In 2023, the import of pipes or tubes of refined copper to Egypt stood at 3.77 million kilograms. Over the last two years, there was a slight decline with year-on-year variations of -0.87% in 2022 and -0.86% in 2023. The compounded annual growth rate (CAGR) over the last five years has been -0.88%, indicating a mild but consistent decrease in imports.
Looking at future trends, the forecast data suggests a continued gentle decline in the volume of imports. The forecasted CAGR for the next five years is -0.73%, with a forecasted growth rate of -3.6% by 2028. This indicates that the market is expected to see a gradual reduction in import quantities.
Future trends to watch for:
- Global economic conditions impacting demand and supply chains.
- Technological advancements in alternative materials or production techniques.
- Policy changes in trade agreements or import regulations.
