The import of parts of domestic appliances with electric motors to Egypt has displayed substantial volatility over the past decade. Beginning in 2013 at 5.2452 million USD, the value fluctuated with prominent increases in 2014 (44.49%) and 2017 (53.19%), along with minor declines in 2016 (-9.76%) and 2018 (-0.11%). As of 2023, the actual import value stood at 19.837 million USD, highlighting a steady upward trend from the preceding years with a 4.25% year-on-year increment in 2023. The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) was calculated at 4.66%, indicating moderate growth within this period.
Looking forward, the forecasted data suggest a continued increase in import value, reaching 24.063 million USD by 2028. The predicted 5-year CAGR from 2024 to 2028 is anticipated at 3.03%, translating into a 16.11% total growth rate over the forecast period, showing a slight deceleration in the growth rate compared to recent trends.
Future trends to watch for include potential impacts of global supply chain disruptions, fluctuations in currency exchange rates, changes in domestic appliance market demand, advancements in technology affecting domestic appliances, and economic policies influencing trade tariffs and import regulations.
