Based on the data provided, the historical import values for potassic mineral or chemical fertilizers to Egypt from 2013 to 2023 reveal a fluctuating trend with notable peaks and troughs. By 2023, the import value stood at 85.932 million USD, showcasing a steady year-on-year increase of 3.09%. This upward trend is supported by a 5-year compound annual growth rate (CAGR) of 1.88% from 2018 to 2023.
The future forecasts from 2024 to 2028 indicate a continued growth trajectory, with a forecasted 5-year CAGR of 2.08%, leading to an expected import value of 98.047 million USD by 2028. This demonstrates a robust forecasted growth rate of 10.85% over this period.
Future trends to watch for include:
- Global potassic fertilizer market dynamics and their impact on prices and availability.
- Changes in agricultural practices and demands within Egypt driving fertilizer import needs.
- Exchange rate fluctuations which could influence the USD value of imports.