increase of 539% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports rose slightly to $X in 2021. In general, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2018 with an increase of 420% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest pneumatic or hydraulic hand tool supplier to Egypt, accounting for a 30% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. The third position in this ranking was taken by the UK (X tons), with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-13.1% per year) and the UK (+19.2% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Egypt, comprising 28% of total imports. The second position in the ranking was taken by the UK ($X), with an 8.3% share of total imports. It was followed by the United Arab Emirates, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+17.3% per year) and the United Arab Emirates (-7.7% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, growing by 7.1% against the previous year. Overall, the import price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 23%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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