Based on the provided forecast data, the import of statuettes and other ornaments of wood to Egypt is projected to decline steadily from 2024 to 2028. The value in 2024 is USD 327.79 thousand, decreasing year-on-year by 4.9% in 2025, 5.1% in 2026, 5.3% in 2027, and 5.4% in 2028. From 2024 to 2028, the compound annual growth rate (CAGR) is approximately -5.2%.
The value in 2023 for the import of these items was USD 344.54 thousand, showing a drop of 4.8% between 2023 and 2024.
Future trends to watch for:
- Changes in consumer preferences and demand for wooden decorative items, which could be influenced by cultural factors or trends in interior design.
- Tariff and trade policies impacting the cost of imports.
- Economic factors in Egypt that could affect disposable income and spending on non-essential items.
- Potential increase in local production of similar goods, which could reduce dependency on imports.