Over the last decade, the import of glass fibres, glass wool, and articles thereof to Egypt has seen numerous fluctuations. The import value in 2023 stood at 9.7606 Million US Dollars. Recent years have experienced both significant increases and decreases, with the most notable being the sharp decline in 2016, followed by a resurgence in 2017 and fluctuations moving forward. Between 2018 and 2022, there has been a consistent though modest upward trend.
Year-on-year variations reflect notable volatility, with increases such as 50.03% in 2014 juxtaposed against large declines like 29.98% in 2016. Over the last two years, the import value increased by 1.47% in 2023 compared to 2022. The Compound Annual Growth Rate (CAGR) over the past five years is 0.94%, indicating a slight average annual growth.
Forecasts suggest that the import value will steadily rise from 2024 onwards, reaching 10.5 Million US Dollars in 2028, representing a projected five-year CAGR of 1.15% with an overall growth rate of 5.89%.
Future trends to watch include potential impacts of major economic policies, shifts in demand from the Egyptian construction and manufacturing sectors, global supply chain vulnerabilities, technological advancements in material sciences, and potential new trade agreements or tariffs that could influence the import landscape.
