Forecast: Import of Potassic Mineral or Chemical Fertilizers to Egypt

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.

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