Egypt's economy keeps growing steadily. Foreign shareholders are returning because of IMF-inspired reforms. The rise in the marketing of gas has a large bounce in exports and an expanding visitor sector provide additional benefits. The open public expenses are subdued and private last utilization is contracting. Development of real GDP will reach about 3.5% per time in the mid-term. However, investment must be increased to around 25% of GDP to be able to maintain lasting rates of development.
Medical and wellness pattern is increasing internationally, as well as in Egypt. The market trends are changing continuously and if you want to start your business, you may need to conduct market research in Egypt with Integrity Market Research. We can help you find out the prospects and outcomes of your business plan. Here are a few changes, our researchers find out in a recent study.
Special Discounts and Price Marketing Promotions
The option of improving sales and meet pre-determined twelve-monthly goals, local and international outfits and specialist retailers take part in discounting. However, classic sales periods continue because of consumer practices and the fact that sales that are run through the low season don't have a real effect on prices.
Second-Hand Clothes Market Segments
Young Egyptian women prefer to follow fashion, in addition to teenagers, who go for brands at the least expensive prices, especially following the ongoing surge in clothes prices. Therefore, many Egyptians shop at the famous cheap market of, where they can found many stores that buy recently worn clothes and resell them cheaply, with prices which range from EGP50-200.
Internet retailing and social media platforms
This has been predicated on trade interviews, major companies plan to continue to develop through social marketing and other internet marketing websites, such as Facebook. Furthermore, some companies have their own applications, so consumers can look over the merchandise available and compare prices and quality.
Upsurge in prices and limitations on importing
The costs of consumer electronics and devices are swiftly increasing. This is credited to high inflation levels as well as rumors that such products may be absent. Therefore demands by consumers are raised and then prices are enhanced. In addition, the federal government has increased fees on brought in items and already there's a lack of forex, resulting in a scarcity of supply, inserting higher pressure on prices.
Installment plans
This helps ease the soaring prices of consumer electronics and raise sales of several brands. The restricted variety of stores offers installment ideas without interest, so that customers are inspired to acquire a refrigerator. B-Tech is one dealer that offers such something for just about any customer without complicated newspaper work or long regular bank checks for customers.