The import of electric shavers and hair clippers to Egypt has shown fluctuating trends from 2013 to 2023. Starting at $3.64 million in 2013, it decreased slightly by 7.34% in 2014, followed by a rise in 2015, but experienced a significant dip of 42.17% in 2016. Recovering with substantial growth in 2017 and 2018, the trend stabilized with minor fluctuations from 2019 to 2022, reaching $3.77 million in 2023, representing a 2.8% increase from the previous year.
Over the last two years, the year-on-year growth rate averaged around 2.87%, while the compound annual growth rate (CAGR) over the past five years has been approximately 1.52%. The forecast until 2028 indicates a steady increase, with a forecasted average annual growth rate of 2.1%, predicting the import value to reach $4.31 million.
Future trends to watch for include potential shifts in consumer preferences towards more advanced grooming technologies, economic shifts impacting import capacity, and any trade policy changes that may affect import duties and regulations.
