From 2013 to 2023, the import of sewing thread of synthetic staple fibres to Egypt showed significant fluctuations. In 2013, the value stood at 3.03 million USD, experiencing a decrease of -31% year-on-year. Over the next few years, there were marked variations, including a major increase of 75.56% in 2015 and a considerable decrease in 2016 at -31.15%. By 2023, the value reached 3.90 million USD, marking a relatively stable period with a minor increase of 1.38% compared to 2022.
Over the past five years, the compound annual growth rate (CAGR) has been 0.17%. This indicates slight growth, but overall, the market has remained relatively stable. Looking forward, the forecast for 2028 suggests a growth rate of 5.53% over five years, with a forecasted CAGR of 1.08%.
Future trends to watch for:
- Technological advancements in synthetic fibres production.- Changes in trade policies that could affect import tariffs and regulations.- Economic factors influencing the demand for textiles in Egypt.- Innovations in sustainable and eco-friendly textile production.
