Forecast: Import of Articles of Iron or Steel to Egypt

Analysis of Egypt's import of Articles of Iron or Steel indicates a fluctuating trend from 2013 to 2023, with a value standing at 3.6962 billion US dollars in 2023. Year-on-year variations saw significant fluctuations, with notable dips in 2016 (-10.68%) and 2020 (-14.11%), but also strong positive growth in 2017 (16.85%) and 2021 (24.46%). Over the last five years, the compound annual growth rate (CAGR) has been 2.31%.

The forecast indicates continued growth, with an average annual increase (CAGR) of 2.21% from 2024 to 2028, translating to a projected total growth of 11.55% by 2028.

Future trends to watch for include:

• Impact of global steel prices as it can directly affect import values
• Potential shifts in Egyptian government’s trade policies
• Economic growth and infrastructure development in Egypt driving higher demand
• Technological advancements and domestic production capacities influencing import needs