Between 2013 and 2023, Egypt's import of machinery for making pulp, paper, and paperboard showed significant fluctuations. The value of imports peaked in 2016 at $26.166 million, and hit a low in 2015 of $12.963 million. The sector demonstrated recovery with a consistent upward trend from 2020 onwards, reaching $27.203 million in 2023. The year-on-year growth in 2023 was 3.1%, and over the last two years, it averaged 3.18%. The CAGR over the last five years was 3.28%.
Looking ahead, the forecast from 2024 to 2028 indicates a steady increase in import values, with a forecasted CAGR of 2.29%. By 2028, the imports are projected to reach $31.469 million, demonstrating an overall growth rate of 11.99% from 2023.
Future trends to watch for include:
- Technological advancements in machinery that may drive higher imports.
- Economic factors and policies in Egypt affecting import capacity and demand.
- Global market trends and how they impact machinery prices and supply chains.
