Egypt: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2024

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Egypt

The Egyptian market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels shrank to $X in 2023, reducing by X% 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, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from Egypt

In 2023, approx. X units of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels were exported from Egypt; increasing by X% compared with 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, grease fittings and oil seals exports surged to $X in 2023. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to see steady growth in the near future.

Exports by Country

The UK (X units) was the main destination for grease fittings and oil seals exports from Egypt, accounting for a X% share of total exports. Moreover, grease fittings and oil seals exports to the UK exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold. The United Arab Emirates (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

In value terms, the UK ($X) remains the key foreign market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels exports from Egypt, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, surging by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per unit) and Libya ($X per unit), while the average price for exports to Qatar ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into Egypt

Grease fittings and oil seals imports into Egypt contracted to X units in 2023, dropping by X% compared with the previous year's figure. Overall, imports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, grease fittings and oil seals imports declined to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

The United States (X units), the UK (X units) and Italy (X units) were the main suppliers of grease fittings and oil seals imports to Egypt, with a combined X% share of total imports. Germany, China, the United Arab Emirates, Japan, Switzerland, India, France, Sweden, Australia and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Italy ($X) constituted the largest grease fittings and oil seals suppliers to Egypt, with a combined X% share of total imports. Germany, China, the United Arab Emirates, Japan, Switzerland, India, France, Sweden, Australia and Malaysia lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per unit) and India ($X per unit), while the price for France ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform