The import of essential oils, perfumes, cosmetics, and toiletries to Egypt has experienced notable fluctuations over the past decade. In 2023, imports stood at $359.1 million, showcasing a steady increase in demand. Year-on-year variation for 2023 was approximately 2.77%, while the previous year's growth was slightly higher at 2.9%. Over the last five years, the compound annual growth rate (CAGR) has been around 2.6%, indicating moderate but consistent growth.
Key data points:
- 2013: Imports peaked early, with a significant increase, followed by a sharp decline in 2014.
- 2015 - 2017: Fluctuations with minor recoveries and drops.
- 2018 - 2019: Stabilization initiated with relatively modest year-on-year gains.
- 2020: A minor dip reflecting possibly global market uncertainties.
- 2021 - 2023: A return to positive growth patterns, albeit with minor increments.
Looking ahead, forecasts suggest a continued upward trend with imports expected to reach $409.57 million by 2028. The forecasted five-year CAGR stands at 2.07%, signifying more stable but slower growth. The overall forecasted five-year growth rate is 10.78%, illustrating a sustained increase in the long-term demand for these products in Egypt.
Future trends to watch for:
- Economic policies and import regulations in Egypt affecting the cosmetics and toiletries market.
- Changing consumer preferences and increasing demand for natural and organic products.
- Global supply chain developments and their impact on the availability and price of imported goods.
