Weaving Machines (Looms) Price in Egypt - 2023
Contents:
- Weaving Machines (Looms) Price in Egypt (CIF) - 2023
- Weaving Machines (Looms) Price in Egypt (FOB) - 2022
- Weaving Machines (Looms) Imports in Egypt
- Weaving Machines (Looms) Exports in Egypt
Weaving Machines (Looms) Price in Egypt (CIF) - 2023
The average weaving machines (looms) import price stood at $43,640 per unit in July 2023, increasing by 55% against the previous month. Overall, import price indicated moderate growth from July 2022 to July 2023: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, weaving machines (looms) import price increased by +84.0% against February 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 121% against the previous month. The import price peaked in July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Romania ($45,115 per unit), while the price for China ($17,735 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Weaving Machines (Looms) Price in Egypt (FOB) - 2022
In 2022, the average weaving machines (looms) export price amounted to $18,390 per unit, reducing by -29% against the previous year. Over the period under review, the export price, however, enjoyed significant growth. The growth pace was the most rapid in 2021 an increase of 9.4% against the previous year. As a result, the export price reached the peak level of $25,910 per unit, and then reduced remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($26,757 per unit), while the average price for exports to Romania ($128 per unit) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+37.1%), while the prices for the other major destinations experienced mixed trend patterns.
Weaving Machines (Looms) Imports in Egypt
Weaving machines (looms) imports into Egypt shrank remarkably to 457 units in 2022, which is down by -57.1% compared with 2021. In general, imports saw a dramatic slump. The most prominent rate of growth was recorded in 2021 when imports increased by 70%. Over the period under review, imports hit record highs at 1.3K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, weaving machines (looms) imports fell dramatically to $11M in 2022. Over the period under review, imports showed a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 71%. Imports peaked at $34M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Weaving Machines (Looms) in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 7.6 | 5.7 | 6.0 | 5.7 | -9.1% |
| Germany | 4.2 | 0.7 | 4.7 | 1.3 | -32.4% |
| China | 3.7 | 1.7 | 1.5 | 1.3 | -29.4% |
| Italy | 5.0 | 3.1 | 9.0 | 0.9 | -43.5% |
| Turkey | 0.8 | 0.1 | 1.7 | 0.6 | -9.1% |
| India | 0.7 | 0.9 | 0.3 | 0.6 | -5.0% |
| Switzerland | 3.0 | N/A | N/A | 0.2 | -59.5% |
| Japan | 5.4 | 1.9 | N/A | 0.1 | -73.5% |
| Others | 3.1 | 2.9 | 6.0 | 0.2 | -59.9% |
| Total | 33.6 | 17.1 | 29.3 | 10.8 | -31.5% |
Top Suppliers of Weaving Machines (Looms) to Egypt in 2022:
- Belgium (238.0 units)
- China (61.0 units)
- Germany (53.0 units)
- Italy (38.0 units)
- India (27.0 units)
- Turkey (26.0 units)
- Switzerland (4.0 units)
- Japan (2.0 units)
Weaving Machines (Looms) Exports in Egypt
Weaving machines (looms) exports from Egypt soared to 23 units in 2022, rising by 92% compared with 2021 figures. In general, exports, however, saw a dramatic curtailment. Over the period under review, the exports hit record highs at 38 units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, weaving machines (looms) exports soared to $423K in 2022. Overall, exports, however, saw a precipitous slump. Over the period under review, the exports reached the maximum at $900K in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
| Export of Weaving Machines (Looms) in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| India | 13.4 | N/A | 241 | 324.1% | |
| Turkey | 873 | 6.0 | 153 | -58.1% | |
| Pakistan | 9.6 | 305 | 25.2 | 62.0% | |
| Italy | N/A | N/A | 4.1 | 0% | |
| Romania | N/A | N/A | 0.1 | 0% | |
| Others | 3.2 | N/A | N/A | 0% | |
| Total | 900 | 311 | 423 | -31.4% | |
Top Export Markets for Weaving Machines (Looms) from Egypt in 2022:
- Turkey (10.0 units)
- India (9.0 units)
- Pakistan (2.0 units)
- Romania (1.0 units)
- Italy (1.0 units)
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