Between 2013 and 2023, the export value of tools, implements, and cutlery of base metal from Egypt has witnessed fluctuations, from a notable rise of 38.42% in 2013 to a sharp decline of 23.19% in 2014, followed by diverse year-on-year changes. The year 2021 marked a recovery with a 24.46% increase, leading to a peak export value in 2023 at 63.937 million USD, up 2.98% from the previous year. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 averaged at 3.85%, indicating moderate growth.
Forecasts from 2024 onward project steady growth in the export value, reaching 73.6 million USD by 2028. This indicates an 11.57% overall growth over the next five years, with an average annual growth rate (CAGR) of 2.21%.
Future trends to watch for include geopolitical stability, potential new trade agreements, technological advancements in manufacturing, and global economic conditions which could impact Egypt’s export volumes and values. Monitoring these factors will be critical in assessing the sustainability and potential acceleration of growth in this sector.
