After two years of growth,
Egypt’s haulage and
overhead cranes market fell -X% to $X in 2021. However, consumption continued to expand moderately during the period under review. During the period under review, the market peaked at $X in 2020 before contracting sharply the following year.
Egyptian bridge crane and gantry crane export scale
After two years of growth, overseas shipments of haulage, gantry and overhead cranes fell -X% to X units in 2021. Overall, exports fell sharply. The rate of growth was most pronounced in 2019, with an X% increase over the previous year. Exports peaked at X units in 2015; however, from 2016 to 2021, export volumes were at lower levels.
Exports of transport and overhead cranes contract sharply to $X in 2021 in value terms. During the review period, exports fell sharply. The most significant growth rate occurred in 2019, with an X% increase compared to the previous year. During the period under review,
10 ton gantry crane exports peaked at $X in 2020, then declined significantly the following year.
Turkey (X units) is the main destination for transport cranes and overhead cranes exported from Egypt, accounting for about X% of total exports. From 2012 to 2021, the average annual growth rate of cargo volumes to Turkey is -X%.
In value terms, Turkey ($X) remains the main foreign market for Egyptian transport and overhead crane exports. Average annual value growth to Turkey from 2012 to 2021 -X%.
Egypt bridge crane and gantry crane import scale
In 2021, after two years of growth, overseas purchases of haulage cranes, gantry cranes and overhead cranes fell significantly, with the number decreasing by -X% to X units. Overall, however, imports showed a relatively flat trend pattern. The most significant growth rate occurred in 2019, when imports increased by X% over the previous year. Imports peaked at X units in 2020 before falling significantly the following year.
In value terms, the import of transport cranes and overhead cranes will drop significantly to $X in 2021. But overall, there has been a sudden drop in imports. The most significant growth rate occurred in 2015, with an X% year-over-year increase. As a result, imports peaked at X dollars. Import growth will remain low between 2016 and 2021.
Bulgaria (X units), Turkey (X units) and Finland (X units) are the main suppliers of haulage and overhead crane imports to Egypt, together accounting for X% of total imports.
From 2012 to 2021, the largest increase was in Turkey (+X%), while other leaders saw more modest growth in purchasing.
Ireland ($X) is the largest supplier of transport and overhead cranes to Egypt by value, accounting for X% of total imports. In second place is Bulgaria ($X) with X% of total imports. It is followed by Finland with an X% share.
Average annual value growth in Ireland from 2012 to 2021 has been relatively modest. The average annual growth rates of imports by the remaining suppliers are as follows: Bulgaria (-X% per annum) and Finland (-X% per annum).
Statistics of various crane suppliers in Egypt
Ireland is Egypt’s largest supplier of transport and overhead cranes by value, accounting for 41% of total imports. In second place is Bulgaria with 6.8% of total imports. It is followed by Finland with a share of 5.9%.
In terms of value, Turkey remains the main foreign market for Egyptian transport and overhead crane exports.
In 2021, the average export price of transport and overhead cranes will be $4,038 per unit, down -7.7% from the previous year.
In 2021, the average import price of transport and overhead cranes is $12,676 per unit, an increase of 133% from the previous year.
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Egypt Overhead Cranes and Gantry Cranes Market Study 2022