Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Egypt - 2022
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Egypt (CIF) - 2022
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Egypt
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Egypt (CIF) - 2022
In 2022, the average import price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $2,135 per unit, dropping by -5.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 72%. Over the period under review, average import prices attained the maximum at $2,662 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Germany ($4,254 per unit), while the price for China ($493 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 (+12.0%), while the prices for the other major suppliers experienced a decline.
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Egypt
In 2022, the amount of furnaces and ovens; industrial or laboratory induction or dielectrics imported into Egypt surged to 804 units, with an increase of 276% on the year before. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics skyrocketed to $1.3M in 2022. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 218% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 79.4 | 12.7 | 30.3 | 309 | 57.3% |
| Italy | 2.2 | 10.1 | 1.9 | 268 | 395.7% |
| Germany | 2.6 | 170 | 450 | 102 | 239.8% |
| United States | 6.4 | 10.9 | 8.7 | 33.7 | 74.0% |
| Others | 450 | 115 | 524 | 614 | 10.9% |
| Total | 541 | 319 | 1,014 | 1,328 | 34.9% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Egypt in 2022:
- China (628.0 units)
- Italy (107.0 units)
- Germany (24.0 units)
- United States (15.0 units)
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