Egypt's Third Party Logistics (3PL) Market Witnesses Robust Growth and Promising Future Prospects

CAIRO - June 20, 2023 - PRLog -- Egypt's Third Party Logistics (3PL) market has seen significant growth, with an increase of over USD 140 million in 2022. This growth is due to improved economic conditions and recovery of trade volumes. The World Bank ranks Egypt 58th in the world in 2023 for logistics performance, up from 67th in 2018, attracting companies to expand their operations in the country.

The 3PL market is divided into Freight Forwarding and Transportation, Warehousing, and Value Added Services, with freight forwarding and transportation dominating the market. The government's focus on warehouse management has led to the construction of 35 new silos since 2014, bringing the total to 75 by 2023.

The e-commerce industry in Egypt is also growing rapidly, with projections indicating a steady annual growth rate of 15%-18% between 2023 and 2027. This growth is expected to put pressure on existing logistics and fulfillment networks.

During the COVID-19 pandemic, there were disruptions in volumes coming into Egypt's ports, affecting the shipping market capacity and ocean carriers' revenues.

Key developments include the expansion of the Suez Canal Economic Zone, expected to be completed by July 2023, and a 10-year plan to transform Egypt into a global transport and logistics center by 2024. However, the country faces economic challenges, including a currency crisis and a severe dollar shortage.

The importance of collaborations between shippers and 3PL providers has increased, positively impacting the smooth operation of the supply chain.

Scope of the Study
The study titled "Egypt Third Party Logistics (3PL) Market Size and Forecast 2023-2028: Analysis by Mode of Transportation (Rail, Road, Air, Sea), Service Type (Freight Forwarding, Warehousing, Value-Added Services), and by Domestic and International Markets" conducted by Makreo Research provides a comprehensive analysis of the Third-Party Logistics (3PL) market in Egypt. The report examines the past, present, and future outlook of the industry, taking into account the impact of external factors such as the COVID-19 pandemic and macroeconomic conditions. The report further delves into the mode of transportation segment, examining both domestic and international transportation in Egypt. It evaluates different modes of transportation, such as rail, road, air, and sea, providing insights into their market shares and the regulatory framework governing each mode.

Find out more:-
Egypt Third Party Logistics (3PL) Market Size and Forecast (2023-2028) (https://www.makreo.com/report/egypt-third-party-logistics...)

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