Analyzing the import data of coffee to Egypt from 2013 to 2023, we observe a notable upward trend despite periodic fluctuations. The import value stood at $142.04 million in 2023. Key variations include significant growth between 2017-2018 and 2020-2021, with minor declines in other years. Year-on-year changes from 2021 to 2023 indicate moderate growth rates of about 4-10%. The last five years exhibit an average annual variation (CAGR) of around 3.62%, reflective of steady growth in coffee imports.
Future trends to watch for:
- Continued growth: Coffee imports are forecasted to increase, with the import value expected to reach $171.0 million by 2028.
- Moderate growth rate: The 5-year forecast CAGR is approximately 2.91%, indicating a steady but slowing growth rate compared to previous years.
- Market dynamics: Factors such as economic conditions, global coffee supply, and domestic consumption patterns will influence future import trends.