Price for Textile Machinery; Spinning Machines in Egypt - 2023
Contents:
- Price for Textile Machinery; Spinning Machines in Egypt (CIF) - 2022
- Price for Textile Machinery; Spinning Machines in Egypt (FOB) - 2022
- Imports of Textile Machinery; Spinning Machines in Egypt
- Exports of Textile Machinery; Spinning Machines in Egypt
Price for Textile Machinery; Spinning Machines in Egypt (CIF) - 2022
In 2022, the average textile machinery; spinning machines import price amounted to $25,766 per unit, with an increase of 660% against the previous year. In general, the import price enjoyed a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 India ($57,770 per unit), while the price for Italy ($691 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textile Machinery; Spinning Machines in Egypt (FOB) - 2022
The average textile machinery; spinning machines export price stood at $2,929 per unit in 2022, rising by 315% against the previous year. In general, the export price showed significant growth. The most prominent rate of growth was recorded in 2019 an increase of 606%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($45,181 per unit), while the average price for exports to Sudan stood at $443 per unit.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+19.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Textile Machinery; Spinning Machines in Egypt
Textile machinery; spinning machines imports into Egypt contracted remarkably to 1.4K units in 2022, falling by -70.3% against the previous year's figure. Overall, imports continue to indicate a significant contraction. The smallest decline of -4.2% was in 2021. Imports peaked at 19K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, textile machinery; spinning machines imports soared to $37M in 2022. Over the period under review, imports, however, posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Textile Machinery; Spinning Machines in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.7 | 2.9 | 7.7 | 34.1 | 265.2% |
| China | 6.3 | 3.2 | 3.8 | 2.5 | -26.5% |
| Italy | 2.3 | 0.5 | 0.3 | 0.1 | -64.8% |
| Japan | 0.8 | 0.6 | 0.8 | N/A | 0.0% |
| Others | 2.0 | 2.1 | 3.7 | 0.3 | -46.9% |
| Total | 12.1 | 9.4 | 16.4 | 36.9 | 45.0% |
Top Suppliers of Textile Machinery; Spinning Machines to Egypt in 2022:
- China (631.0 units)
- India (590.0 units)
- Italy (180.0 units)
Exports of Textile Machinery; Spinning Machines in Egypt
In 2022, approx. 18 units of textile machinery; spinning machineses were exported from Egypt; growing by 500% on the previous year. Overall, exports, however, faced a abrupt decline. The exports peaked at 25 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, textile machinery; spinning machines exports skyrocketed to $53K in 2022. In general, exports, however, recorded a pronounced contraction. The exports peaked at $60K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Textile Machinery; Spinning Machines in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | N/A | N/A | N/A | 45.2 | 0% |
| Sudan | 2.3 | N/A | N/A | 7.5 | 48.3% |
| Thailand | 2.1 | N/A | N/A | N/A | 0% |
| United Kingdom | 38.2 | N/A | N/A | N/A | 0% |
| Italy | 16.9 | N/A | 2.1 | N/A | -64.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 59.5 | N/A | 2.1 | 52.7 | -4.0% |
Top Export Markets for Textile Machinery; Spinning Machines from Egypt in 2022:
- Sudan (17.0 units)
- Ghana (1.0 units)
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