Egypt, Saudi Arabia coordinate on regional crises ahead of first Supreme Council meeting    FRA launches first register for tech-based risk assessment firms in non-banking finance    Egypt's Health Ministry, Philips to study local manufacturing of CT scan machines    African World Heritage Fund registers four new sites as Egypt hosts board meetings    Maduro faces New York court as world leaders demand explanation and Trump threatens strikes    Egypt identifies 80 measures to overhaul startup environment and boost investment    Turkish firm Eroglu Moda Tekstil to invest $5.6m in Egypt garment factory    EGX closes in red area on 5 Jan    Gold rises on Monday    Oil falls on Monday    Al-Sisi pledges full support for UN desertification chief in Cairo meeting    Al-Sisi highlights Egypt's sporting readiness during 2026 World Cup trophy tour    Egypt opens Braille-accessible library in Cairo under presidential directive    Abdelatty urges calm in Yemen in high-level calls with Turkey, Pakistan, Gulf states    Madbouly highlights "love and closeness" between Egyptians during Christmas visit    Egypt confirms safety of citizens in Venezuela after US strikes, capture of Maduro    From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Mobile market expects breakthrough after release of imported shipments during 1Q 2023
The Egyptian market sold about 13 million mobile devices in 2021, according to GFK for market research.
Mohamed Alaa El Din Published in Daily News Egypt on 04 - 01 - 2023

The mobile market awaits a partial breakthrough as the government promises to release all goods stuck at ports. The mobile market has suffered a shortage recently and high prices which affected sales negatively.
The Egyptian market sold about 13 million mobile devices in 2021, according to GFK for market research.
Walid Ramadan, Vice President of the Mobile and Communications Division of the Cairo Chamber of Commerce, said that a decline in the prices of mobile devices is expected in the coming months if imported devices were released from ports.
Ramadan added that there are signs of a partial breakthrough in the mobile market, especially with official statements from the government to release all goods at ports during the coming period.

Ramadan expected a decline of up to 15% in the coming months, supported by the availability of goods in the market again.

The mobile market suffers from a shortage in the supply of mobile devices due to the import restrictions imposed by CBE's decisions last March regarding the opening of letters of credit, and most mobile dealers and companies have not been able to enter new shipments to the Egyptian market since the end of last March.

Import restrictions have caused a shortage of devices available in the market and a significant increase in the prices of mobile devices.

Egypt's imports of mobile phones declined 50.7% to $299.1m during the first four months of last year, compared to $607m in the same period of the year before.

Mohamed El Mahdy, former deputy of the Mobile Division at the Cairo Chamber of Commerce, said that the government gives priority in customs clearance for food and other basic products.

El Mahdy believes that in the event of the release of imported mobile devices, a breakthrough will occur in the market, which suffered greatly in 2022.
A source attributed the significant increase in the prices of mobile devices throughout the year 2022 to the unavailability of mobile devices in the market.
Prime Minister Mostafa Madbouly announced in early January that the government will announce weekly the imported commodities to be released from ports, stressing that all goods will be released within days.
Last December, Madbouly announced the release of $5bn worth of goods from ports. The total value of the imported goods stuck in ports amounted to $15bn.

Clic here to read the story from its source.