Egypt imports about $143.1 million worth of aluminum sheets, making the Aluminum Sheet Factory in EgyptA promising investment opportunity, especially in light of the state’s tendency towards industrialization and the development of private sector investments, in light of Vision 2030 to boost the national economy.
What is an aluminum sheet plant?
The aluminum sheet factory provides various products, ranging in thickness from (0.2 mm: 500 mm). The latest manufacturing technology makes it easy to turn aluminum into thin sheets that can be folded, shaped, and packaged in different sizes. Aluminum sheets are capable of blocking light and oxygen, causing the oxidation of fats, odors, flavors, moisture, and germs. Aluminum sheets are widely used in pharmaceutical and food packaging, cosmetic and skin care products.
The global aluminum market size was US$164.23 billion in 2019 and is expected to reach US$242.44 billion in 2027, representing a CAGR of 5.7% during the forecast period (2019-2027).
At the end of 2021, Egypt imported about 143.1 million US dollars of aluminum sheets, and it is expected that Egypt’s imports of these sheets will increase to reach 220.2 million US dollars in 2027. The average annual growth rate of Egypt’s imports of aluminum sheets is 13.5% during the period (2017-2021).
For more details on the latest economic sector indicators and investment opportunities in Egypt, as well as the most prominent financing entities supporting successful investment projects in Egypt, you can contact the investor service team at Mashroo3k Consulting.
