The exports of basic pharmaceutical products and pharmaceutical preparations from Turkey to Egypt showed significant fluctuations over the past decade, hitting a high in 2014 followed by a notable decline. As of 2023, the exports stood at 2.4999 million USD, demonstrating a slight decrease of 0.98% from the previous year. The year-on-year growth over the last two years revealed a negative trend, and the five-year CAGR averaged -0.81%, indicating a continued modest decline.
Future trends to watch for:
- Potential regulatory changes in Egypt or Turkey that could impact pharmaceutical exports
- Emerging market demand and competitive dynamics in the Egyptian pharmaceutical market
- Impact of global inflation and currency exchange rates on export values