The import of millstones and grindstones of natural stone to Egypt has seen significant fluctuations over the historical period. From 2013 to 2016, there was a strong upward trend, with a peak in 2016 at approximately 1028.8 thousand USD. However, imports dropped sharply in 2017 by -26.18% and again in 2020 by -17.57%. Despite some recovery in the following years, the latest actual data for 2023 shows a slight decrease of -0.66% from the previous year, standing at 770.86 thousand USD.
Forecasts from 2024 onward indicate a steady decline, with a forecasted Compound Annual Growth Rate (CAGR) of -0.55% over the next five years, leading to an estimated value of 741.9 thousand USD by 2028.
- Historical Trend (2013-2023): Volatile growth with periods of sharp increase and steep decline.
- Recent Trend (2022-2023): Slight decrease of -0.66% in value.
- Future Trend (2024-2028): Gradual decline with a five-year forecasted CAGR of -0.55%.
Future trends to watch for include potential changes in trade policies, economic stability in Egypt, and technological advancements in locally-produced millstones and grindstones, which may impact import demand.
