The import of spectacle lenses of glass to Egypt has demonstrated significant variability over the last decade. After a drop in 2016, the value began an upward trend, peaking in 2018 at 2.0832 million USD, stabilizing with minor fluctuations until 2023, reaching 2.1297 million USD. The year-on-year variation for the last two years has shown modest increases: 1.22% in 2022 and 1.18% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 0.44%. Looking ahead, forecasts indicate a stable growth with a forecasted 5-year CAGR of 0.84% and an expected growth of 4.3% by 2028.
Future trends to watch for include potential shifts in consumer preferences towards alternative materials, technological advancements in lens manufacturing, and possible economic impacts on import capabilities. Additionally, demographic changes and the prevalence of vision correction needs could influence demand.
