Overview of the Market for Machine-Tool For Removing Material in Egypt
The size of the machine-tool for removing material market in Egypt shrank markedly to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when the market value increased by % y-o-y. Over the period under review, the market hit record highs at $ in 2016; however, from 2017 to , consumption failed to regain the momentum.