The export value of electric lamps and lighting fittings from Egypt displayed considerable volatility from 2013 to 2023. The export value began at 5.18 million USD in 2013, then sharply declined to 0.74 million USD by 2016, reflecting an annual reduction. While resurgence can be seen post-2016, recovery remained inconsistent, ending at 1.82 million USD in 2023. Year-on-year variations were substantial, with highs of 123.9% in 2013 and lows of -55.87% in 2016.
Over the last two years (2022-2023), export values have marginally increased, showing a slight year-on-year growth of approximately 0.67% annually. The five-year CAGR preceding 2023 stood at -2.13%, indicating a declining trend. Yet, forecasted values show a gradual increase with a CAGR of 0.54% from 2024 to 2028.
Future trends to watch for:
- Improvements and innovations in manufacturing processes could positively impact export values.
- Emerging markets and growing demand for energy-efficient lighting solutions may present new opportunities.
- Global economic conditions and trade policies will play a crucial role in shaping the market dynamics.
- Adoption of smart lighting technologies could drive growth in export values.
