The import of sugars and sugar confectionery to Egypt stood at $675.59 million in 2023. Historically, the values have shown significant fluctuations. From 2013 to 2017, imports increased rapidly, peaking at $782.96 million in 2017 before dipping to $535.79 million in 2018. However, the import values rebounded, showing a stable upward trend from 2019 onwards, culminating in the $675.59 million figure in 2023. The year-on-year variation for the past two years was 2.36% in 2022 and 2.26% in 2023. The last five years' CAGR for imports stands at 4.75%.
Future import values from 2024 to 2028 are forecasted to grow steadily, albeit at a decelerating pace, with a 5-year CAGR of 1.72%. By 2028, the estimated import value is $753.50 million, indicating a total growth rate of 8.89% over the forecast period.
Future trends to watch for include potential impacts from global sugar prices, changes in Egypt's domestic sugar production, and shifts in consumer preferences towards healthier alternatives. Additionally, trade policies and economic conditions could significantly influence future import volumes and values.
