From 2013 to 2023, Egypt's import of ceramic building bricks, flooring blocks, and tiles experienced significant fluctuations. The value peaked at various intervals, with notable variations such as a 371.23% year-on-year increase in 2013 and a subsequent decline by 58.29% in 2015. However, from 2021 to 2023, the market exhibited steadier growth—growing 17.95% in 2021, 8.32% in 2022, and a modest increase of 2.76% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stood at 2.51%, suggesting moderate annual growth.
Looking forward, the forecasted data until 2028 indicates a continued upward trend with a 2.08% annual growth rate and an overall growth rate of 10.86%. By 2028, the import value is expected to reach 11.345 million USD.
Trends to watch for:
- Potential market stabilization with modest growth rates.
- Impact of global economic conditions on import levels.
- Technological advancements potentially reducing production costs domestically, affecting import needs.
- Changes in local construction demand and regulatory impacts on the import market.