The export of compressors for refrigerating equipment from Egypt has shown a significant decline over the years from 2013 to 2023. The series, expressed in volume, stood at 88.67 thousand kilograms in 2023. A breakdown of each year's year-on-year variation reveals fluctuating yet predominantly negative trends, culminating in a major reduction of 15.46% from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years is -12.76%, indicating an overall downturn in the export volumes.
In terms of future trends, the forecast data predict a continued sharp decline. By 2028, the forecast 5-year CAGR is anticipated to be -43.76%, with an overall decrease of 94.38% in export volumes compared to 2023. This substantial projected decline suggests that the market for these exports is likely to contract severely unless significant changes or interventions occur.
Future trends to watch for include:
- Technological advancements in refrigerating equipment.
- Global demand and replacement cycles for refrigerating compressors.
- Regional political and economic stability affecting trade policies.
- Environmental regulations impacting production and export practices.
