The export of essential oils, perfumes, cosmetics, and toiletries from Egypt has shown significant growth over the past decade. In 2013, exports were valued at $373.42 million and have risen steadily, reaching $705.72 million in 2023. This represents a year-on-year increase of 4.22% and a 5-year CAGR of 4.77%. From 2024 onwards, the exports are forecasted to continue growing, with an expected value of $854.97 million by 2028, translating to a forecasted 5-year CAGR of 3.01% and an overall growth rate of 15.99% over this period.
Trends indicate a robust performance from 2013 to 2023, with occasional slight downturns. Notable year-on-year growth happened in 2014 (22.98%) and 2017 (23.97%), while lesser fluctuations were observed in 2019 and 2020. The export market managed to rebound and sustain growth even during challenging periods.
Future trends to watch for include potential impacts from global economic conditions, shifts in consumer preferences towards natural and organic products, and possible regulatory changes influencing trade practices. Enhanced competitive positioning through diversification and innovation can also play a pivotal role in sustaining export growth.