Updated Jan 31, 2023 23:51

Pedestrian-Controlled Tractor Market in Egypt

Market Overview
In , the Egyptian pedestrian-controlled tractor market decreased by -% to $, falling for the second consecutive year after four years of growth. Overall, consumption showed a noticeable slump. Over the period under review, the market attained the maximum level at $ in ; however, from to , consumption remained at a lower figure.


Consumption
In , consumption of pedestrian-controlled tractors decreased by -% to units, falling for the second year in a row after four years of growth. Over the period under review, consumption showed a noticeable reduction. Pedestrian-controlled tractor consumption peaked at units in ; however, from to , consumption stood at a somewhat lower figure.

The size of the pedestrian-controlled tractor market in Egypt reduced dramatically to $ in , declining 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). Overall, consumption saw a noticeable downturn. Over the period under review, the market hit record highs at $ in ; however, from to , consumption stood at a somewhat lower figure.


Market Forecast
Driven by rising demand for pedestrian-controlled tractor in Egypt, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Pedestrian-controlled tractor market in Egypt consists almost entirely of imported products.


Trade Balance
Egypt remains a net importer of pedestrian-controlled tractor; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.