The export of chemicals and chemical products from Egypt to Turkey has shown significant fluctuations over the past decade. In 2023, the value of exports stood at $1205.6 million, representing a year-on-year growth of 3.86%. The compound annual growth rate (CAGR) over the past five years was 3.88%. Noteworthy historical trends include a sharp decline in 2015, a recovery in 2017, and consistent growth from 2018 to 2022. Forecasts for 2024-2028 predict a slower growth rate with a 2.81% CAGR.
Future trends to watch for:
- Potential market adjustments due to global economic changes.
- Impact of geopolitical relations between Egypt and Turkey.
- Advancements in the chemical industry technology.
