Egypt’s imports of copper and its alloys have increased over the last five years to $1.1 billion in 2021. up from $707.6 million in 2020. According to ITC estimates, Egypt’s need for imported copper products will continue to rise rapidly. After registering an average annual growth rate of 20% during the period between (2017 2021).
What is a wire recycling plant?
The electrical wire recycling plant reshapes damaged cables to extract the copper and remanufacture it again. The factory produces wire types ranging in thickness from 0.6 mm: 1.6 mm). Recycling projects contribute to the elimination of accumulated waste. and turn them into useful and safe products.
In 2020, it was estimated the value of the global copper market at $271.9 billion. The industry is expected to expand to The value of the global copper market to $363 billion by 2027. That’s a compound annual growth rate of 4.21%.
Mashroo3k Consulting recommends to invest in an electrical wire recycling plant based on the following:
According to the International Trade Center, the value of Egypt’s imports of copper and its alloys in 2017 reached 707.6 million US dollars, and the figure rose to 1.1 billion US dollars in 2021.
The average annual growth of Egypt’s imports of copper and its alloys was 20% during the period between (2017 2021).
The average annual growth of Egypt’s copper wire imports reached 56% during the period between (2017 2021).
For more details on the latest economic sector indicators and investment opportunities in Egypt, click here. The most prominent funding organizations supporting successful investment projects in Egypt. You can get in touch with the investor service team from Mashroo3k Consulting.
