The import of carbon and graphite furnace electrodes to Egypt is forecasted to rise steadily over the next five years. Starting from $258.19 million in 2024, it is expected to grow to $310.61 million by 2028. Analyzing the year-on-year percentage variation, the imports are anticipated to increase by approximately 5.24% from 2024 to 2025, 4.87% from 2025 to 2026, 4.55% from 2026 to 2027, and 4.27% from 2027 to 2028. From 2023 to 2024, the imports increased from $244.66 million, showcasing a 5.53% growth, and the last two years (2023-2024) saw a yearly average growth rate of 5.41%. Looking at the last five years, which provides a larger time frame, a Compound Annual Growth Rate (CAGR) of around 4.73% is observed.
Future trends to watch for include potential supply chain disruptions, global price fluctuations of carbon and graphite materials, and technological advancements in alternative materials or methods. Additionally, Egypt's economic policies and trade agreements will play a significant role in shaping the import dynamics.
