The import value of Vitamin B2 to Egypt stood at $1.91 million in 2023. Based on the forecasted data, the imports are projected to increase year-on-year, reaching $1.9734 million in 2024, representing a 3.3% increase from the previous year. This growth trend continues with values rising to $2.0388 million in 2025, $2.1029 million in 2026, $2.1657 million in 2027, and $2.2273 million in 2028.
The year-on-year variation percentages for the forecasted period are as follows:
- 2024: 3.3%
- 2025: 3.3%
- 2026: 3.1%
- 2027: 3.0%
- 2028: 2.8%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 3.1%, indicating a steady increase in imports of Vitamin B2 to Egypt.
Future trends to watch for include changes in healthcare demand, innovations in Vitamin B2 production, shifts in trade policies, and fluctuations in global market prices, which may significantly influence import values moving forward.
