Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.
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.