Forecast: Weapons Imports in Egypt

Egypt's weapons imports reached $716.47 million in 2023. This represents a 2.21% increase year-on-year, significantly below the higher growth rates seen in the mid-2010s. From 2024 onwards, imports are forecasted to steadily rise, with projections indicating a moderate growth rate reaching $776.63 million by 2028. The 5-year CAGR from 2024 to 2028 is anticipated to be 1.28%, which translates to a cumulative growth of 6.57% over the same period.

Key trends to observe in the future include:

  • Consistent, albeit modest, growth in annual imports.
  • Potential influence of geopolitical changes in the MENA region on Egypt's defense procurement.
  • Egypt's strategic shifts and budget allocations for defense enhancing local manufacturing capabilities.

Top Countries about Artillery