Updated Nov 15, 2022 03:28

Tractor Market in Egypt

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
In , after three years of growth, there was significant decline in the Egyptian tractor market, when its value decreased by -% to $. Overall, consumption, however, showed a modest expansion. As a result, consumption reached the peak level of $, and then contracted notably in the following year.

In value terms, tractor production amounted to $ in estimated in export price. Over the period under review, production faced a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of %. Tractor production peaked at $ in 2015; however, from 2016 to , production stood at a somewhat lower figure.


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
Tractor consumption in Egypt expanded to units in , surging by % against . Overall, consumption, however, recorded a relatively flat trend pattern. Tractor consumption peaked at units in ; however, from to , consumption remained at a lower figure.

The value of the tractor market in Egypt rose remarkably to $ in , with an increase of % 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). In general, consumption showed pronounced growth. As a result, consumption attained the peak level of $. From to , the growth of the market failed to regain momentum.


Consumption by Type
Please note: Annual data for 2022 are preliminary and subject to revision
Agricultural and forestry tractors ( units), road tractors for semi-trailers ( units) and pedestrian-controlled tractors ( units) were the main products of tractor consumption in Egypt, together accounting for % of the total volume.

From 2007 to , the most notable rate of growth in terms of consumption, amongst the key consumed products, was attained by road tractors for semi-trailers (with a CAGR of +%), while consumption for the other products experienced a decline.

In value terms, road tractors for semi-trailers ($) led the market, alone. The second position in the ranking was held by agricultural and forestry tractors ($). It was followed by pedestrian-controlled tractors.

From 2007 to , the average annual growth rate of the value of road tractors for semi-trailers markets stood at +%. With regard to the other consumed products, the following average annual rates of growth were recorded: agricultural and forestry tractors (-% per year) and pedestrian-controlled tractors (-% per year).


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by rising demand for 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
Please note: Annual data for 2022 are preliminary and subject to revision
Tractor market in Egypt consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Please note: Annual data for 2022 are preliminary and subject to revision
Egypt remains a net importer of 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.