The actual import value of ICT goods in Egypt for 2023 stood at 5.55 units. This reflects a 6.23% year-on-year increase from 2022. Over the past five years, the CAGR for ICT goods imports was 1.84%, indicating moderate average growth. From 2013 to 2023, import trends showed both peaks and troughs, with notable variations such as a significant decline in 2020 by 29.39% and a considerable rise in 2018 by 26.41%. The forecast for 2024 onwards predicts a steady state, with figures stabilizing at 5.55 units and exhibiting no growth, resulting in a forecasted 5-year CAGR of 0%.
Future trends to watch for:
- Technological advancements and their impact on ICT goods demand.
- Potential policy changes affecting import regulations and tariffs.
- Economic factors such as foreign exchange rates and inflation.
- Regional supply chain disruptions or enhancements.
- Emerging alternatives to existing ICT goods, such as new tech innovations.
