The import of bumpers and parts thereof for motor vehicles to Egypt peaked at $52.365 million in 2013, experiencing a significant drop over the next few years till 2016. From 2017 onwards, the imports showed a varying trend but relatively stabilized, gradually increasing from 2018 to 2023, where the imports stood at $22.254 million. The variations over the last two years saw modest increases, with 2022 showing a 7.04% rise and a further 1.63% increase in 2023. Considering the last five years, imports experienced a modest CAGR of 1.28%.
Future trends to watch for include:
- Continued increase in imports, as forecasts suggest gradual yet steady growth, reaching $24.056 million by 2028.
- The growth rate over the next five years is expected to be modest, with a forecasted 5-year CAGR of 1.28%, indicating a consistent demand in the market.
