The import volume of sugar confectionery to Egypt has experienced significant fluctuations from 2013 to 2023. In 2023, the volume stood at approximately 1.3183 million kilograms. The highest volume was observed in 2013 at 10.276 million kilograms, followed by a significant decline over the subsequent years with variations illustrated through notable year-on-year drops and rises. For instance, from 2013 to 2014, there was a decline of 8.5%, followed by a drastic fall of 67.5% from 2015 to 2016. The last two years saw an average decrease of approximately 11.2%, and the CAGR from 2018 to 2023 was about -11.7%.
Looking ahead, the forecast indicates a continuous decline, with the volume expected to reach 0.40808 million kilograms by 2028. The projected average annual decrease is around 18.39% over the next five years.
Future trends to watch for include global sugar prices, Egypt’s economic conditions, trade policies, and consumer preferences which could significantly influence import volumes. Additionally, local production capabilities and potential changes in dietary habits towards healthier options could further impact these imports.
