Egypt: Vacuum Pump Market 2024

Vacuum Pump Market Size in Egypt

In 2022, the Egyptian vacuum pump market increased by 25% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, continues to indicate a perceptible shrinkage. Vacuum pump consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Vacuum Pump Exports

Exports from Egypt

In 2022, overseas shipments of vacuum pumps increased by 111% to X units, rising for the second year in a row after four years of decline. Over the period under review, exports showed a pronounced expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,067%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, vacuum pump exports fell remarkably to $X in 2022. Overall, exports saw a perceptible increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,522% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Libya (X units) was the main destination for vacuum pump exports from Egypt, with a 74% share of total exports. Moreover, vacuum pump exports to Libya exceeded the volume sent to the second major destination, Sudan (X units), fourfold. Italy (X units) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (-9.3% per year) and Italy (-18.5% per year).

In value terms, Indonesia ($X) remains the key foreign market for vacuum pumps exports from Egypt, comprising 82% of total exports. The second position in the ranking was held by Libya ($X), with a 4.5% share of total exports. It was followed by Sudan, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia totaled +387.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+2.6% per year) and Sudan (-23.5% per year).

Export Prices by Country

In 2022, the average vacuum pump export price amounted to $X per unit, declining by -82% against the previous year. In general, the export price, however, showed slight growth. The most prominent rate of growth was recorded in 2018 an increase of 530% against the previous year. The export price peaked at $X per unit in 2021, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Libya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+312.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Egypt

After four years of decline, supplies from abroad of vacuum pumps increased by 72% to X units in 2022. Over the period under review, imports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 117% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, vacuum pump imports reached $X in 2022. In general, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2017 when imports increased by 71%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump supplier to Egypt, with a 68% share of total imports. Moreover, vacuum pump imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), ninefold. Germany (X units) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+33.6% per year) and Germany (-14.5% per year).

In value terms, the largest vacuum pump suppliers to Egypt were China ($X), Germany ($X) and the Czech Republic ($X), with a combined 55% share of total imports. Italy, India, Belgium, Finland, Spain, the United States, the UK and Japan lagged somewhat behind, together accounting for a further 32%.

In terms of the main suppliers, Finland, with a CAGR of +60.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vacuum pump import price stood at $X per unit in 2022, with a decrease of -38.3% against the previous year. In general, the import price, however, recorded a slight expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 55%. As a result, import price attained the peak level of $X per unit, and then shrank sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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