The import of machinery for paper pulp, paper, and paperboard making to Egypt has shown significant fluctuations between 2013 and 2023. In 2013, the value stood at $16.373 million with a notable decline of -8.24% year-on-year. However, by 2017, imports increased sharply and reached $43.93 million, reflecting a 67.31% year-on-year jump. Following highs and lows, the import value in 2023 reached $44.656 million, marking a growth of 3.51% compared to the previous year. Over the last 5 years, the compound annual growth rate (CAGR) shows a positive trend of 4.82%.
Looking towards the future, the forecast indicates a modest but steady increase in imports, reaching $52.559 million by 2028, driven by a 5-year CAGR of 2.56%. This suggests a forecasted growth rate of 13.48% from 2024 to 2028.
Future Trends to Watch For:
- Continuous modernization and expansion of the paper and paperboard industry in Egypt.
- Potential impacts of economic policies and global trade relations on import capabilities.
- Technological advancements and innovation in machinery affecting purchasing patterns.
- Environmental regulations influencing investment in more sustainable machinery.