The import of ink other than printing ink to Egypt has shown significant fluctuation from 2013 to 2023, peaking at 8.0123 million USD in 2014 and witnessing the lowest value of 4.1107 million USD in 2016. By 2023, the import value stood at 5.266 million USD. Over the last two years, the import value experienced modest growth with 6.18% in 2022 and 0.85% in 2023. The compound annual growth rate (CAGR) over the last five years (2018-2023) was 1.99%.
Looking ahead, the forecasted data from 2024 to 2028 suggests a trend of gradual increase in the import value, reaching 5.4815 million USD by 2028. The forecasted five-year CAGR is projected at 0.69%, indicating a steady yet slow growth, with an overall 3.5% growth rate over the period.
Future trends to watch for include:
- The impact of global economic conditions on import prices and volumes.
- Changes in local manufacturing capacity and demand dynamics in Egypt.
- Technological advancements and shifts in industry needs affecting ink consumption patterns.
- Policy changes related to trade and import regulations.
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