Forecast: Metals Consumption in Egypt

Egypt's metals consumption exhibited a mixed trend from 2013 to 2023. Initial fluctuations were marked by a significant increase in 2014, followed by variable growth and decline patterns, with a notable surge in 2018. The period between 2021 and 2023 saw moderate and consistent growth, with the consumption standing at 3.73 units in 2023. The year-on-year variations indicate gradual stabilization after earlier volatility, as reflected in the 2.19% growth from 2022 to 2023 and a CAGR of 1.28% from 2018 to 2023.

The forecast from 2024 to 2028 predicts steady growth, with a 1.67% CAGR and an overall growth rate of 8.64% over the five years. Expected increments signify a stabilization phase in metal consumption trends in Egypt.

Future Trends to Watch:

• Potential impacts of global economic fluctuations and trade policies on metals import and usage in Egypt.
• Advancements in manufacturing technology and their influence on domestic metal consumption.
• Infrastructural projects and industrialization efforts driving demand in the coming years.