Forecast: Import of Parts and Accessories for Motor Vehicles to Egypt

The import of parts and accessories for motor vehicles to Egypt experienced significant fluctuations between 2013 and 2023. In 2013, the value stood at $888.46 million, rising steadily to a peak of $1198.8 million in 2015. A marked decline followed in 2016 and 2017, with values dropping to as low as $702.73 million. Recovery began in 2018, reaching $943.21 million by 2023. Notably, the year-on-year variation showed significant highs and lows, with a notable 32.64% increase in 2014, a drop of 18.38% in 2016, and a recovery of 27.65% in 2018.

The average annual growth rate (CAGR) over the last five years hovered around 1.01%, indicating a modest growth trend after previous years of volatility. From 2024 onwards, projections suggest a steady increase, with a forecasted value of $1006.9 million by 2028 and an expected five-year CAGR of 1.09%.

Future trends to watch for include the impact of global supply chain dynamics, advancements in automotive technology influencing parts demand, and economic policy changes within Egypt that may affect import strategies and overall market stability.