In 2023, Egypt's import of limestone materials for the manufacture of lime or cement reached 4,060.2 thousand kilograms, representing a 5.68% increase from the previous year. Over the past two years, the year-on-year variation has shown an average growth rate of 8.71%. The compound annual growth rate (CAGR) over the last five years stands at 6.79%, signaling a steady upward trend in import volumes.
From 2013 to 2023, the data exhibits substantial fluctuations with notable spikes, particularly in 2015 and from 2017 onwards. This pronounced increase reflects the growing demand for construction materials driven by Egypt's robust infrastructure development. Over the past five years, despite some annual decreases, such as in 2020, the overall trend points to continued growth.
Moving forward, from 2024 to 2028, forecasts predict a steady growth rate with a 5-year CAGR of 3.9%, culminating in a 21.07% increase in import volumes by 2028. This sustained growth aligns with ongoing industrial expansion and construction projects within the region.
Future trends to watch for include potential market saturation, changes in local production capacities, and economic policies impacting import activities. Additionally, global supply chain dynamics and geopolitical factors may influence import volumes and sourcing strategies.
