Industrial sand and gravel production in Egypt has seen a notable decline from 2013 to 2023. The series started at 400.0 thousand metric tons in 2013 and gradually reduced to 273.66 thousand metric tons by 2023. The period is marked by a significant annual reduction, especially post-2016. The steepest decline occurred in 2020 with a year-on-year variation of -20.67%. The last two years displayed mixed variations, with a minor increase of 0.36% in 2022, followed by a decline of -4.78% in 2023. The 5-year CAGR from 2019 to 2023 was -4.54%.
The forecasted data from 2024 to 2028 indicates a continued downward trend with the production decreasing further. By 2028, the value is expected to drop to 200.96 thousand metric tons, resulting in a 5-year forecast CAGR of -4.84% and a forecast 5-year growth rate of -21.96%.
Future trends to watch for include potential technological advancements in mining processes, policy changes in environmental regulations, and shifts in economic conditions that could impact production levels. Additionally, global demand for industrial sand and its substitutes will play a crucial role in shaping the market's outlook.
