The export of sugar confectionery from Egypt has experienced significant fluctuations over the past decade. The volume stood at 6.2949 million kilograms in 2023. Initially, Egypt saw a substantial increase, with a notable year-on-year growth of 57.47% in 2013 and 164.9% in 2016. However, the market witnessed a consistent decline from 2017 onwards, marked by a steady decrease in value and volume.
From 2021 to 2023, the year-on-year variation showed a continuous downtrend with -3.27% in 2021, -8.65% in 2022, and -9.27% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years indicated an average annual decrease of -5.27%. Looking forward, the forecast for 2024-2028 predicts a further decline, with an estimated five-year CAGR of -12.09% and an overall reduction of -47.5% by 2028.
Future trends to watch for include potential market shifts driven by changes in global sugar prices, regulatory impacts, and competitive pressures from emerging markets. Additionally, developments in consumer preferences towards healthier alternatives may further influence export volumes.
