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Egypt Courier, Express, and Parcel (CEP) Market Trends

Statistics for the 2023 & 2024 Egypt Courier, Express, and Parcel (CEP) market trends, created by Mordor Intelligence™ Industry Reports. Egypt Courier, Express, and Parcel (CEP) trend report includes a market forecast to 2030 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of egypt courier, express, and parcel (cep) Industry

Egypt allocated USD 5.96 billion to the storage and transportation industry in 2021, fueling key infrastructure projects

  • In the general plan for FY2022, Egypt's transport sector was estimated to be valued at around EGP 307 billion (USD 12.38 billion), compared to EGP 240.7 billion (USD 9.70 billion) in the previous financial year. The transport sector output was EGP 672.4 billion (USD 27.11 billion) in FY 2022, up 14.7% from EGP 586.5 billion (USD 23.65 billion) in FY 2021. However, sea transport dominates Egypt's freight movement, as it is a cost-effective option for international trade. The Suez Canal, a vital global waterway, saw 124 million metric tons pass through it in January 2023 and a total of 1.41 billion metric tons in 2022.
  • In 2021, the public investment in the storage and transportation industry amounted to approximately EGP 184.2 billion (USD 5.96 billion). These investments encompassed various projects, including the construction of two new Nile axes (Abu Ghaleb - Al-Qatta axis), the development of eight upper bridges along the Cairo-Alexandria agricultural road, the establishment of three bridges on the international coastal road, and the rehabilitation of the 350 km Qena/Abu Tartour railway, which connects the Cairo/Aswan railways with the Sudan railways.
  • In 2022, Egypt planned around 80 projects, including port development, container terminals, cruise berths, marine passenger terminals, multimodal transportation, river ports, and a metro system, providing opportunities for private sector investment. The estimated cost of these initiatives, either in the planning or construction stages, was EGP 129 billion (USD 5.20 billion). A project's implementation, partnership, and investment opportunities in various transportation sub-sectors help boost the overall growth of Egypt's transportation and storage sector.
Egypt Courier, Express, and Parcel (CEP) Market

Egypt raises fuel prices by 10% due to the rise in average prices of Brent crude in the global energy market

  • Egypt increased fuel prices in the domestic market by EGP 25 (USD 0.80) per liter of gasoline in 2022. The price of a liter of 80-octane gasoline rose from EGP 7 (USD 0.28) to EGP 7.25 (USD 0.29), the price of 92-octane gasoline rose from EGP 8.25 (USD 0.33) to EGP 8.50 (USD 0.34), and the price of 95-octane gasoline rose from EGP 9.25 (USD 0.37) to EGP 9.50 (USD 0.38) due to the government's push to convert petrol-powered vehicles to natural gas-powered vehicles. This move is expected to reduce the cost of petroleum products as per the state budget.
  • In 2021, the price of 80-octane petrol increased by 7% to EGP 8/l (USD 42c/l), 92-octane by 6% to EGP 9.25/l (USD 49c/l), 95-octane by 9% to EGP 10.75/l (USD 57c/l), and diesel by 7% to EGP 7.25/l (USD 38c/l). The increases occurred primarily due to recovering global oil consumption following the COVID-19 pandemic. Supply concerns due to the Russia-Ukraine War were expected to cause oil prices to rise in 2021-22, increasing retail diesel prices. Egypt consumed 796 kb/d of petroleum products in 2021, up 9% from the previous year, including 289 mb/d of diesel and 192 kb/d of motor gasoline.
  • Egypt's Fuel Automatic Pricing Committee adjusted the fuel prices and increased them for Q2 2023. The country's fuel pricing committee left the diesel price unchanged at 7.25 pounds/liter (USD 0.29) but raised the price of 80-octane petrol by EGP 0.75 (USD 0.03), 92-octane petrol by EGP 1 (USD 0.04), and 95-octane petrol by EGP 0.75 to EGP 8.75 (USD 0.29), EGP 10.25 (USD 0.41), and EGP 11.50 per liter (USD 0.46). This price increase was driven by the average prices of Brent crude in the global energy market and the value of the Egyptian Pound against the US Dollar.
Egypt Courier, Express, and Parcel (CEP) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Egypt's population shrank by 1.82% in 2022, a sustained decline due to decreasing birth rates
  • Manufacturing and retail and wholesale trade sectors remained major GDP contributors in 2022 owing to rising e-commerce industry sales
  • The e-commerce market in Egypt grew by 2.41% YoY in 2022, led by the electronics and fashion sub-segments
  • Egypt aims to reach USD 100 billion in exports by 2030, driven by government support and increased domestic production
  • Egypt climbed 10 places to rank 57 in LPI, owing to improved infrastructure and regulations
  • Egypt aims for digital and green technologies in manufacturing under the National Structural Reform Program (NSRP) 2021-24
  • The Egyptian government subsidized fuel prices due to an increase in producer and consumer prices caused by the Russia-Ukraine War
  • The government allocated investments worth USD 5.93 billion to the manufacturing sector during FY 2022-2023
  • Egypt strikes USD 500 million deal for wheat import funding support in 2023 from the UAE for the next five years
  • Around 7.4% average annual growth is expected by 2027, owing to green building and infrastructure investments

Egypt Courier, Express, and Parcel (CEP) Market Report Snapshots

Egypt Courier, Express, and Parcel (CEP) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030