The import of clocks, watches, and parts thereof to Egypt stood at 24.785 million USD in 2023. The forecasted figures show a gradual decline from 2024 to 2028, with values of 24.765, 24.724, 24.685, 24.646, and 24.608 million USD, respectively. This indicates a very slight year-on-year decrease in import value. Despite this consistency, the average annual variation over the five-year period (CAGR) reflects a minimal decline overall.
Future trends to watch for include potential shifts in consumer preferences towards smartwatches and other wearable technology, which could impact traditional watch imports. Additionally, economic fluctuations in Egypt and global market conditions could influence import values, as well as potential domestic production increases due to advancements in local manufacturing capabilities.
