In 2023, the import value of coconuts, Brazil nuts, and cashew nuts to Egypt stood at 46.388 Million US Dollars. Over recent years, significant variations have been observed. From 2019 to 2023, year-on-year growth rates were 3.84%, 3.63%, 3.43%, and 3.25% respectively. Evaluating the longer trend with a 5-year CAGR, from 2018 to 2023, Egypt displayed an import growth rate of 1.20% annually.
Future projections indicate a stable rising trend, with forecasts showing an average annual growth rate of 2.18% for the period leading up to 2028, which translates to an 11.38% growth rate over the next five years.
Future trends to watch for include:
• Potential shifts in global nut production influencing import needs.• Currency fluctuations impacting import costs.• Changes in international trade policies and tariffs.• Health trends boosting demand for nuts, thus affecting import volumes.