Forecast: Import of Trucks to Egypt

The import of trucks to Egypt has exhibited significant fluctuations over the past decade. In 2023, the value stood at 349.02 million USD. The market experienced notable growth during 2014 and 2015, with year-on-year increases of 24.61% and 27.09%, respectively. However, 2016 witnessed a dramatic decline of 46.54%, followed by further decreases in the subsequent years.

From 2017 onwards, the value showed a mixed trend with moderate growth and decline, punctuated by a slight recovery and stabilization from 2021 to 2023. The average annual variation (CAGR) over the past five years (2018-2023) was -0.74%, indicating a marginal decline in the import of trucks.

Future trends to monitor include:

• Forecasted market contraction at an average annual rate of -0.37% over the next five years.
• Year-on-year decreases anticipated through 2028, indicating sustained but gradual declines in import values.
• Potential impacts of economic policies, foreign exchange fluctuations, and regional trade agreements on import volumes and values.
• Technological advancements and shifts in demand impacting the truck import market.