The import data for glass fibres and glass wool to Egypt indicates a fluctuating trend with both growth and decline periods. The value peaked in 2015 at $35.893M, followed by a significant drop in 2016. Over the last decade, yearly variations have been volatile, with occasional high growth years (e.g., 2015, 2017, and 2021). Recent years (2021-2023) have seen more stability with modest growth, resulting in a current value of $26.311M in 2023.
Future trends to watch for include:
- Minimal but steady growth is forecasted with a 5-year CAGR of 0.49%.
- Potential impacts of global economic conditions on import values.
- Technological advancements and regulatory changes impacting demand and supply dynamics in the glass fibres and glass wool industry.