Analysis regarding the import of machines for manufacturing or hot working glass to Egypt shows a fluctuating trend over the years, decreasing significantly from 11.787 million USD in 2013 to 4.5384 million USD in 2023.
In the last two years, variations display a negative trend with a decline of 5.08% in 2022 and 5.24% in 2023. Over the five-year period ending in 2023, there has been an average annual decrease (CAGR) of approximately 3.88%.
Looking forward, a continued decline is projected, with values decreasing from 4.5384 million USD in 2023 to 3.2263 million USD by 2028, reflecting a negative five-year CAGR forecast of 5.42%.
Future trends to watch for include advancements in local manufacturing capabilities, changing economic conditions, and technological developments that could fluctuate import demands. Monitoring government trade policies and initiatives in the glass manufacturing sector may also provide crucial insights.
