Cranes; Tower Cranes Price in Egypt - 2023
Contents:
- Cranes; Tower Cranes Price in Egypt (CIF) - 2022
- Cranes; Tower Cranes Price in Egypt (FOB) - 2022
- Cranes; Tower Cranes Imports in Egypt
- Cranes; Tower Cranes Exports in Egypt
Cranes; Tower Cranes Price in Egypt (CIF) - 2022
The average cranes; tower cranes import price stood at $39,688 per unit in 2022, waning by -4.7% against the previous year. Overall, the import price, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2014 an increase of 49%. The import price peaked at $62,918 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kuwait ($345,239 per unit), while the price for Norway ($10,158 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Cranes; Tower Cranes Price in Egypt (FOB) - 2022
In 2022, the average cranes; tower cranes export price amounted to $14,170 per unit, with an increase of 8.9% against the previous year. In general, the export price, however, showed a slight decline. The pace of growth appeared the most rapid in 2014 an increase of 458% against the previous year. As a result, the export price attained the peak level of $65,734 per unit. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Sudan.
From 2012 to 2022, the rate of growth in terms of prices for Sudan amounted to -4.5% per year.
Cranes; Tower Cranes Imports in Egypt
In 2022, approx. 352 units of cranes; tower craneses were imported into Egypt; growing by 10% on 2021. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 11%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, cranes; tower cranes imports rose to $14M in 2022. Overall, imports, however, continue to indicate a abrupt setback. Imports peaked at $19M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Cranes; Tower Cranes in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.9 | 3.9 | 2.3 | 4.0 | -26.1% |
| Norway | 1.7 | 2.3 | 2.3 | 2.3 | 10.6% |
| Kuwait | 1.5 | 2.0 | 2.0 | 1.9 | 8.2% |
| Germany | 0.6 | 0.2 | 1.8 | 1.5 | 35.7% |
| Italy | 1.5 | 1.7 | 0.2 | 0.8 | -18.9% |
| Saudi Arabia | 0.1 | 0.1 | 0.4 | 0.7 | 91.3% |
| South Korea | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
| Others | 2.9 | 4.0 | 4.0 | 2.6 | -3.6% |
| Total | 18.5 | 14.6 | 13.3 | 14.0 | -8.9% |
Top Suppliers of Cranes; Tower Cranes to Egypt in 2022:
- Norway (222.0 units)
- Italy (42.0 units)
- China (24.0 units)
- Saudi Arabia (19.0 units)
- Germany (11.0 units)
- South Korea (8.0 units)
- Kuwait (6.0 units)
Cranes; Tower Cranes Exports in Egypt
In 2022, shipments abroad of cranes; tower craneses decreased by 0% to 2 units, falling for the second year in a row after two years of growth. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 300% against the previous year. As a result, the exports attained the peak of 4 units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cranes; tower cranes exports soared to $25K in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 81%. As a result, the exports attained the peak of $31K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cranes; Tower Cranes in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 16.9 | 2.1 | 13.6 | 25.0 | 13.9% |
| Bulgaria | N/A | N/A | 7.4 | N/A | 0% |
| Burundi | N/A | 26.7 | N/A | N/A | 0% |
| Others | N/A | 1.7 | N/A | N/A | 0% |
| Total | 16.9 | 30.5 | 20.9 | 25.0 | 13.9% |
Top Export Markets for Cranes; Tower Cranes from Egypt in 2022:
- Sudan (2.0 units)
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