The import value of glass and glassware to Egypt in 2023 was USD 222.85 million. Over the last two years, the imports have shown moderate growth, with 2022 seeing a 2.81% increase and 2023 a 2.68% increase. The Compound Annual Growth Rate (CAGR) over the last five years stood at 1.22%, indicating steady, albeit slow, growth.
The forecast for the upcoming years points to a continuation of this trend. The imports are expected to grow at a 2.01% CAGR from 2024 to 2028, reaching USD 253.26 million by 2028, representing a total growth rate of 10.48% over five years.
Future Trends to Watch For:
- Economic Policies: Changes in trade policies and economic reforms in Egypt could influence the import growth rate.
- Global Market Trends: Fluctuations in global prices of raw materials and shipping costs may impact import volumes and values.
- Technological Advances: Innovations in glass manufacturing and recycling processes could alter demand dynamics.
- Environmental Regulations: Increasing focus on sustainability may drive demand for environmentally friendly glass and glassware products.
