Price for Tractors; (Other than Tractors of Heading No 8709) in Egypt - 2023

Contents:

1. Price for Tractors; (Other than Tractors of Heading No 8709) in Egypt (CIF) - 2023
2. Price for Tractors; (Other than Tractors of Heading No 8709) in Egypt (FOB) - 2022
3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Egypt
4. Exports of Tractors; (Other than Tractors of Heading No 8709) in Egypt

Price for Tractors; (Other than Tractors of Heading No 8709) in Egypt (CIF) - 2023

In November 2023, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $60,342 per unit, picking up by 38% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 89% month-to-month. The import price peaked at $65,316 per unit in January 2023; afterwards, it flattened through to November 2023.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($65,593 per unit), while the price for the United States ($18,704 per unit) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Tractors; (Other than Tractors of Heading No 8709) in Egypt (FOB) - 2022

The average export price for tractors; (other than tractors of heading no 8709)s stood at $10,811 per unit in 2022, with a decrease of -59.2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 1,366% against the previous year. As a result, the export price attained the peak level of $44,094 per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($34,972 per unit), while the average price for exports to Germany ($77 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 Iraq (+51.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tractors; (Other than Tractors of Heading No 8709) in Egypt

In 2022, supplies from abroad of tractors; (other than tractors of heading no 8709)s decreased by -49.7% to 3.6K units, falling for the second year in a row after two years of growth. In general, imports recorded a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. As a result, imports attained the peak of 13K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of tractors; (other than tractors of heading no 8709)s dropped rapidly to $148M in 2022. Overall, imports faced a sharp downturn. The smallest decline of -15.9% was in 2020. Over the period under review, imports of attained the maximum at $332M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Egypt in 2022:

1. Germany (1894.0 units)
2. China (514.0 units)
3. Japan (181.0 units)
4. Belarus (118.0 units)
5. Greece (109.0 units)
6. Romania (106.0 units)
7. South Korea (89.0 units)
8. France (78.0 units)
9. Italy (65.0 units)
10. Sweden (65.0 units)
11. India (60.0 units)
12. Spain (38.0 units)
13. Serbia (33.0 units)

Exports of Tractors; (Other than Tractors of Heading No 8709) in Egypt

In 2022, after two years of decline, there was significant growth in shipments abroad of tractors; (other than tractors of heading no 8709)s, when their volume increased by 200% to 6 units. Over the period under review, exports, however, recorded a significant decrease. The exports peaked at 23 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of tractors; (other than tractors of heading no 8709)s surged to $65K in 2022. In general, exports, however, continue to indicate a sharp curtailment. The exports peaked at $267K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Egypt in 2022:

1. South Africa (1.0 units)
2. Sudan (1.0 units)
3. United Arab Emirates (1.0 units)
4. Jordan (1.0 units)
5. Germany (1.0 units)
6. Iraq (1.0 units)

Source: IndexBox Market Intelligence Platform