In 2023, the import of organic chemicals to Egypt stood at 1.9046 Billion US Dollars. Based on forecasted data, the import value is expected to increase to 1.9579 Billion US Dollars in 2024, 2.013 Billion US Dollars in 2025, 2.067 Billion US Dollars in 2026, 2.12 Billion US Dollars in 2027, and 2.1719 Billion US Dollars by 2028.
Analysing year-on-year variation percentages over the past two years (2022-2023), an increase of 2.8% was recorded, while the forecast for the next five years shows an average compound annual growth rate (CAGR) of roughly 2.7%.
Future trends to watch for:
• Economic policies and regulatory changes impacting trade • Global fluctuations in the price of chemicals • Developments in domestic production capacities • Technological advancements and their impact on demand and supply dynamics
