The import of jewellery of precious metal to Egypt has shown substantial fluctuations. From 2013 to 2018, the data illustrates dramatic increases and decreases, reflecting an unstable market. The year 2023 stood at 8.0542 million USD. The two most recent years show growth, with a year-on-year increase of 5.45% in 2023, following a 5.89% rise in 2022. The last 5-year CAGR stands at a modest 0.67%, indicating slower but steady growth compared to previous years.
Future trends to watch for include a forecasted annual growth rate of 3.45% from 2024 to 2028, translating to an 18.48% overall increase over these five years. This suggests a return to steadier growth, driven by stable economic factors and increasing demand for luxury goods in Egypt.
