by
Asmaa Abbas
from
Taiwan Trade Center Cairo
Automotive and Auto Spare
Parts
Market in Egypt
Who we are
Services
Events
Location and Contact Information
Taiwan Trade Center Cairo
I am Asmaa Abbas from Taiwan Trade Center Cairo , The commercial representative office of TAIWAN in Egypt
Taiwan Trade Center Cairo is responsible for creating a win win situation between Taiwan and Egypt trade by helping Egyptian traders and Taiwanese suppliers to meet through Trade delegations, Exhibitions and online trade meetings
So let me catch this great opportunity to give a brief introduction about Egypt & Egypt Auto spare parts market
Big Population and People Nature
Remote and Discrete Cities
Developing Public Transportation
Road Condition
Sense of Regular Maintenance
Facts about Egypt Market
Egypt is the heart of the Arab world because of its geography, high population, history, and military strength which made it highly influential in the Middle East
Egypt's high population reflects the huge market needs in different fields
but we will focus now on Automotive and auto spare market size in Egypt
Automotive and auto spare parts in Egypt is one of the biggest sectors ,
Egypt automotive market divided in to passenger car ,commercial vehicle , original equipment manufacturers and aftermarket.
This is beside a niche market for two-wheelers (motorcycle and scooter)
which are totally imported from India, China, and Japan.
The Conditions of the roads in Egypt have a big impact on auto parts purchasing amount …Egypt roads conditions were very bad except the main roads and high way but now Egypt Government is putting a big effort to fix this situation
Egypt Economic situation
Exchange rate of the dollar against the pound
Customer Purchasing power
Aged Cars
Frequent Repair
9.400,000 Cars (2016.12)
130,000 New Cars Every Year
Europe Egypt agreement to apply zero tariff
EGYPT Economic situation has a great effect on the purchasing power of the Egyptian importers and consumers
In 2016 , Egypt devalued its currency by 48 percent , allowing it to float freely, in order
to meet a key demand by the IMF and secure a three-year loan. As a result of this ,The exchange rate of the dollar against the pound was not fixed
which effects negatively on the importing value But by the end of 2018, Egypt starts to have stable exchange rate in addition to fixing
the price of the customs dollar ,so we can say currency stability restores sales
Customer purchasing power was effected negatively because of the unstable economic situation in the previous years that’s why the customer prefer to fix and maintain his car than buying a new one
But it seems that this Situation will be changed after Europe Egypt agreement to
apply zero tariff ON Vehicles imported from Europe , ■ This agreement already applied from begaing of January 2019 ■ 0 Import Duties for Almost All Products from Europe ■ New Car Market is Temporarily Stiff and It Makes Egyptian Pound Appreciate from 17.9 to 17.3
Import Value from 2011 ~ 2018
Import Value in 2018
Top 10 Countries
Top Products
Egypt imports auto spare parts From January 2011 till December 2018 by USD 8,168,631,631
In 2018 the total import value of auto parts was USD 1,031,619,868
Egypt mainly imports car parts and accessories from China, South
Korea, Thailand, Germany, Japan, India, U.S.A., Turkey, Italy, France and Taiwan
Egypt imports Chassis Fitted With Engines from Sweden, Spain,
Brazil , Germany and India Egypt imports vehicle Bodies from Germany, China, USA, Italy,
Greece and Spain Top Auto parts products imported from Egypt Sheet Metal parts, Lamps ,Plastic Parts, Hydraulic Parts and Electric Parts
Nissan
Hyundai
Toyota
Kia
Chevrolet
Mercedes-Benz
Egypt is a hub for assembling different car brands such as ■ Hyundai ■ KIA Motors ■ Toyota ■ NISSAN ■ Jeep ■ Daewoo ■ Chrysler And this is a big sign for opening after sale service center and using more spare parts
Nissan 23.0 %
Hyundai 22.1 %
Toyota 7.3 %
Kia 6.0 %
Renault 5.9 %
Opel 4.9 %
Chevrolet 4.2 %
Japanese automakers Nissan comes in the first stage in Egypt automotive market
Then we can find Hyundai , Toyota , Kia , Renault , opel and Chevrolet
This reflects how big is the Egyptian automotive market in Egypt
Egypt can be a hub for manufacturing e-
vehicles in Africa and the Middle East
Challenges and opportunities
Electrical Vehicle in Egypt Very soon
Egypt is qualified to manufacture electric vehicles in the Middle East and Africa, in addition to that the Suez Canal Zone is a candidate to become a hub for the manufacture of electric vehicles.
Electric vehicles have Challenges and opportunities in Egypt , One of the
main challenges is registration with the Ministry of Interior, along with customs and taxation, and parking problems, all of which can be resolved by looking at the past experience of other countries
There are lots of opportunities for e-vehicles in Egypt, considering
high urban density, and Egypt's potential for local production. Also the current transportation sector contributed 1/3 of the air pollution
Egypt is suffering from, and how diesel quality is low compared to other countries in the world.
So all these factors emphasize that we will find Electrical Vehicle I Egypt Very soon