The import of hair preparations to Egypt has seen significant fluctuations over the past decade. From 2013 to 2016, there was a stark decline, highlighted by a 51.52% drop in 2016. Although the trend reversed with a consistent increase from 2017 through 2023, reaching a value of about 32.88 million USD in 2023. The year-on-year variation for 2022 and 2023 was minimal at approximately 0.54% and 0.56%, respectively. The last five years saw an average annual variation of -0.045%.'
Looking ahead from 2024 to 2028, the market is expected to grow steadily with a forecasted 5-year CAGR of 0.4%, culminating in an estimated value of 33.72 million USD by 2028. Predictions indicate a moderate growth rate of around 2% during this period, suggesting a stable upward trend.
Future trends to watch for include:
- Potential impacts of economic policies and currency fluctuations on import costs and consumer prices.
- Changes in consumer preferences towards natural and organic hair care products.
- The influence of e-commerce growth on distribution channels and market reach.
- Introduction of new technologies and innovations in hair care products.
