The import of refrigerators and freezers to Egypt has shown fluctuations over the past decade. Between 2013 and 2016, imports saw both upward and downward volatility, with a significant drop in 2016. The period from 2017 to 2020 depicted mixed trends with slight declines and small recoveries. However, from 2021 to 2023, imports began to stabilize, showcasing a positive trend line.
Specifically, in 2023, the import value of refrigerators and freezers stood at $317.31 million. The year-on-year growth from 2022 to 2023 was a moderate 1.9%, with the Compound Annual Growth Rate (CAGR) showcasing a 1.92% average annual growth over the last five years.
Looking forward, the forecasts indicate a steady increase in imports through 2028, with the values projected to rise while the five-year CAGR is expected to be at 1.46%. As a result, the aggregate growth rate over the next five years is estimated to be around 7.52%.
Future trends to watch for include potential impacts of new government policies on international trade, changes in consumer demand driven by technological advancements in refrigeration, and economic factors affecting Egypt's purchasing power. It will also be important to monitor global supply chain dynamics, which may significantly influence import patterns.
