Truck Market in Egypt
Market Overview
The Egyptian truck market contracted to $
in , which is down 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, the total consumption indicated a perceptible expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Truck consumption peaked at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.
In value terms, truck production contracted to $ in estimated in export price. In general, production, however, posted noticeable growth. The growth pace was the most rapid in 2014 with an increase of %. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production failed to regain momentum.
in , which is down 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, the total consumption indicated a perceptible expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Truck consumption peaked at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.In value terms, truck production contracted to $
in estimated in export price. In general, production, however, posted noticeable growth. The growth pace was the most rapid in 2014 with an increase of %. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production failed to regain momentum.Consumption
Truck consumption in Egypt shrank to units in , dropping by -% compared with the previous year. Overall, the total consumption indicated a prominent increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Truck consumption peaked at units in 2015; however, from 2016 to , consumption failed to regain momentum.
The size of the truck market in Egypt declined to $ in , reducing 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, the total consumption indicated tangible growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, the market reached the peak level at $ in 2015; however, from 2016 to , consumption failed to regain momentum.
units in , dropping by -% compared with the previous year. Overall, the total consumption indicated a prominent increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Truck consumption peaked at units in 2015; however, from 2016 to , consumption failed to regain momentum.The size of the truck market in Egypt declined to $
in , reducing 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, the total consumption indicated tangible growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, the market reached the peak level at $ in 2015; however, from 2016 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for trucks in Egypt, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, 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 .Trade Balance
Egypt remains a net importer of truck; 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