The import of ornamental glass beads, pearls, stones, and worked items to Egypt stood at 1.1772 million USD in 2023. Analyzing the year-on-year variations, the market has shown a mixed trend with significant fluctuations. The last two years saw slight increases in imports, with a 1.66% rise in 2022 and a 1.6% increase in 2023. The compound annual growth rate (CAGR) of imports from 2018 to 2023 was 1.22%, indicating a slow but stable growth rate over this period.
Future projections suggest a positive trend, with an estimated CAGR of 1.25% from 2024 to 2028 and an anticipated growth rate of 6.39% over the five-year period. This indicates a moderate yet steady increase in imports of these ornamental items into Egypt.
Future trends to watch for:
- Economic policies and trade agreements impacting import tariffs.
- Global market trends in the demand for ornamental beads and stones.
- Technological advancements in the creation and customization of ornamental items.
- Changes in consumer preferences and fashion trends within Egypt.