The Egyptian crane market surged to $X in 2020, an increase of X% over the previous year. Consumption continued to show resilient growth during the period under review. The fastest growth rate in 2016, an increase of X% year-on-year. As a result, spending reached the highest level of X dollars. From 2017 to 2020, the market growth rate remained at a low level.
In value terms, crane production in 2020 fell to an estimated $X at export prices. Overall, however, production continued to show a severe decline. The most significant growth rate was in 2009, which was -X% lower than the previous year. During the period under review, production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain momentum.
Egyptian crane export scale
After four years of growth, overseas shipments of cranes, mobile cranes fell -X% to X units in 2020. Overall, exports contracted modestly. The growth rate was most pronounced in 2014, with exports increasing by X% year-on-year. During the period under review, exports peaked at X units in 2019, before falling sharply the following year.
Crane exports fell sharply to $X in 2020 by value. Overall, exports fell sharply. The most notable growth rate occurred in 2017, with an X% increase compared to the previous year. As a result, exports peaked at X dollars. From 2018 to 2020, export growth remained low.
Saudi Arabia (X units) is the main destination for Egyptian crane exports, accounting for X% of total exports. In addition, the number of cranes exported to Saudi Arabia exceeded nine times the number exported to Kenya (X units), the second major destination.
From 2007 to 2020, the average annual growth rate of exports to Saudi Arabia was +X%.
In terms of value, Saudi Arabia ($X) emerged as the main foreign market for Egyptian crane exports, accounting for X% of total exports. In second place is Kenya ($X) with X% of total exports.
From 2007 to 2020, the value to Saudi Arabia has grown at an average annual rate of -X%.
Egyptian crane import scale
In 2020, the supply of cranes and mobile cranes from abroad increased by X% to X units for the first time since 2016, ending a three-year downward trend. Overall, imports have grown significantly. The most significant growth rate was recorded in 2016, with a year-on-year increase of X%. As a result, imports peaked at X units. Import growth remained low between 2017 and 2020.
Crane imports contracted sharply to $X in 2020 in value terms. Overall, imports have grown significantly. 2016 saw the fastest growth, with imports increasing by X% year-on-year. As a result, imports peaked at X dollars. Import growth remained low between 2017 and 2020.
In 2020, Italy (X units) was the largest crane supplier to Egypt, accounting for X% of total imports. In addition, the number of cranes imported from Italy was more than double the number recorded by the second largest supplier, France (X units). In third place is China (X units) with an X% share.
From 2007 to 2020, the average annual growth rate of sales in Italy reached +X%. The average annual growth rates of imports for the remaining suppliers are as follows: France (+X% per annum) and China (+X% per annum).
Egypt’s largest crane suppliers by value are Italy ($X), China ($X) and France ($X), which together account for X% of total imports. Austria, Germany, the United States, Sweden, and South Korea experienced a more modest pace of growth in purchases compared to import values during the period under review.
Statistics of various crane suppliers in Egypt
Italy, China and France are Egypt’s largest crane suppliers by value, together accounting for 58% of total imports. Austria, Germany, the United States, Sweden, South Korea, Turkey, Belgium and Japan are slightly behind with a combined 31%.
In terms of value, Saudi Arabia emerged as the main foreign market for Egyptian crane exports, accounting for 94% of total exports. In second place is Kenya, which accounts for 6% of total exports.
In 2020, the average export price of cranes was US$4,220 per unit, an increase of 278% over the previous year.
The average import price for cranes in 2020 was $4,724 per unit, a -32% decrease from the previous year.
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