The import of grindstones of synthetic or natural diamond to Egypt witnessed significant fluctuations from 2013 to 2023. In 2013, the value stood at USD 576.73 thousand, but by 2014, it had notably decreased by 46.05%. This downward trend continued through 2015. However, starting from 2016, there was an observed recovery, with 2017 noting an 82.7% increase. From 2018 to 2023, the imports generally experienced upward trends with occasional declines, including a peak in 2018, followed by smaller reductions in subsequent years. As of 2023, the import value was USD 475.28 thousand, reflecting a marginal increase of 1.3% year-over-year.
Looking forward, based on forecasted data, the CAGR over the next five years (2024-2028) is projected to be 1.02%, suggesting moderate growth at an average annual rate. It's expected that by 2028, the import value will rise to around USD 507.18 thousand, indicating a cumulative growth rate of roughly 5.23% over this period.
Future trends to watch for include potential global price fluctuations due to shifts in diamond supply and demand, technological advancements in synthetic diamond production, and economic conditions in Egypt that could influence import capacity. Monitoring these factors will be critical for stakeholders involved in this market.
