The forecast shows a steady increase in the import of footwear with uppers of leather to Egypt from 2024 to 2028, growing from 30.098 million USD in 2024 to 33.821 million USD in 2028. The data indicates that there was a consistent year-on-year average increase of approximately 3% to 4% during this period.
In 2023, the actual value of imports stood at 29.251 million USD. Comparing this to the forecasted value for 2024 shows a year-on-year growth of approximately 2.9%. The overall Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is projected to be around 3%.
The trends underline a consistent demand for leather footwear imports into Egypt. Future trends to watch for include potential shifts in consumer preferences towards sustainable and eco-friendly products, changes in import tariffs, and general economic conditions which might influence import volumes and values. Additionally, manufacturers and retailers should monitor the competitive landscape and technological advancements in production, which could impact market dynamics.
