The total market for food processing equipment in 2007 totaled $570 million with an expected annual growth of 3% during the coming three years. This increase is due to the country’s ambitious plan to modernize its food processing facilities, targeting exports and the Government’s plan to privatize its public sector concerns.
The majority of vegetable and food processing equipment are imports, mainly from Germany, Italy, France, Switzerland, the U.K., the U.S., and Denmark. The U.S. has a market share of 6%; however, it can further increase its share by appointing local agents, offering improved after-sales service, and pricing more competitively. Egypt manufactures 8% of the market’s vegetable and food processing equipment, mainly spare parts for the sugar milling industry, bakeries, packaging and filling machinery.
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