The import of tools, implements, and cutlery of base metal into Egypt saw varied fluctuations from 2013 to 2023. The imports stood at $186.3 million in 2023, marking a steady recovery from previous declines. The period saw significant year-on-year variations: 2016 witnessed the steepest decline at -14.95%, while 2018 experienced a notable surge at 47.26%. The last two years showed modest growth with 3.19% in 2022 and 3.03% in 2023. The five-year CAGR up to 2023 indicated a growth of 1.32%.
Future trends to observe include:
- Continued growth forecasted at a CAGR of 2.25% from 2024 to 2028.
- Potential impacts of global supply chain dynamics on import levels.
- Economic policies and trade agreements influencing market conditions.
