Forecast: Export of Electric Transformers and Static Converters from Egypt

Between 2013 and 2023, the export of electric transformers and static converters from Egypt experienced significant fluctuations. Notably, in 2013, exports stood at 23.149 million USD, declining sharply by 2015, then moderately recovering by 2016. The years 2017 to 2023 saw mostly a downward trend with minor recoveries in the intervening years. As of 2023, exports were recorded at 7.662 million USD.

Specific year-on-year changes over the last two years illustrate a slight decline of 1.53% each year. Compared to the average change over the last five years as indicated by the CAGR of 5.06%, the overall export trend shows some resilience despite yearly variations.

Forecasts from 2024 to 2028 reveal a gradual decreasing trend with an average annual reduction of 1.34%, culminating in a decline of approximately 6.5% over five years.

Future trends to watch for:

• Innovations in transformer and converter technology, influencing international demand.
• Global and regional economic conditions affecting export markets.
• Policies and trade agreements impacting Egypt's export capabilities.