Market Size of Egypt 3PL Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.59 Billion |
| Market Size (2029) | USD 4.89 Billion |
| CAGR (2024 - 2029) | 6.35 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Egypt Third Party Logistics (3PL) Market Analysis
The Egypt 3PL Market size is estimated at USD 3.59 billion in 2024, and is expected to reach USD 4.89 billion by 2029, growing at a CAGR of 6.35% during the forecast period (2024-2029).
The growth of the 3PL market in Egypt is primarily driven by the expansion of maritime transportation, while some obstacles, such as high logistics costs, may restrain market expansion. The increased maritime traffic is one of the main factors fueling growth in Egypt's 3PL industry. With access to the Red Sea and the Mediterranean Sea, Egypt's location makes the marine industry one of the nation's most important transportation sectors.
- More than 90% of the country's foreign trade is carried out by maritime transit. The maritime transportation industry is expanding thanks to the expansion of key industries like oil and gas, textiles, food processing, and construction.
- A customs and logistics center will be built and run by Agility, a pioneer in supply chain services, infrastructure, and investment, in the Suez Canal Economic Zone. Agility has spent USD 60 million to construct two 100,000 SQM customs and logistics centers, one in the industrial area of Ein Sokhna and the other in East Port Said. The project will be carried out in the second half of 2023.
- The maritime transportation industry is expanding due to the expansion of key industries like oil and gas, textiles, food processing, and construction. With 8.0% of global maritime traffic flowing through the Suez Canal annually, followed by an increase in foreign companies from Turkey, Spain, India, and China, Egypt is being exploited as a logistic hub for goods destined for the European market. In turn, this is expected to fuel the expansion of Egypt's 3PL market throughout the forecast period.
