The import value of parts for refrigerating or freezing equipment to Egypt in 2023 stood at 43.012 million US Dollars. Over the past two years, the imports have shown slight year-on-year increases of 1.91% in 2022 and 1.83% in 2023. The last five-year compound annual growth rate (CAGR) is 3.49%, indicating a moderately growing trend in the sector.
Key trends over the last decade reveal significant fluctuations, with a notable decline in 2017 and 2020. However, an overall positive direction is evident as the value has generally increased over the years, reaching higher levels from 2021 onwards.
The forecasted data suggests a steady increase with a five-year CAGR of 1.42%, projecting the import value to rise to 47.056 million US Dollars by 2028.
Future trends to watch for:
- Geopolitical and economic stability impacting trade policies and currency fluctuations.
- Technological advancements in refrigeration and freezing equipment boosting demand for parts.
- Sustainability practices influencing the import of energy-efficient components.
