In 2023, the import value of Inorganic Chemicals, Precious Metal Compound, and Isotope to Egypt stood at 661.64 million US dollars. Over the past decade, the market has shown significant fluctuations. Notably, from 2013 to 2022, the market experienced a notable up and down trajectory, with pronounced dips in 2016 and 2020 but also substantial increases in certain years, such as 2017 and 2021.
The year-on-year variations demonstrate a mixed pattern. Between 2021 and 2022, the market showed a slight decrease of 1.13%, followed by an increase of 3.6% from 2022 to 2023. The Compound Annual Growth Rate (CAGR) over the last five years leading to 2023 was 2.82%, signaling moderate growth amidst strong yearly variances.
Looking forward, forecast data suggests a steady upward trend, with the import value expected to reach 783.56 million US dollars by 2028. The anticipated five-year CAGR from 2024 to 2028 is projected at 2.6%, reflecting a cumulative growth rate of 13.71% over this period.
Future trends to watch for include:
• Possible policy changes impacting import tariffs and regulations.
• Fluctuations in global demand and prices for inorganic chemicals and precious metals.
• Economic conditions and infrastructure development within Egypt that could drive demand.