Key Market Indicators
Egyptian passenger transport expenditure is projected to decline significantly over the next five years, dropping from approximately $157 million in 2023 to about $106 million by 2028. This represents an annual decrease of around 6.1%. The downward trend in Egypt's transport spending is not new. Since 2013, the country has experienced a consistent decline in demand, averaging a 7.4% reduction each year. In the global ranking for 2023, Egypt was placed 31st. Notably, Iceland surpassed Egypt with a similar expenditure of roughly $157 million. Leading the rankings were France, Canada, and Italy, securing the second, third, and fourth positions respectively. The figures highlight a significant shift in Egypt's transport sector, reflecting broader economic and possibly policy changes impacting passenger transport expenditure.
