From 2013 to 2023, the import of needleloom felt and stitchbonded fiber fabric to Egypt exhibited significant volatility. The import value peaked in 2013 at 1.077 million USD, experiencing fluctuations with both sharp increases and declines. By 2023, the value stood at 0.92353 million USD, reflecting a 1.77% year-on-year variation.
In terms of a longer-term trend, there was an average annual variation (CAGR) of 0.8% from 2018 to 2023. Notable changes included dramatic drops in 2015 and 2017, followed by periods of recovery and growth in subsequent years.
Looking forward, the forecast suggests a steady increase in imports up to 2028, with a 5-year CAGR of 1.37% and a total forecasted growth rate of 7.06%. Analysts should keep an eye on factors affecting global trade policies, local demand fluctuations, and potential advancements in domestic production capabilities that may influence future import trends.
