The export of sugar confectionery by Egypt to Saudi Arabia showed a fluctuating trend over the past decade, with values peaking and dropping at various intervals. By 2023, the export value stood at 6.23 million USD. From 2022 to 2023, there was a 3.95% year-on-year increase. The Compound Annual Growth Rate (CAGR) over the last five years was 5.75%. However, the forecast from 2024 to 2028 indicates a slight decline with an annual decrease rate of -0.52% and a total forecasted growth rate of -2.58%.
Trends to Watch For:
- Potential impacts of changing consumer preferences.- Trade policies and tariffs between Egypt and Saudi Arabia.- Innovations in sugar confectionery products that could drive demand.- Global sugar prices and production costs impacting overall export values.
