The import of fermented milk products to Egypt showed significant fluctuations from 2013 to 2023. Starting with a value of 140.01 in 2013, imports saw a sharp rise, peaking at 870.55 in 2018 before stabilizing around the 760-940 range in the following years. As of 2023, the import value stood at 940.61 thousand US dollars.
Year-on-year variations highlight substantial fluctuations. Notable increases occurred in 2014 (148.65%) and 2018 (160.09%), while significant drops were evident in 2016 (-67.04%). Recent years exhibit more moderate growth, with values for 2022 and 2023 showing increases of 5.37% and 5% respectively.
The compound annual growth rate (CAGR) over the last five years shows an average annual increase of 1.56%. Looking ahead, a forecasted five-year CAGR of 3.21% implies steady growth, predicting a 17.09% increase by 2028.
Future trends to watch for include potential impacts of economic policies, domestic production changes, and global supply chain factors which could influence Egypt’s import dependency on fermented milk products.
