The import of laboratory, hygienic, or pharmaceutical glassware to Egypt has demonstrated significant fluctuations over the last decade. In 2023, the imports stood at approximately 2.28 million US dollars. The year-on-year variation exhibited notable changes, with highs reaching 56.39% in 2015 and lows around -49.39% in 2016. The compound annual growth rate (CAGR) over the last five years, including 2023, was relatively flat at -0.062%, indicating a stable yet modest downtrend.
Looking ahead, the forecasted data from 2024 to 2028 suggests a steady and slight upturn, with a forecasted five-year CAGR of 0.36% and a growth rate of 1.83%. This indicates a slow but positive recovery, signalling potential stabilization after years of volatility.
Future trends to watch for include advancements in domestic manufacturing capabilities, possible changes in trade regulations, and shifts in healthcare demand. Market participants should also monitor global supply chain dynamics and technological innovations that might affect both supply and demand in the market.
