The import of milk powder to Egypt stood at 143.20 million USD in 2023. Based on the forecasted data, the import is expected to show a steady year-on-year increase. In 2024, the import value is projected to be 143.99 million USD, which represents a year-on-year increase of approximately 0.6%. This upward trend continues gradually through the subsequent years, with the import value expected to reach 145.89 million USD by 2028.
Year-on-year variations reflect a consistent growth, with percentage increases for each year hovering around 0.3%-0.4%. This steady incline over a five-year period results in a compounded annual growth rate (CAGR) of around 0.5%.
Future trends to watch for include potential shifts in global milk powder prices, changes in local dairy production capacities, and economic factors such as currency exchange rates and inflation. Emerging trade policies and international agreements may also play a critical role in shaping the import dynamics of milk powder in Egypt.
