The import value of Optical, Photo, Technical, and Medical Apparatus to Egypt in 2023 stood at 1112.7 million USD. Between 2013 and 2023, the import value has experienced fluctuations, with notable dips in 2016 (-14.53% YoY) and more moderate growth in recent years, such as 2.71% YoY in 2023. Over the past five years, the Compound Annual Growth Rate (CAGR) has settled at 2.66%, suggesting moderate but steady growth.
Forecasts indicate that by 2028, the import value is expected to climb to 1251.1 million USD, with a forecasted 5-year CAGR of 1.85% and an overall growth rate of 9.6% from 2024 to 2028. This projection implies slower growth compared to the historical data but still a positive trend.
Future trends to watch for include technological advancements in medical and technical apparatus, currency exchange rate fluctuations, and changes in healthcare infrastructure and policy, which could influence the import dynamics in Egypt.
