Egypt: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in Egypt

In 2022, the Egyptian electrical board and console market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Production of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding X V in Egypt

In value terms, electrical board and console production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports from Egypt

In 2022, the amount of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v exported from Egypt soared to X units, picking up by X% on 2021. Overall, exports posted moderate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical board and console exports soared to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for electrical board and console exports from Egypt, with a X% share of total exports. Moreover, electrical board and console exports to the United Arab Emirates exceeded the volume sent to the second major destination, Russia (X units), threefold. The third position in this ranking was taken by Saudi Arabia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Saudi Arabia (X% per year).

In value terms, the largest markets for electrical board and console exported from Egypt were Russia ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together comprising X% of total exports.

Russia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical board and console export price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price saw a noticeable reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to the United Arab Emirates ($X 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 Zambia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports into Egypt

Electrical board and console imports into Egypt reduced sharply to X units in 2022, dropping by X% against 2021 figures. Overall, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then contracted markedly in the following year.

In value terms, electrical board and console imports contracted sharply to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

Norway (X units), China (X units) and South Korea (X units) were the main suppliers of electrical board and console imports to Egypt, together comprising X% of total imports. Germany, Hungary, Italy, Turkey, France, the UK, the United States, the United Arab Emirates and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), China ($X) and South Korea ($X) were the largest electrical board and console suppliers to Egypt, with a combined X% share of total imports. Germany, Hungary, Italy, Turkey, France, the UK, the United States, the United Arab Emirates and Spain lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical board and console import price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price saw a mild decrease. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per unit) and the United States ($X per unit), while the price for the United Arab Emirates ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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