From 2013 to 2023, Egypt's iron and steel import figures have shown considerable fluctuations with notable annual changes. The most significant increase occurred in 2018 (37.03%), while the starkest decline was in 2016 (-23.57%). Over the last two years, the imports grew by 2.59% in 2022 and 2.48% in 2023. The compound annual growth rate (CAGR) over the past five years was 1.07%.
Looking forward, the forecasted CAGR for the next five years until 2028 is 1.87%, with a total growth rate of 9.72%. This indicates a moderate and steady increase in the import of iron and steel into Egypt.
Future trends to watch include geopolitical developments, global iron and steel prices, and domestic demand changes driven by economic factors like construction activity and industrial growth. Monitoring Egypt’s economic policies and trade agreements will also be crucial.