UKTI Egypt Egypt

The Egyption fasion accessories market:

  • Two-thirds of British retailers (66%) expect their overseas sales to increase over the next five years, according to research from Barclays, and Egypt was listed as the second most popular country within the MENA region
  • The retail and wholesale sectors developed significantly in recent years. The apparel sub-sector represents a significant proportion of the Egyptian retail market. 
  • UK brands are well regarded in Egypt, and large UK fashion brands such as Marks & Spencer, Debenhams, Monsoon, Evans, Next, BHS, Hamley’s, Topman Topshop, Ted Baker, Karen Millen and Mothercare, are found in Egyptian malls. 
  • Other higher-end fashion brands such as Calvin Klein, Hugo Boss, and Burberry are all available.
  • The value of the retail segment is forecast by BMI to grow by 63.4% in local currency terms, from an expected EGP223.82bn (US$41.22bn) in 2013 to EGP365.73bn (US$67.35bn) by 2017, given long-term political stability. 
  • e franchise market is growing at 27% per year.

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-    Retail sales expected to grow from some £20 Bn (35.76 Bn USD) in 2012 to £320 Bn (61.21 Bn USD) by 2016
-    Egyptian per-capita consumer spending is forecast to increase by 73.7% between 2013-2016
-    GDP per capita is predicted to rise by 76.4%, reaching 5,659 USD by 2016
-    Egypt’s predicted 2012 retail market share in MENA of 9.7% is expected to rise to 11.7% by 2016
-    Women’s wear is the largest segment of the apparel retail industry in Egypt, accounting for 47.4% of the industry's total value
-    In 2016, the Egyptian food retail industry is forecast to have a value of $55.3 billion, an increase of 31.7% since 2011
-    The current food franchise market is valued at an estimated US$ 300 million.
-    Retail sector is far from saturated and is set to continue to grow across all subsectors. There are numerous opportunities for UK retailers in the Egyptian market.

Egypt’s growing population offers an excellent and growing market and consumer base for retail. It is the largest market in the Arab world. Its population is forecast to increase from 86 million in 2014 to an estimated 91 million by 2017, and to over 100 million in the 2020s. GDP per capita is predicted to almost double to US$5,843 by 2017. 

Which sectors are of interest?
Wafaa Saad
Wafaa Saad
Senior Adviser, UK Trade & Investment