The forecasted import of complete and assembled clock movements to Egypt shows a steady decline from 2024 to 2028. In 2023, the import value of clock movements was recorded at 71.55 thousand USD. From 2024 onwards, the year-on-year variations indicate a slight decrease each year: -0.36% in 2024, -0.37% in 2025, -0.37% in 2026, and so on. Over the past two years, since 2023, the imports have decreased by approximately 0.70%. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 averages a reduction of roughly 0.36% per year.
Future trends to watch for:
- The gradual adoption of smart and digital clocks, which may reduce the demand for traditional clock movements.
- Fluctuations in foreign exchange rates, as these could impact the cost of imports.
- Economic policies in Egypt that may either facilitate or restrict imports through tariffs or subsidies.
- The potential for increasing local manufacturing capabilities in Egypt, which could reduce dependency on imports.
