From January to August 2021, the bilateral import and export volume of goods between China and Mesir was US$12,856.27 million, an increase of US$3,771.7194 million compared with the same period in 2020, a year-on-year increase of 41.6%.
From January to August 2021, the total value of China’s exports to Egypt was US$11,747.8035 million, an increase of US$3349.7735 million compared with the same period in 2020, a year-on-year increase of 40.2%; the total value of China’s imports from Egypt was US$1108.4679 million, compared with 2020. During the same period, it increased by $421.9459 million, a year-on-year increase of 58.9%.
China and Egypt have good economic and trade exchanges. Under the influence of COVID-19, the bilateral trade volume between China and Egypt has maintained a high growth rate. Dongqi Crane is also happy about this. As a Chinese crane supplier, Egypt's economic development and industrialization needs will bring a large number of crane orders. In the past 2021, Dongqi Crane has reached more than 20 various types of crane cooperation projects with Egyptian partners, ranking first among all African countries. Dongqi Crane needs to rely on high-quality crane services and products to open up more Egyptian crane markets. This article will focus on the market development trends of overhead cranes in Egypt in 2022
Before we start discussing the aerial crane market in Egypt, we have a few small questions that need to be answered first. Let’s take a look
The Egyptian Overhead Crane Market dropped rapidly to $X in 2020, down -X% compared to the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). Overall, consumption faces a deep decline. The growth rate was most pronounced in 2008, with a year-on-year increase of X%. As a result, spending reached the highest level of X dollars. From 2009 to 2020, market growth failed to regain momentum.
After three years of growth, overseas shipments of fixed-support overhead cranes fell by -X% to X units in 2020. Overall, exports fell sharply. The growth rate was most pronounced in 2009, with an X% increase over the previous year. Exports peaked at X units in 2007; however, from 2008 to 2020, exports failed to regain momentum.
Overhead crane exports surged to $X in 2020 by value. Overall, exports have grown strongly. 2011 saw the fastest growth, with exports increasing by X% year-on-year. During the period under review, exports peaked in 2020 and are expected to keep growing in the short term.
Arab Saudi (X units) is the main destination for Egyptian bridge crane exports, accounting for about X% of total exports. From 2007 to 2020, the average annual growth rate of shipments to Saudi Arabia was +X%. From 2007 to 2020, the value to Saudi Arabia has grown at an average annual rate of +X%.
In 2020, Egypt's imports of fixed-support overhead cranes decreased significantly to X units, down -X% year-on-year. During the period under review, imports faced a severe decline. The most significant growth rate occurred in 2008, when imports increased by X% year-on-year. As a result, imports peaked at X units. Import growth failed to regain momentum between 2009 and 2020.
In value terms, bridge crane imports contracted significantly to $X in 2020. Overall, imports continue to show sharp declines. The most significant growth rate occurred in 2008, when imports increased by X% year-on-year. Imports peaked at $X in 2009; however, from 2010 to 2020, import volumes have remained low.
The United Arab Emirates (unit X), China (unit X) and Italy (unit X) are the main suppliers of bridge crane imports from Egypt. From 2007 to 2020, the largest increase was in the United Arab Emirates, while other leaders saw decreases in purchases.
By value, Egypt's largest suppliers of overhead cranes are China ($X), United Arab Emirates ($X) and Italy ($X), which together account for X% of total imports. Among the major suppliers, China experienced the highest growth in import value during the period under review, while procurement from other leading countries showed a mixed trend.
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