Snow Motor Vehicle Market in Egypt
Market Overview
In 
, the Egyptian snow motor vehicle market was finally on the rise to reach $ for the first time since 2019, thus ending a two-year declining trend. Overall, consumption posted significant growth. Snow motor vehicle consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.
, the Egyptian snow motor vehicle market was finally on the rise to reach $ for the first time since 2019, thus ending a two-year declining trend. Overall, consumption posted significant growth. Snow motor vehicle consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.Consumption
After two years of decline, consumption of motor vehicles for travelling on snow or golf cars increased by % to units in . Overall, consumption recorded significant growth. Snow motor vehicle consumption peaked at units in 2019; however, from to , consumption remained at a lower figure.
The value of the snow motor vehicle market in Egypt rose notably to $ in , growing 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 enjoyed a significant increase. Over the period under review, the market reached the peak level at $ in 2019; however, from to , consumption stood at a somewhat lower figure.
% to units in . Overall, consumption recorded significant growth. Snow motor vehicle consumption peaked at units in 2019; however, from to , consumption remained at a lower figure.The value of the snow motor vehicle market in Egypt rose notably to $
in , growing 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 enjoyed a significant increase. Over the period under review, the market reached the peak level at $ in 2019; however, from to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for motor vehicles for travelling on snow or golf cars in Egypt, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding 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 .
% 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
Snow motor vehicle market in Egypt consists almost entirely of imported products.
Trade Balance
Egypt remains a net importer of snow motor vehicle; 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.
. 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.
Download XLSX
Download all the data in the form of a report