Stakeholders ranging from consultants to manufacturers to retail chains can use the information provided by “Egypt Agricultural Machinery Market Outlook to 2021 -- Consolidation of Small Farm Holdings and Improving Credit Conditions to Foster Future Growth” to plan market strategies over the next few years.
The report was recently released by Ken Research Private Ltd.
The report provides a forecast through 2021 of the Egyptian market for agricultural machinery, based on sales volume of agricultural equipment and accessories and growth of the land under cultivation between 2011 and 2015.
The report also covers the disparities in the market between the northern and southern parts of the country. The north is dominated by small farms, where irrigation systems are inefficient and labor is cheap. Many of the farms in the central and southern regions are large and use agricultural machinery extensively to increase production and productivity.
The Egyptian market for agricultural equipment is expected to increase, especially in the central and southern regions. North Egypt is forecast to see an increase in low-powered tractors.
Customs tax and import duty affect imports of agricultural equipment. Commercial and foreign companies pay import duties and sales taxes, while domestic companies only pay sales taxes on imported equipment.