The import of glass envelopes for electrical or electronic lamps to Egypt has experienced fluctuations from 2013 to 2023. Notably, in 2023, the import value stood at $4.7968 million USD. The period demonstrated significant ups and downs, with variations including a notable drop in 2020 by -14.73% and subsequent recovery periods. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 was 1.48%, reflecting modest growth.
Future trends from 2024 onwards suggest a stable yet gradual increase, with a projected five-year CAGR of 1.8%, and an overall growth rate of 9.34% by 2028. This implies a continued upward trend in import values for the upcoming years.
Trends to watch for:
- Potential economic factors in Egypt influencing import capacity.
- Technological advancements in electrical and electronic lamps boosting demand for glass envelopes.
- Changes in international trade policies that could impact import regulations.
- Fluctuations in global market prices for glass raw materials.