Based on the data provided, the import of escalators and moving walkways to Egypt stood at 1,790.4 Thousand Kilograms in 2023. Analyzing the year-on-year variation, 2023 saw a mild increase of 2.33% compared to the previous year. Over the last five years, from 2019 to 2023, the Compound Annual Growth Rate (CAGR) averaged at 18.01%, indicating a significant upward trend, despite some fluctuations in individual years. For instance, 2017 experienced an extraordinarily high increase of 179.86%, which was followed by an 80.15% decline in 2018.
From 2024 onwards, the data provided are forecasted. Looking ahead, the CAGR for the next five years up to 2028 is projected to be 1.78%, suggesting modest growth. Over this forecast period, the total anticipated growth rate is projected to be 9.24%.
Future trends to watch for:
- Investment in urban infrastructure and construction activities.
- Government policies and economic stability which could affect import volumes.
- Technological advancements in escalators and moving walkways that might influence demand.
- Market competition and local production capabilities affecting import dependency.
