Forecast: Import of Work Truck, Self-Propelled, Except Lift Trucks to Egypt

The import of self-propelled work trucks, excluding lift trucks, to Egypt has exhibited significant fluctuations over the past decade. In 2023, the import value stood at $2,346.7 thousand. The recent data demonstrates a positive year-on-year trend with a 3.38% increase noted in 2023. However, the average annual growth rate over the last five years (CAGR) has been relatively modest at 1.65%. Reviewing the past highlights significant growth years such as 2015 with an 80.9% increase and 2018 with a 63.95% rise, contrasted by notable declines such as 2020’s -13.67% drop. Future imports are forecasted to maintain a steady increase, having a projected CAGR of 2.5% over the next five years, expecting to reach $2,741.3 thousand by 2028.

Future trends to watch for:

• Stability in year-on-year growth rates compared to historical fluctuations
• Impacts of global economic conditions and trade policies on import trends
• The potential influence of technological advancements and automation within the sector
• Changes in local demand and government infrastructure projects that could influence import volumes