In 2023, the import of threshing machinery to Egypt stood at 17.66 thousand kilograms, representing a year-on-year decrease of 15.39% compared to 2022. Between 2022 and 2023, the trend showed a declining pattern, with a cumulative annual growth rate (CAGR) of 0.31% over the last three years from 2021. Over the last five years, the CAGR is projected to be -42.56%, indicating a steep decline from 2024 to 2028. This is reflected in the 93.75% anticipated reduction in import value by 2028.
Future trends to watch for:
- Economic factors affecting agricultural machinery imports.
- Technological advancements and domestic production capabilities.
- Government policies and subsidies impacting agricultural equipment purchases.
- Changing market demands and efficiency improvements in the agricultural sector.
